Company: VREOF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001558370-25-007072
Chunk: 1

Company: Vireo Growth Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1F
Chunk 1
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Item 1. Financial Statements

VIREO GROWTH INC.

CONSOLIDATED BALANCE SHEETS

(In U.S Dollars, unaudited)

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​​​​​​​​    March 31,​December 31,​​2025​2024Assets ​   ​  Current assets: ​   ​  Cash​$ 86,260,997​$ 91,604,970Accounts receivable, net of credit losses of $84,990 and $244,264, respectively​  3,983,466​  4,590,351Income tax receivable​​ 11,367,067​  12,027,472Inventory​  23,343,300​  21,666,364Prepayments and other current assets​  1,785,664​  1,650,977Warrants held​  1,751,906​  2,270,964Assets held for sale​  99,941,960​  96,560,052Total current assets​  228,434,360​  230,371,150Property and equipment, net​  32,836,175​  32,311,762Operating lease, right-of-use asset​  7,660,568​  7,859,434Intangible assets, net​  7,694,517​  7,899,328Deposits​  421,244​  421,244Total assets​$ 277,046,864​$ 278,862,918Liabilities​   ​   Current liabilities​   ​   Accounts payable and accrued liabilities​$ 12,197,467​$ 10,456,036Long-term debt, current portion​​ —​​ 900,000Right of use liability​  1,148,991​  1,400,015Uncertain tax liability​​ 34,959,000​  33,324,000Liabilities held for sale​  89,351,157​  89,387,203Total current liabilities​  137,656,615​  135,467,254Right-of-use liability​  16,437,288​  16,494,439Other long-term liabilities​​ 37,278​​ 37,278Convertible debt, net​​ 9,874,