Vireo growth sees significant stock purchases by Chicago Atlantic

Published 14/03/2025, 02:44
Vireo growth sees significant stock purchases by Chicago Atlantic

Chicago Atlantic Credit Opportunities, LLC, along with other related entities, reported substantial acquisitions of Vireo Growth Inc. (NASDAQ:VREO) shares, according to a recent SEC filing. The transactions, which occurred between December 30, 2024, and March 13, 2025, amounted to a total of $20,084,465. The purchases were made at prices ranging from $0.3239 to $0.625 per share. The company, currently valued at approximately $135 million, has shown significant volatility with its stock price trading between $0.23 and $0.69 over the past 52 weeks. According to InvestingPro analysis, Vireo Growth is currently trading near its Fair Value.

The largest transaction took place on December 30, 2024, with the acquisition of 32,032,000 shares at $0.625 each, contributing significantly to the overall investment value. Subsequent purchases included 2,000 shares on March 7, 2025, at an average price of $0.3507, 70,000 shares on March 11, 2025, at $0.3239, 78,500 shares on March 12, 2025, at $0.3363, and 40,000 shares on March 13, 2025, at $0.3673. The stock has demonstrated strong momentum recently, posting an 8% gain over the past week, despite being down 34% year-to-date.

These transactions highlight Chicago Atlantic’s continued interest in Vireo Growth, reflecting a strategic investment approach by the firm and its affiliates. While the company maintains a moderate debt level with a debt-to-equity ratio of 1.62, InvestingPro analysis reveals several additional key metrics and insights available to subscribers, including detailed financial health scores and growth projections.

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 3.5% to $25 million. Despite the revenue growth, the company experienced a fourth-quarter net loss of $15.7 million, primarily due to one-time transaction expenses. Vireo Growth is planning to expand its operations with a new cultivation facility in Minnesota and is preparing for the launch of adult-use sales in the state. The company has also secured financial commitments to support these initiatives, including a commercial loan from Stearns Bank. Looking ahead, Vireo Growth anticipates significant contributions from its New York facility in the second quarter of 2025. The company is also in the process of divesting a portion of its New York assets. Analysts from Craig Hallum Capital Group have been monitoring the company’s developments, particularly its upcoming mergers, which include earn-out and clawback provisions to ensure financial metrics are met.

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.