Vireo Growth ( (TSE:VREO) ) has shared an update.
Vireo Growth Inc. reported record revenue, gross profit margin, and operating income for fiscal year 2024, with a 15.4% increase in revenue excluding discontinued operations. The company ended the year with $91.6 million in cash, positioning itself for a transformational 2025 through merger transactions, recent equity raises, and growth catalysts. Despite fourth-quarter results being impacted by one-time transaction expenses, Vireo remains optimistic about its growth platform and future prospects.
More about Vireo Growth
Vireo Growth Inc. operates in the cannabis industry, focusing on building a portfolio of prolific brands and local operators. The company is engaged in growth investments in its legacy markets and is preparing for the launch of adult-use sales in Minnesota.
YTD Price Performance: -28.10%
Average Trading Volume: 321,305
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $97.32M
For a thorough assessment of VREO stock, go to TipRanks’ Stock Analysis page.