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Chicago Atlantic Group LP and its affiliates have recently increased their stake in Vireo Growth Inc. (NASDAQ:VREO), a $146.4 million market cap company that InvestingPro analysis shows is currently trading near its Fair Value. The stock has shown notable momentum with a 12% gain over the past week, despite operating with moderate leverage at a debt-to-equity ratio of 1.62. The transactions, which took place on March 14 and March 17, involved the purchase of a total of 123,022 shares. The shares were bought at a weighted average price, with transactions occurring within a price range of $0.3757 to $0.3878 per share, amounting to a total value of approximately $46,800.
These acquisitions increase Chicago Atlantic’s total holdings in Vireo Growth to 313,522 shares, held directly. Additionally, the company holds 110,362,683 shares indirectly through various affiliates. The transactions were disclosed in a recent SEC Form 4 filing, signed by Peter Sack, an authorized person for all filers.
In other recent news, Vireo Growth Inc. reported a 15.4% increase in full-year revenue, reaching $99.4 million, while the fourth-quarter revenue rose by 3.5% to $25 million. Despite these gains, the company announced a net loss of $15.7 million in the fourth quarter, primarily due to one-time transaction expenses. Vireo Growth has strategically positioned itself for a transformative year in 2025 with plans to complete a new cultivation facility in Minnesota and expand into adult-use sales. The company maintains a strong cash position of $91.6 million, which is expected to support its growth initiatives. Analysts from Craig Hallum Capital Group discussed Vireo’s plans to divest a portion of its New York assets and its upcoming merger transactions, which include earn-out and clawback provisions to ensure EBITDA metrics are met. The company is also focusing on capital deployment in New York and Minnesota, with significant contributions expected from its New York facility in the second quarter of 2025. Tyson, Vireo’s CFO, emphasized the company’s strategy to prioritize high-return investments, particularly in its highest growth markets. These developments indicate Vireo’s commitment to expanding its footprint and enhancing operational efficiency in the coming year.
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