Vireo Growth Inc. Engages Independent Trading Group (ITG), Inc. as Market Maker
Rhea-AI Summary
Vireo Growth (CSE: VREO, OTCQX: VREOF) engaged Independent Trading Group (ITG) to provide market-making services under Canadian Securities Exchange policies and securities laws.
ITG will trade Vireo subordinate voting shares on the CSE and other venues to maintain a reasonable market and support liquidity objectives, starting around July 7, 2026.
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News Market Reaction – VREOF
In the Jul 7 session, VREOF gained 2.36%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 01 | Share consolidation | Neutral | +1.1% | Announced 30-for-1 consolidation of multiple share classes effective June 5, 2026. |
| May 26 | Facility acquisition | Neutral | +0.0% | Exercised option to purchase New York cultivation and production facility previously leased. |
| May 12 | Quarterly earnings | Neutral | +0.8% | Reported Q1 2026 results with detailed revenue, EBITDA and cash position figures. |
| May 06 | Earnings date notice | Neutral | -1.0% | Scheduled release and conference call for Q1 2026 financial results on May 12, 2026. |
| Apr 30 | Acquisition agreement | Neutral | +2.9% | All-stock agreement to acquire FLUENT, expanding Florida footprint and equitizing debt. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent company news has typically produced only small single-day share price reactions, regardless of topic.
Key Terms
market-making services financial
canadian securities exchange regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
MINNEAPOLIS, July 06, 2026 (GLOBE NEWSWIRE) -- Vireo Growth Inc. (CSE: VREO) (OTCQX: VREOF) (“Vireo” or the “Company”), today announced that it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with Canadian Securities Exchange (“CSE”) policies and applicable securities laws.
ITG will trade shares of the Company on the CSE and all other trading venues with the objective of maintaining a reasonable market and enhancing the liquidity of the Company's subordinate voting shares.
The market-making services will commence on or about July 7, 2026, and will continue for an initial term of one month and will automatically renew for additional one-month terms unless terminated by either party upon ten (10) days' prior written notice before the end of the then-current term. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.
ITG is located at 33 Yonge Street, Suite 420, Toronto, Ontario M5E 1G4 and can be reached at 416-774-8975 and jeffgamble@itg84.com.
About Independent Trading Group
Independent Trading Group (ITG) Inc. is a Toronto-based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
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 Information
This press release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable United States and Canadian securities legislation (referred to herein as “forward-looking information”). Forward-looking information contained in this press release may be identified by the use of words such as “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 statements regarding expectations around the market making engagement, including the anticipated benefits of the engagement on trading liquidity and market stability for the Company’s subordinate voting shares, and the expected duration and renewal of the engagement. 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 its 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 the Company 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 the Company can give no 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: the ability of the market maker to improve liquidity or market stability for the Company’s subordinate voting shares; changes to CSE or CIRO rules or policies applicable to market making activities; the possible early termination of the market making engagement; risks related to the timing and content of adult-use legislation in markets where the Company currently operates; current and future market conditions, including the market price of the subordinate voting shares of the Company; 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; our ability to dispose of our assets held for sale at an acceptable price or at all; and risk factors set out in the Company’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 at www.sec.gov and filed with the Canadian securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.com.
The statements in this press release are made as of the date of this release. Except as required by law, we undertake no obligation to update any forward-looking statements or forward-looking information to reflect events or circumstances after the date of such statements.
For Vireo, contact:
Lynn Ricci
Director Investor Relations & Corporate Communications
investor@vireogrowth.com
(612) 314-8995
