Vireo Health

Marijuana firm Vireo files prospectus to issue up to $200 million in securities

Minneapolis-based Vireo Health International said it has filed a preliminary prospectus in Canada to sell as much as 260 million Canadian dollars ($200 million) in securities if and when market opportunities permit. Such a shelf offering doesn’t mean a company will sell the securities, but it gives a business the option when market conditions are […]

Read More

Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles

Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. (The graphic above has been corrected to reflect that Acreage Holdings has a cultivation/processing operation in Pennsylvania but no retail locations and that Harvest Health & Recreation has […]

Read More

Asset sales, market growth might boost cannabis multistate operator finances

Publicly traded multistate marijuana operators appear to be in better financial health than they were at the beginning of the year, but many have shed operations in potentially lucrative markets to bolster their balance sheets. MSOs are benefiting from growing marijuana markets, strong sales during the coronavirus pandemic and some easing in the capital markets […]

Read More

Jushi completes $37 million deal for Pennsylvania marijuana cultivator

Multistate marijuana operator Jushi Holdings completed its acquisition of Vireo Health International’s cultivation and processing operations in Pennsylvania for $37 million as Jushi looks to maximize its footprint in the state’s fast-growing medical cannabis market. To fund the purchase of Pennsylvania Medical Solutions, which included $16.3 million in cash, Florida-based Jushi recently closed on a […]

Read More

Multistate marijuana operator Jushi upsizes debt financing to $33.3 million

Florida-based multistate marijuana and hemp operator Jushi Holdings increased a debt financing announced in late July by roughly $18 million, citing strong demand from shareholders and management. The debt financing, which was meant to fund Jushi’s $37 million purchase of grower-processor Pennsylvania Medical Solutions (PAMS) from Minneapolis-based MSO Vireo Health International, was previously worth $15.25 […]

Read More

Marijuana MSO Jushi buys Vireo grow facility in Pennsylvania for $37 million

Florida-based Jushi Holdings, a multistate marijuana and hemp company, agreed to purchase Vireo Health International’s grower-processor operations in Pennsylvania for $37 million. To fund the purchase, Jushi secured $15.25 million in debt financing that was led by insiders and existing shareholders. The acquisition involves the purchase of Pennsylvania Medical Solutions (PAMS), a licensed medical marijuana grower-processor […]

Read More

Week in Review: Renewed cannabis diversity efforts, Tilray execs sued, Canopy’s rich CEO package & more

Protests across the United States over the treatment of black Americans have prompted calls for companies to address racial inequities and increase diversity. The cannabis industry has a long way to go, as evidenced by a recent study of Denver’s marijuana market. But Illinois-based Cresco Labs took a step this week by appointing the first […]

Read More

Vireo Health parts ways with marijuana industry veteran Bruce Linton

Cannabis multistate operator Vireo Health International terminated former Executive Chair Bruce Linton, effective immediately and “on an entirely without-cause basis,” the company announced Monday in a news release. Linton’s exit comes roughly seven months after his November hiring, and Vireo said it does not expect to hire a new executive chair. Linton will remain on […]

Read More

Marijuana firm Vireo Health raises CA$10.5 million

Bruce Linton, the high-profile executive chairman of multi-state cannabis operator Vireo Health, invested $1 million in the Minneapolis-based company through a private placement stock offering that he organized. Linton, who was named executive chairman of Vireo last November, acquired 1.74 million of the 13.65 million units issued in the private placement. The units consist of one share and […]

Read More

Marijuana company Vireo Health wagers on former Canopy co-CEO Linton to expand nationally

To help expand its national footprint, multistate marijuana company Vireo Health International has hired Bruce Linton, one of the biggest names in the cannabis industry and former leader of Canada’s Canopy Growth until his surprise firing in the summer. It’s a high-profile hire for the U.S. cannabis industry, one that many executives and investors across […]

Read More

Marijuana smuggling charges to be dropped against ex-Vireo employees

Felony charges will be dropped against two former Vireo Health executives accused of smuggling medical marijuana across state lines after they perform 80 hours of community service and serve a one-year probation. The closely watched case led to court rulings and reform in Minnesota that establishes the activity as a criminal act, putting MMJ operators […]

Read More