07:04 AM EDT, 10/03/2025 (MT Newswires) -- Vireo Growth ( VREOF ) , which rose 11% Thursday, overnight said it entered into definitive agreements to buy about 86% of the outstanding senior secured convertible notes of public U.S. multi-state cannabis operator, Medicine Man Technologies, or Schwazze, from third-party noteholders.

The company said the notes will be bought at a price substantially below par value, for about $62 million payable in subordinate voting shares of Vireo at closing, at $0.54.

Vireo expects the deal to close later this month.

Shares of the company closed up $0.09 to $0.9 on the Canadian Securities Exchange Thursday.