Cannabis Co. Vireo Reports 2% YoY Revenue Growth, Secures $10M In Financing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 15 2024
0mins
Should l Buy ?
Source: Benzinga
Financial Performance Overview: Vireo Growth Inc. reported a 2% year-over-year revenue increase to $25.2 million for Q3 2024, although gross profit decreased by 6.6%, and operating income fell by 34.4%.
Future Plans and Developments: The company is preparing for the launch of adult-use sales in Minnesota next year, supported by a new $10 million financing commitment, despite mixed results from its operations in Maryland and Minnesota.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
