AcquisitionsJun 11, 2026, 04:12 PM
Vireo Growth Acquires Bridgewell Agribusiness for $13.66M; Two Dispensary Deals Announced
AI Summary
Vireo Growth Inc. has completed the acquisition of Bridgewell Agribusiness LLC for approximately $13.66 million, with the consideration paid via convertible notes. The company also announced two dispensary acquisitions: one in Nevada from M3 Wellness for $500,000 (including cash, shares, and an earnout) and an indirect 49% equity interest in Maryland dispensaries from HA-MD for $1.55 million (including cash, a note, and shares). Bridgewell operates as a supplier of organic and non-GMO food and agricultural products.
Key Highlights
- Vireo Growth Inc. acquired Bridgewell Agribusiness LLC for approximately $13.66 million.
- The acquisition consideration included unsecured, subordinated convertible notes valued at approximately $13.66 million.
- Vireo Growth Inc. also entered into an agreement to acquire a Nevada dispensary from M3 Wellness for $500,000.
- Vireo Growth Inc. agreed to acquire an indirect 49% equity interest in Maryland dispensaries for $1.55 million.
- The Nevada dispensary acquisition includes a performance-based earnout tied to EBITDA benchmarks.
- The Maryland dispensary acquisition involves cash, a promissory note, and subordinate voting shares.
Price Impact
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