Vireo Growth Inc. (“Vireo” or the “Company”) (CSE: VREO; OTCQX: VREOF), announces that it has closed its previously-announced transactions to acquire Utah-based WholesomeCo Cannabis (“Wholesome”) and the Arches proprietary technology and analytics platform. Wholesome is a dominant player in the Utah medical market, fueled by a large delivery operation with one single dispensary. The company initially developed the Arches proprietary technology stack in-house, which has developed sophisticated digital marketing and consumer loyalty capabilities. Total consideration for the transactions was $69.8 million, paid in the form of 134.2 million Subordinate Voting Shares of Vireo at a reference price per share of $0.52.
Read the full article: Vireo Growth Inc. Announces Closing of WholesomeCo Cannabis & Arches Merger Transactions //
Source: https://www.globenewswire.com/news-release/2025/05/12/3079597/0/en/Vireo-Growth-Inc-Announces-Closing-of-WholesomeCo-Cannabis-Arches-Merger-Transactions.html