Vireo Growth Inc. to Purchase More Senior Secured Convertible Notes from Schwazze
Acquisition Announcement: Vireo Growth Inc. plans to acquire approximately $2.6 million in senior secured convertible notes from Medicine Man Technologies (Schwazze) for about $1.6 million in subordinate voting shares, representing a significant discount.
Transaction Details: Upon completion, Vireo will hold around 89% of Schwazze's outstanding notes, with the transaction subject to customary conditions and regulatory approvals.
Company Overview: Vireo, founded in 2014, focuses on the medical cannabis industry, emphasizing a disciplined and strategic approach to market operations and growth.
Forward-Looking Statements: The press release includes forward-looking information regarding financial outlooks and potential risks, cautioning readers against placing undue reliance on these projections.
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