Vireo Growth Inc. Announces 30-Month Extension of Credit Agreement and Voluntary Conversion of All Outstanding Convertible Notes with Affiliates of Chicago Atlantic
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
0mins
Should l Buy ?
Source: Globenewswire
Credit Facility Extension: Vireo Growth Inc. has extended the maturity date of its credit facility loans to January 29, 2027, and will issue shares to lenders as part of the amendment, reflecting improved operational performance and support for adult-use sales in Minnesota.
Convertible Notes Conversion: Chicago Atlantic plans to convert all outstanding convertible notes into equity shares, resulting in significant interest expense savings for Vireo, which will issue approximately 73 million shares as part of this conversion.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
