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Vireo Growth ( (TSE:VREO) ) has issued an announcement.
Vireo Growth Inc. reported a significant 91% year-over-year increase in Q2 GAAP revenue, reaching $48.1 million, primarily driven by recent merger transactions. The company completed the acquisition of WholesomeCo, Proper Brands, and Deep Roots Harvest, expanding its operations to six states and solidifying its position as a leading multi-state cannabis operator. Additionally, Vireo successfully refinanced $153 million, enhancing its financial stability with over $100 million in cash and reducing annual interest expenses by more than $10 million. This strategic move is expected to support Vireo’s continued growth and industry leadership.
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. is a multi-state cannabis operator in the United States, focusing on expanding its presence across various states through mergers and acquisitions. The company offers a range of cannabis products and services, positioning itself as a leader in the cannabis industry.
Average Trading Volume: 42,856
Technical Sentiment Signal: Buy
Current Market Cap: C$932.6M
For detailed information about VREO stock, go to TipRanks’ Stock Analysis page.