Virtual Medical International Acquires Cherry Valley Growers and Adler Properties

Vireo Growth Inc. Acquires Four Ohio Cannabis Businesses in $208 Million All-Stock Deal

July 31, 2026

Healthcare Services

Vireo Growth Inc. entered into definitive securities purchase agreements to acquire four Ohio entities—FarmaceuticalRx LLC, FarmaceuticalRx 2 LLC, CAOH LLC, and Canoe Hill Ohio, LLC—covering eight dispensaries, a cultivation and processing facility, and related real estate. The aggregate purchase price is expected to be approximately $208 million, paid entirely in Vireo subordinate voting shares in three tranches with deferred performance-based clawbacks. Closing is expected in Q4 2026, subject to regulatory approvals and customary closing conditions.

Vireo Growth Inc to Acquire Certain Assets of The Cannabist Company Holdings Inc

July 20, 2026

Healthcare Services

Vireo Growth Inc, through its subsidiary Vireo Health of Arcadia, LLC, entered into a definitive purchase agreement to acquire certain cannabis cultivation, manufacturing, and retail operations from subsidiaries of The Cannabist Company Holdings Inc across Colorado, Illinois, Massachusetts, New Jersey, and West Virginia. The deal consideration is up to US$35 million (subject to regulatory approvals), with closing expected in stages through 2026 and 2027. Vireo expects the transaction to add up to 25 dispensaries and strengthen its vertically integrated presence in multiple limited-license cannabis markets.

Chicago Atlantic and Vireo Growth Agree to Merge and Acquire Cannabis Operators (Including Arches JV and The Flowery)

December 18, 2024

Healthcare Services

Chicago Atlantic (as Vireo’s largest stockholder) and Vireo Growth executed definitive merger agreements to combine with three single-state cannabis operators: Proper Cannabis (Missouri), Deep Roots Harvest (Nevada), and WholesomeCo Cannabis (Utah). The deal also includes an acquisition of the Arches analytics and distribution technology platform joint venture between Wholesome and Proper, and Vireo signed a binding memorandum of understanding to acquire The Flowery (Florida). The combined transactions are valued collectively at about $397 million, subject to customary approvals.

Canopy Growth Acquires Ace Valley (AV Cannabis Inc.)

April 1, 2021

Consumer Products

Canopy Growth Corporation has completed the acquisition of AV Cannabis Inc. (Ace Valley), buying 100% of the Ontario-based cannabis brand to expand its portfolio of ready-to-enjoy products. Canopy plans to leverage its national sales, marketing and distribution capabilities to scale Ace Valley across Canada and optimize production to drive growth and margins.

Virtual Medical International Acquires FarmShare, LLC

November 30, 2020

Agriculture

Virtual Medical International Inc. agreed to acquire FarmShare, LLC, an industrial hemp cultivation and CBD processing operation based in La Grange, North Carolina, in a transaction composed of stock and cash. The deal comprises 1.5 million shares of common stock plus purchase of existing inventory for $866,750 via a promissory note; Virtual Medical said the acquisition gives it an immediate presence in the southeast U.S. and additional CBD production capacity.

Vertical Wellness Acquires The Organic Candy Factory

November 18, 2020

Food & Beverage

Vertical Wellness (VWEL) acquired The Organic Candy Factory in a stock transaction to expand its branded health-and-wellness portfolio into the fast-growing better-for-you candy segment. The acquisition gives Vertical Wellness an established organic, vegan gummy brand and a direct-to-consumer and retail footprint that the company plans to scale and integrate with its distribution and hemp/CBD capabilities.