Vireo Growth Inc. announced the closing of its previously disclosed acquisition of certain assets of U.S. multistate cannabis operator Medicine Man Technologies Inc. (dba “Schwazze”).
Vireo CEO John Mazarakis said, “We are pleased to announce the closing of the acquisition of the Schwazze assets. This transaction represents a meaningful step in the continued execution of our disciplined growth strategy, enabling Vireo to expand its presence in key markets through the acquisition of established retail operations at an implied estimated valuation of under 4x pro forma EBITDA. We believe this attractive entry point reflects current market conditions and underscores our focus on capital-efficient growth.
