Vireo Growth Acquires Nevada’s M3 Wellness

MINNEAPOLIS — Vireo Growth Inc. M3 Wellness, a dispensary located in Hawthorne, Nevada, from M3 Wellness LLC.

The total consideration for the Transaction was $500,000, $290,000 of which was settled in cash on the closing date. The remaining $210,000 balance was satisfied by issuing 13,888 Vireo subordinate voting shares at a deemed issue price per share of $15.12.

In addition, according to the original purchase agreement, Vireo will pay M3 Wellness a single, performance-based earnout, based upon achievement of certain EBITDA benchmarks by December 31, 2029.

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