Cannabis platform Vireo Growth's Q3 revenue jumps on acquisitions
Vireo Growth's Q3 revenue rose 177% year over year to $253.7 million, driven by acquisitions, while adjusted EBITDA grew 68%. The company bought back $2.5 million in shares and forecast Q4 2026 revenue of $250 million to $265 million.
1. Revenue and outlook
Vireo Growth reported Q3 revenue of $253.7 million, up 177% year over year, and gross profit of $107.8 million. Adjusted EBITDA grew 68%, though margins declined. The company cited recently closed acquisitions and 4% pro forma year-over-year retail revenue growth; non-cannabis revenue was $55.6 million, compared with zero a year earlier.
2. Repurchases and forecasts
Vireo said it launched a share repurchase program and bought back $2.5 million in shares. It expects Q4 2026 revenue of $250 million to $265 million and adjusted EBITDA of $45 million to $48 million, and sees Q1 2027 revenue of $280 million to $300 million.
