Vireo Growth - M&A Summary and Business Overview

AgricultureCompany

Vireo Growth M&A Summary

Vireo Growth has acquired 3 companies, including 3 in the last 5 years. It has also divested 2 assets.

Vireo Growth’s largest acquisition to date was in 2022, when it acquired Goodness Growth Holdings for $413M. It’s largest disclosed sale occurred in 2020, when it sold Pennsylvania Medical Solutions to Jushi Holdings for $37M. Vireo Growth has acquired in 3 different US states. The Company’s most targeted sectors include agriculture (34%) and consumer products (34%).

Vireo Growth Business Overview

Where is Vireo Growth headquartered?

Vireo Growth is headquartered in Minneapolis, Minnesota.

What is Vireo Growth’s revenue?

Vireo Growth disclosed revenue of 88M USD for 2023 and 75M USD for 2022.

How many employees does Vireo Growth have?

Vireo Growth has 385 employees.

What sector is Vireo Growth in?

Vireo Growth is an agriculture company.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Vireo Growth

Vireo Growth, Inc

MoZaic East Building 4th Floor 1330 Lagoon Avenue,
Minneapolis, Minnesota 55408
United States,
(612) 314-8995
www.vireohealth.com

Vireo Growth is a science-focused, multi-state cannabis company. Vireo cultivates cannabis in environmentally-friendly greenhouses, manufactures pharmaceutical-grade cannabis extracts, and sells its products at both company-owned and third-party dispensaries. Vireo Growth is based in Minneapolis, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 - 1 1 - - 3
vol $413M $413M
Sell (0.4/yr) # - 1 1 - - - 2
vol $37M $1M $38M
  5

Most Recent M&A

Company Date Value Type
Goodness Growth Holdings, Inc. 2022-02-04 413M USD Add-on Acquisition
Minneapolis, Minnesota · www.goodnessgrowth.com
Charm City Medicus LLC 2021-07-09 - Add-on Acquisition
Baltimore, Maryland · www.charmcitymedicus.com
Ohio Medical Solutions, Inc. 2021-03-31 1M USD Divestiture
Coshocton, Ohio
Pennsylvania Medical Solutions LLC 2020-06-22 37M USD Divestiture
Scranton, Pennsylvania
Mayflower Botanicals, Inc. 2019-04-02 - Add-on Acquisition
New Bedford, Massachusetts
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Agriculture 1 (33%) - 1 (50%) 37M (97%)
Consumer Products 1 (33%) - 1 (50%) 1M (3%)
Medical Products 1 (33%) 413M (100%) - -
Total 3 $413M 2 $38M

By Geo

State/Country Buy Value Sell Value
United States 3 413M 2 38M
  Minnesota 1 413M - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  Ohio - - 1 1M
  Pennsylvania - - 1 37M
Total 3 $413M 2 $38M

Top M&A Advisors

Financial Deals
Haywood
 1
AGP/Alliance Global Partners
 1
Legal Deals
Dentons
 1

Deal Values

buy # Total
$100M to $1B 1 $413M
TOTAL $413M
Largest Goodness Growth Holdings, Inc.
$413M (2022-02-04)
sell # Total
< $100M 2 $38M
TOTAL $38M
Largest Pennsylvania Medical Solutions LLC
$37M (2020-06-22)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Agriculture

Revenue

88   18% 2023
75   39% 2022
54   11% 2021
49   64% 2020
30   2019
(millions of USD) Show More Show Less

Employees

385

Public

VREOF

Former Name

Vireo Health International, Inc.

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