Vireo Growth buys Palatka cultivation facility in US$60 million financing

VREOF•2026-10-05

Vireo Growth announced US$60 million in real estate financing tied to cultivation and production facilities in New York and Florida, including about US$11 million to acquire its Palatka facility.

1. Financing terms

About US$49 million of the proceeds will refinance senior debt linked to an option to purchase the Johnstown, New York, facility. The loan carries 8.5% annual interest, matures on April 2, 2034, and is secured by first-priority mortgages on both properties. The Palatka facility was previously leased from Rainbow Palatka; that lease will end and be replaced with a lease to Green Dragon Florida.

Vireo Growth buys Palatka cultivation facility in US$60 million financing

1. Financing terms

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