Vireo Growth Inc. Announces Closing of Proper Brands Acquisition in Missouri
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2025
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Source: Newsfilter
Acquisition Announcement: Vireo Growth Inc. has completed the acquisition of Proper Brands, a major player in Missouri's recreational cannabis market, for $102 million, involving the purchase of its subsidiaries and retail dispensaries.
Transaction Details: The deal includes 196.2 million Subordinate Voting Shares at a reference price of $0.52 per share, with provisions for clawback if future earnings do not meet expectations, and shares will unlock over a 33-month period.
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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.
