Add-on Acquisition • Agriculture

Vireo Growth Acquires Deep Roots Harvest

On June 9, 2025, Vireo Growth acquired agriculture company Deep Roots Harvest for 133M USD

Acquisition Context

This is Vireo Growth’s 1st transaction in the Agriculture sector.
This is Vireo Growth’s largest (disclosed) transaction.
This is Vireo Growth’s 1st transaction in the United States.
This is Vireo Growth’s 1st transaction in Nevada.

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M&A Deal Summary
Date	June 9, 2025
Target	Deep Roots Harvest
Sector	Agriculture
Buyer(s)	Vireo Growth
Deal Type	Add-on Acquisition
Deal Value	133M USD

Target Company

Deep Roots Harvest

Las Vegas, Nevada, United States

Deep Roots Harvest is a vertically integrated cannabis operator that includes cultivation, manufacturing & processing, a wholesale and distribution business, and seven retail dispensary licenses. Deep Roots Harvest is based in Las Vegas, Nevada.

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Buyer Overview 1

Buyer

Vireo Growth

Minneapolis, Minnesota, United States

Category	Company
Founded	2014
Sector	Life Science
Employees	419
Revenue	99M USD (2024)

DESCRIPTION

Vireo Growth offers a vertically integrated portfolio of cannabis products designed to serve both medical and adult-use markets. Vireo Growth was founded in 2014 and is based in Minneapolis, Minnesota.

Deal Context for Buyer	#
Overall	1 of 2
Sector: Agriculture	1 of 1
Type: Add-on Acquisition	1 of 2
State: Nevada	1 of 1
Country: United States	1 of 2
Year: 2025	1 of 2
Size (of disclosed)	1 of 1

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2025-12-22	Eaze San Francisco, California, United States Eaze is a cannabis delivery marketplace that creates a diverse and sustainable industry through its Momentum business accelerator and Social Equity Partners Program. Eaze is based in San Francisco, California.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2025-12-22

Eaze

San Francisco, California, United States

Eaze is a cannabis delivery marketplace that creates a diverse and sustainable industry through its Momentum business accelerator and Social Equity Partners Program. Eaze is based in San Francisco, California.

Buy

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