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Vireo Growth ( (TSE:VREO) ) just unveiled an announcement.
Vireo Growth Inc. has completed its acquisition of Proper Brands, a significant player in Missouri’s recreational cannabis market, through the purchase of NGH Investments, Inc. and Proper Holdings Management, Inc. This acquisition, valued at $102 million, expands Vireo’s footprint with Proper’s 11 retail dispensaries and a large cultivation facility. The transaction is expected to enhance Vireo’s market position in Missouri, with shares issued subject to lock-up provisions and potential clawbacks based on future financial performance.
The most recent analyst rating on (TSE:VREO) stock is a Hold with a C$0.55 price target. To see the full list of analyst forecasts on Vireo Growth stock, see the TSE:VREO Stock Forecast page.
More about Vireo Growth
Vireo Growth Inc., founded in 2014, is a pioneer in the medical cannabis industry. The company is driven by an entrepreneurial spirit and is committed to serving its stakeholders, including customers, employees, shareholders, industry collaborators, and the communities it operates in. Vireo focuses on empowering local market leaders and strategic resource allocation.
Average Trading Volume: 33,332
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$198.3M
For an in-depth examination of VREO stock, go to TipRanks’ Stock Analysis page.