Chicago Atlantic Group buys Vireo Growth shares for $11,131

Published 26/03/2025, 03:06
Chicago Atlantic Group buys Vireo Growth shares for $11,131

Chicago Atlantic Group, LP and its affiliates have increased their stake in Vireo Growth Inc. (NASDAQ:VREO) through a series of stock purchases. According to the latest SEC filing, the group acquired a total of 25,750 shares in three separate transactions. The timing is notable as the stock has seen an 8.33% gain over the past week, according to InvestingPro data. These purchases were made between March 21 and March 25, 2025, at prices ranging from $0.41 to $0.4385 per share, totaling approximately $11,131.

The transactions involved the acquisition of subordinate voting shares, with the largest purchase occurring on March 24, when 20,000 shares were bought at a weighted average price of $0.4355. The acquisitions have increased the total direct ownership of Chicago Atlantic Group and its affiliates to 384,272 shares.

These transactions reflect Chicago Atlantic Group’s continued interest in Vireo Growth, a company operating in the pharmaceutical preparations sector. The purchases were executed by various entities under the Chicago Atlantic umbrella, including Chicago Atlantic Credit Opportunities, LLC and Chicago Atlantic Advisers, LLC, among others.

In other recent news, Vireo Growth Inc. reported a 15.4% increase in full-year revenue, reaching $99.4 million, with fourth-quarter revenue rising by 3.5% to $25 million. Despite this revenue growth, the company posted a fourth-quarter net loss of $15.7 million, primarily due to one-time transaction expenses. Vireo Growth’s strategic plans include the development of a new cultivation facility and the expansion into adult-use sales in Minnesota. The company’s strong cash position, with $91.6 million on hand, supports these initiatives. Analysts noted the company’s focus on capital deployment, particularly in New York and Minnesota, as a key strategy for driving shareholder returns. The firm has also announced pending mergers expected to close in 2025, which may further influence its growth trajectory. Vireo Growth’s operating income for the year was reported at $13.6 million, reflecting strong operational efficiency. The company anticipates significant contributions from its New York facility in the second quarter of 2025, aligning with its ongoing growth investments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.