An announcement from Vireo Growth (VREO) is now available.
Vireo Growth Inc. has amended its Credit Agreement, receiving a waiver for a default and extending the maturity date of its loans to January 2027, while adjusting terms related to the sale of its New York operations. In exchange for the lenders’ agreement, the Company will issue 12.5 million subordinate voting shares and announced the conversion of outstanding convertible notes worth approximately $10.5 million into around 73 million subordinate voting shares. This financial reshuffling aims to streamline the company’s operations and strengthen its financial standing.
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