Vireo Growth Inc. has agreed to acquire 86% of the outstanding senior secured convertible notes of Medicine Man Technologies Inc. (dba “Schwazze”) for approximately $62 million in subordinate voting shares. The transaction is expected to close later this month, subject to customary conditions and necessary approvals.

Vireo Growth to Acquire 86% of Schwazze Outstanding Convertible Debt

Oct 3, 2025

Source:

Mg Magazine Newswire

MG Magazine

*MINNEAPOLIS* — Vireo Growth Inc. has entered into definitive agreements to
acquire approximately 86% of the outstanding senior secured convertible
notes of public U.S. multistate cannabis operator Medicine Man Technologies
Inc. (dba “Schwazze”) from third-party noteholders. The Notes will be
acquired at a price substantially below par value, for total consideration
of approximately $62 million payable in subordinate voting shares of the
Company at closing, at a deemed price per share of $0.54.

The transaction is expected to close later this month. Completion of the
transaction is subject to customary conditions, including receipt of
necessary approvals.