Vireo Growth Inc. plans to acquire approximately 89% of the outstanding senior secured convertible notes of Medicine Man Technologies Inc., which operates as Schwazze. The total principal plus accrued interest of the notes is about $2.6 million, but Vireo will purchase them at a significant discount for roughly $1.6 million, payable in subordinate voting shares at a price of $0.54 per share. The transaction is expected to close later this month, subject to customary conditions and approvals. Upon completion, the share consideration will be subject to standard resale restrictions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vireo Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9605442-en) on December 19, 2025, and is solely responsible for the information contained therein.
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