Vireo Growth Extends Credit Facility With Chicago Atlantic: ‘It’s Not Been An Easy Path For Us’ Says CEO
Cannabis company Vireo Growth Inc. (formerly Goodness Growth Holdings, Inc.) (CSE:VREO) (OTCQX:VREOF) reported Thursday that it has extended its credit facility with Chicago Atlantic. Additionally, Chicago Atlantic decided to convert all its convertible notes into equity shares.
The Minnesota-based company extended the due date for its loans to January 29, 2027.
Vireo postponed sale deadline of its New York operations to July 31, 2025. The company will issue 12.5 million subordinate voting shares to the lenders in consideration for the credit facility amendment.
“It’s not been an easy path for us, but I’m incredibly pleased with our team and I’m appreciative of the collaborative approach Chicago Atlantic has taken to working with us to establish a more stable foundation from which to build,” stated Josh Rosen chief executive officer of Vireo. “As our team knows, …