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An announcement from Vireo Growth ( (TSE:VREO) ) is now available.
On April 29, 2026, Vireo Growth Inc. entered into a definitive arrangement agreement to acquire all issued and outstanding shares of FLUENT Corp. in an all-stock transaction, with FLUENT shareholders receiving 0.0705359 Vireo subordinate voting share for each FLUENT share. The deal, unanimously recommended by FLUENT’s special committee and boards of both companies, is structured as a court-approved plan of arrangement in Ontario and is not subject to approval by Vireo shareholders.
The transaction is expected to significantly deepen Vireo’s scale in Florida’s limited-license medical cannabis market, combining two largely complementary retail and cultivation networks and giving FLUENT shareholders exposure to a larger, better-capitalized platform. As part of the deal, FLUENT is implementing an operating budget focused on cost reductions, divesting non-core assets and converting US$30 million of senior debt into equity, while the transaction remains subject to FLUENT shareholder, court and regulatory approvals and is targeted to close in the fourth quarter of 2026.
More about Vireo Growth
Vireo Growth Inc. is a multi-state cannabis operator listed in Canada and the U.S., focused on cultivating, producing and retailing cannabis products across 10 states. FLUENT Corp. is a vertically integrated, multi-state cannabis company with a major presence in Florida’s medical cannabis market, operating about 74 stores and extensive cultivation and production facilities.
Average Trading Volume: 62,391
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$644M
For a thorough assessment of VREO stock, go to TipRanks’ Stock Analysis page.