Vireo Growth Inc. announced its definitive agreement to acquire Eaze Inc., a cannabis retailer and delivery platform.
The acquisition strengthens Vireo's presence in California and Florida, adding 14 dispensaries in Colorado as well.
Upon completion, Vireo will operate in 10 states with 166 dispensaries and 800,000 sq. ft. of cultivation.
The transaction will be settled with a mix of cash and subordinate voting shares, subject to customary conditions.
The deal is expected to close in the first half of 2026, expanding Vireo's retail footprint and IP portfolio.
Strategic Acquisition
Expansion into two major cannabis markets with 166 dispensaries and increased cultivation capacity.
Financial Consideration
Approximately $47.0 million in base consideration paid through issuing 84 million subordinate voting shares, subject to adjustments.
Shareholder Agreements
Eaze shareholders subject to share lock-up agreements with releases scheduled until March 1, 2028.
- The acquisition positions Vireo for significant growth in California and Florida markets.
- Eaze's delivery platform enhances Vireo's IP portfolio and retail presence in Colorado.
- The merger strengthens Vireo's competitive position in the cannabis industry.
- Upon completion, Vireo will have a more diversified market presence across multiple states.
The acquisition of Eaze Inc. marks a strategic move by Vireo into lucrative cannabis markets, fostering growth and market positioning.