12:51 PM EDT, 06/17/2025 (MT Newswires) -- Vireo Growth ( VREOF ) Tuesday issued second-quarter guidance following three acquisitions of rival cannabis producers.

The company expects pro forma revenue and adjusted EBITDA for the second quarter to be in the range of US$88 million to US$91 million, and US$23 million to US$24 million, respectively.

The company said it is not able to estimate financial performance ranges for net income at this time "given uncertainty of timing and impact of certain non-cash expenses and other accounting adjustments" during its quarterly close process.

In addition, Vireo believes its improved profitability profile is likely to help secure more favorable terms as it seeks to refinance its outstanding debt obligations, as it now "anticipates a refinancing event will close expeditiously, and that it will have a cash position of greater than $100 million once completed", according to a company statement.

The company's shares were last seen down $0.01 to $0.55 on the Canadian Securities Exchange.

Price: 0.55, Change: -0.01, Percent Change: -1.79