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In recent transactions, Chicago Atlantic, a ten percent owner of Vireo Growth Inc. (NASDAQ:VREO), acquired a significant number of subordinate voting shares. The $143 million market cap company, which has seen its stock decline 36% year-to-date according to InvestingPro data, received this vote of confidence through insider buying. According to the latest SEC filing, the acquisitions occurred on May 23 and May 27, 2025, with a total purchase value of $24,512.
The transactions involved the acquisition of 20,000 shares at a weighted average price of $0.3782 on May 23, and 44,000 shares at a weighted average price of $0.3852 on May 27. The price per share for these transactions ranged from $0.3574 to $0.3981, with the current stock trading at $0.38, near its 52-week low of $0.23.
Following these purchases, Chicago Atlantic’s total holdings in Vireo Growth Inc. increased to 32,653,668 shares. The transactions were executed indirectly through various affiliates, as detailed in the footnotes of the filing. With the company burning through cash and generating $99.8 million in revenue, unlock deeper insights into insider trading patterns and financial health scores with InvestingPro’s comprehensive analysis tools.
In other recent news, Vireo Growth Inc. reported a 15.4% increase in full-year revenue, reaching $99.4 million, while fourth-quarter revenue rose by 3.5% to $25 million. Despite these gains, the company faced a net loss of $15.7 million in the fourth quarter due to one-time transaction expenses. Vireo Growth also announced plans for a new cultivation facility and the expansion into adult-use sales in Minnesota, indicating strategic growth initiatives. The company holds a strong cash position of $91.6 million, which they plan to deploy in Minnesota and New York. Analysts have noted the company’s transformational plans for 2025, including anticipated contributions from their New York facility. Furthermore, Vireo Growth is in the process of divesting a portion of its New York assets while preparing for significant mergers. The timeline for the new Minnesota facility and the launch of adult-use sales is expected to be completed in 2025. The company has secured financial commitments to fund its new cultivation facility, reflecting its focus on expanding premium flower production.
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