Vireo Growth agrees to acquire four Ohio cannabis operators in $208 million share deal

Deferred share consideration is tied to performance, with a clawback of up to 25% if thresholds are not met.

Closings are targeted for Q4 2026, subject to required approvals and customary conditions.

The transaction would establish a vertically integrated Ohio platform, expanding Vireo’s footprint to an expected 16 states post-close.

Vireo Growth agreed to buy four Ohio cannabis operators, adding eight dispensaries plus a cultivation and processing facility.

The aggregate purchase price is expected to be about $208 million, paid with about 11 million subordinate voting shares issued in three tranches.