Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is highlighted as one of the top 12 marijuana stocks to buy, with Vireo Growth Inc. signing merger agreements with Proper Cannabis, Deep Roots Harvest, and WholesomeCo Cannabis. The deals include the acquisition of Arches and their distribution platform.

The merger agreements in the cannabis industry will result in a company with 48 dispensaries, nine cultivation facilities, and over 1 million square feet of production space across seven states. Valued at $397 million, Vireo also announced a $75 million equity offering, positioning them as a key player in the expanding cannabis market.

Chicago Atlantic clarified that they, along with Lineage Merchant Partners, were not part of the agreement mentioned in an earlier version of the article. The press release was issued by Chicago Atlantic, the entity directly involved in the transformative merger agreements in the cannabis industry.

Read more at Yahoo Finance: Chicago Atlantic and Lineage Merchant Partners Declares Transformative Merger Agreements In The Cannabis Industry (Corrected)