Vireo Growth Inc. plans to acquire outstanding senior secured convertible notes of Medicine Man Technologies Inc. for approximately $1.6 million in subordinate voting shares, at a substantial discount to par value. This move will give Vireo ownership of approximately 89% of the outstanding notes. The transaction is expected to close later this month, pending necessary approvals and subject to resale restrictions under Canadian securities law. Vireo, founded in 2014, focuses on disciplined growth in the medical cannabis industry and aims to drive value through local market focus and a national portfolio. For more information, visit www.vireogrowth.com.

Read more at GlobeNewswire: Vireo Growth Inc. to Acquire Additional Outstanding Senior