Recommended content

Cannabis operator Goodness Growth selling Vireo Health of New York

Cannabis multistate operator Goodness Growth Holdings is selling its subsidiary Vireo Health of New York (VireoNY) to Ace Venture Enterprises for $3 million-$5 million as the company works to amend a credit agreement with its secured lender.

Minneapolis-based Goodness Growth – which changed its name from Vireo Health in 2021 – announced the acquisition in a late Monday news release with its fourth-quarter results.


In a second release issued Monday night, Goodness Growth described Ace Venture Enterprises as a “corporate partner” of “Ace Ventures, LLC, a minority-owned business in the state of New York” founded by TV and film producer Steven Acevedo.

Under the deal, Ace Venture Enterprises will:

Purchase VireoNY’s licenses, inventory and assets. Take over VireoNY’s lease agreement with

Read full article on Marijuana Business Daily

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Business Daily

More news