Adam JacksonNovember 4, 2024
The company’s new CEO sees the funding as key to teeing up its expansion plans in Minnesota.
Tag: Vireo Health
Adam JacksonNovember 4, 2024
StaffFebruary 1, 2024
The Daily Hit is a recap of the top financial news stories for Feb. 1, 2024. On the Site Cannabis rescheduling faces uphill battle, but DEA decision expected soon The U.S. Department of Health and Human Services’ proposal to reclassify cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act […]
Adam JacksonFebruary 1, 2024
The firm is being accused of dodging owed rent and other associated costs.
StaffSeptember 21, 2022
The Daily Hit is a recap of cannabis business news for Sept. 21, 2022. ON THE SITE Vireo Health Sues Minnesota Over Hemp Edibles Medical marijuana company Vireo Health, a subsidiary of Goodness Growth Holdings (OTC: GDNSF) is fighting back against a recent loophole for edibles in the state of Minnesota. The conflict stems from a recent amendment to Minnesota […]
Debra BorchardtSeptember 21, 2022
Vireo sues the state of Minnesota over uneven edible law.
Debra BorchardtMay 14, 2021
Vireo Health International, Inc. (CSE: VREO)(OTCQX: VREOF) reported financial results for its first quarter ended March 31, 2021 . Total revenue increased 8.8% to $13.2 million over last year’s $12.1 million and includes the former subsidiaries in Pennsylvania. This beat analyst estimates from Yahoo Finance for revenue of $12.4 million. Vireo trimmed its net losses slightly […]
Debra BorchardtNovember 25, 2020Vireo Health International, Inc. (OTCQX: VREOF) reported that its revenue rose 67% to $11.9 million for its third quarter ended September 30, 2020 versus $7.1 million for the same time period in 2019. Net income in the third quarter was $122,252 versus a net loss of $14.6 million in the 2019 third quarter. Vireo said the favorable […]
Debra BorchardtAugust 26, 2020Vireo Health International, Inc. (OTCQX: VREOF) reported that it generated revenue including contributions from discontinued operations, of $12.2 million. This was an increase of 70% over $7.2 million in the second quarter of 2019. Vireo reported revenue, excluding discontinued operations, increased 59% to $10.8 million, over $6.7 million in the 2019 second-quarter. The second-quarter net loss […]
Julie AitchesonAugust 26, 2020
With unionization becoming ever more common in the cannabis industry, Labor Day 2020 provides an opportunity to take a closer look at the state of cannabis labor unions in the U.S. Across industries, labor unions organize members and offer access to group health insurance, provide legal compliance and other assistance, help negotiate annual raises and […]
Debra BorchardtJune 16, 2020Vireo Health International, Inc. (OTCQX: VREOF) reported total revenue for the quarter ending in March of $12.1 million increased 34% sequentially and 110% year-over-year versus $5.8 million in the first quarter of 2019. The first-quarter net loss was $2.0 million versus the net loss of $3.4 million in the same time period in 2019. Adjusted net loss for […]
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