Marijuana multistate operator Vireo Growth has received $75 million in equity financing and acquired four single-state operators as well as a delivery and analytics platform.
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According to a Wednesday news release, Minneapolis-based Vireo’s acquisitions include:
Deep Roots Harvest in Nevada. The Flowery in Florida (through a binding memorandum of understanding to acquire). Proper Brands in Missouri. WholesomeCo Cannabis in Utah as well as Arches, the delivery and analytics arm it “built and spun out” in 2023. Arches will be “licensed exclusively to the company’s portfolio of operating companies over time as regulations allow.” Vireo’s expanded footprint
The acquisitions will give Vireo a presence in seven states as well as nine cultivation facilities and 48 retail outlets.
According to the release,
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