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The latest announcement is out from Vireo Growth ( (TSE:VREO) ).
On December 22, 2025, Vireo Growth Inc. signed a definitive agreement to acquire Eaze Inc., a vertically integrated cannabis retailer and delivery technology platform operating in California, Florida and Colorado, in an all-share transaction valuing base consideration at approximately US$47 million. The deal, to be executed via a merger that will make Eaze a wholly owned subsidiary, will be paid in about 84 million Vireo subordinate voting shares at a deemed price of US$0.56 per share, subject to customary closing adjustments, regulatory and shareholder approvals, and is targeted to close in the first half of 2026. The acquisition is set to mark Vireo’s entry into the large California and Florida cannabis markets, add 14 dispensaries to its Colorado footprint, and expand its combined portfolio to 10 states with 166 dispensaries and roughly 800,000 square feet of cultivation and production space, significantly scaling its retail reach and bolstering its technology-enabled delivery capabilities through Eaze’s platform, which has completed over 12 million deliveries. Eaze shareholders will face phased lock-up restrictions on the Vireo shares they receive, extending through March 1, 2028, underscoring an emphasis on long-term alignment as Vireo seeks to strengthen its competitive position in key U.S. cannabis markets and enhance its omnichannel retail and delivery offering.
More about Vireo Growth
Vireo Growth Inc., founded in 2014, is a U.S.-based cannabis operator that began as a pioneering medical cannabis company and is building a disciplined, strategically aligned platform across multiple states. The company focuses on a locally driven yet nationally leveraged portfolio of cannabis brands, retail dispensaries, and cultivation and production assets, aiming to deploy capital and talent in markets where it sees the greatest long-term value for customers, employees, shareholders, and the communities it serves.
Average Trading Volume: 80,002
Technical Sentiment Signal: Buy
Current Market Cap: C$936.9M
Learn more about VREO stock on TipRanks’ Stock Analysis page.