Vireo Growth Inc. Announces Issuance of Shares in Connection with Altmore Settlement

Vireo Growth (VREOD, VREOF) will issue 462,963 subordinate voting shares to SHWZ Altmore, LLC and Altmore Debt I, LP under a confidential settlement agreement related to Vireo’s acquisition of certain secured obligations and related liens held by Altmore.

Rhea-AI Summary

Vireo Growth (VREOD, VREOF) will issue 462,963 subordinate voting shares to SHWZ Altmore, LLC and Altmore Debt I, LP under a confidential settlement agreement related to Vireo’s acquisition of certain secured obligations and related liens held by Altmore.

The shares, defined as Settlement Shares, are being issued as consideration for the assigned interest pursuant to an assignment and assumption agreement. The Settlement Shares will be subject to a six‑month lock‑up period from issuance and resale restrictions, during which holders may not transfer the shares without Vireo’s prior written consent. All other settlement terms remain confidential.

Argus Sep 18 session

-3.52% close to close Open Argus

Details

Market reaction after settlement share issuance: VREOF -3.52% in the Sep 18 session

In the Sep 18 session, VREOF declined 3.52%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

At publication, VREOF's prior close was $12.11, down 2.1% pre-headline; the announcement disclosed e...

Analysis

At publication, VREOF's prior close was $12.11, down 2.1% pre-headline; the announcement disclosed equity consideration for assigned secured obligations and resale restrictions, providing terms for the settlement.

Key Figures

Settlement Shares: 462,963 subordinate voting shares Lock-Up Period: six (6) months

Settlement Shares

462,963 subordinate voting shares

Issued as consideration for the Assigned Interest

Lock-Up Period

six (6) months

Applies from the date of issuance

Key Terms

subordinate voting shares, lock-up period, secured obligations

3 terms

subordinate voting shares financial

"issue a total of 462,963 subordinate voting shares of the Company"

Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.

lock-up period financial

"The Settlement Shares will be subject to a six (6) month lock-up period"

A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.

View in glossary

secured obligations financial

"the Company’s acquisition of certain secured obligations and related liens"

Secured obligations are debts or promises to pay that are backed by specific collateral—assets a borrower agrees a lender can take if payments aren’t made. For investors, secured obligations matter because they usually carry lower risk and higher recovery priority than unsecured debts: think of them like a mortgage or pawned item where the lender has a claim on a particular asset, improving the chance of getting paid if the borrower runs into trouble.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MINNEAPOLIS, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Vireo Growth Inc. (CSE: VREO; OTCQX: VREOF) (“Vireo” or the “Company”), a leading cannabis company and agricultural markets platform today announced that, in connection with a confidential settlement agreement (the “Settlement Agreement”) with SHWZ Altmore, LLC (“Altmore”) and certain other parties, the Company will issue a total of 462,963 subordinate voting shares of the Company (the “Settlement Shares”) to Altmore and Altmore Debt I, LP as consideration for the Company’s acquisition of certain secured obligations and related liens held by Altmore (the “Assigned Interest”), pursuant to an assignment and assumption agreement entered into in connection with the Settlement Agreement.

The Settlement Shares will be subject to a six (6) month lock-up period commencing on the date of issuance and applicable resale restrictions, during which the holders may not transfer the Settlement Shares without the Company’s prior written consent. The additional terms of the Settlement Agreement remain confidential.

About Vireo Growth Inc.

Vireo Growth Inc. (CSE: VREO; OTCQX: VREOF) is a leading vertically integrated cannabis company building a broad platform across cannabis and adjacent agricultural markets. The Company operates cultivation, manufacturing, retail dispensaries, home delivery, distribution, and agricultural supply businesses across the United States, creating exposure to both cannabis and complementary adjacent markets. With operations in 10 states and approximately 170 dispensaries nationwide, Vireo combines disciplined capital allocation, strategic acquisitions, and local market execution to scale its platform and drive long-term shareholder value. The Company is focused on expanding market share and strengthening its portfolio of consumer brands and services, while supporting the customers, employees, shareholders, and communities it serves. For more information about Vireo, visit www.vireogrowth.com.

Forward-Looking Statement Disclosure

This press release contains “forward-looking statements” or “forward-looking information” within the meaning of applicable United States and Canadian securities legislation (collectively, “forward-looking information”). To the extent any forward-looking information in this press release constitutes “financial outlooks” within the meaning of applicable United States or Canadian securities laws, this information is being provided as preliminary financial results; the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such financial outlooks.

Forward-looking information contained in this press release may be identified by the use of words such as “intend,” “anticipate,” “plan,” “project,” “potential,” “could,” “should,” “believe,” “estimate,” “would,” “looking forward,” “may,” “continue,” “expect,” “expected,” “will,” “likely,” “subject to,” and variations of such words and phrases, or any statements or clauses containing verbs in any future tense and includes, but is not limited to expectations around the issuance of the Settlement Shares and the acquisition of the Assigned Interest. These statements should not be read as guarantees of future performance or results. Forward-looking information includes both known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company or the Company’s subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements or information contained in this press release. Forward-looking information is based upon a number of estimates and assumptions of management, believed but not certain to be reasonable, in light of management’s experience and perception of trends, current conditions, and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment, and the availability of licenses, approvals and permits.

Although Vireo believes that the expectations and assumptions on which such forward-looking information is based are reasonable, the reader should not place undue reliance on the forward-looking information because Vireo cannot give any assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to: risks and uncertainties associated with the Assigned Interest acquired by the Company; risks related to the timing and content of adult-use legislation in markets where Vireo currently operates; current and future market conditions, including the market price of the Company’s subordinate voting shares; risks related to epidemics and pandemics; federal, state, local, and foreign government laws, rules, and regulations, including federal and state laws and regulations in the United States relating to cannabis operations in the United States and any changes to such laws or regulations; operational, regulatory and other risks; execution of business strategy; management of growth; difficulties inherent in forecasting future events; conflicts of interest; risks inherent in an agricultural business; risks inherent in a manufacturing business; liquidity and the ability of the Company to raise additional financing to continue as a going concern; the Company’s ability to meet the demand for flower in its various markets; and risk factors set out in Vireo’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, which are available on EDGAR with the U.S. Securities and Exchange Commission and filed with the Canadian securities regulators and available under each company’s profile on SEDAR+ at www.sedarplus.ca.

The statements in this press release are made as of the date of this release. Except as required by law, Vireo will not undertake any obligation to update any forward-looking statements or forward-looking information to reflect events or circumstances after the date of such statements.

Contact Information

Vireo Growth Inc.
Lynn Ricci
Director, Investor Relations & Corporate Communications
investor@vireogrowth.com
(781) 956-7052