Vireo Growth Q3 net loss narrows 9% to USD 24 million; revenue more than doubles to USD 253.7 million
Vireo Growth’s third-quarter net loss narrowed 9% year over year to USD 24 million, while revenue more than doubled to USD 253.7 million, driven by recently closed acquisitions. The company forecast fourth-quarter revenue of USD 250 million to USD 265 million, excluding pending acquisitions.
1. Quarterly results and outlook
Vireo Growth’s third-quarter net loss narrowed 9% year over year to USD 24 million, while revenue more than doubled to USD 253.7 million, driven by recently closed acquisitions. Its FLUENT acquisition closed November 9, adding 33 dispensaries to its Florida footprint. The company forecast fourth-quarter revenue of USD 250 million to USD 265 million, excluding pending acquisitions.
