Company: VREOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001558370-25-011401
Chunk: 1

Company: Vireo Growth Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1F
Chunk 1
---
Item 1. Financial Statements

VIREO GROWTH INC.

CONSOLIDATED BALANCE SHEETS

(In U.S Dollars, unaudited)

​

​​​​​​​​    June 30,​December 31,​​2025​2024Assets ​   ​  Current assets: ​   ​  Cash​$ 99,134,913​$ 91,604,970Restricted Cash​​ 7,054,563​​ —Marketable Securities​​ 1,004,479​​ —Accounts receivable, net of credit losses of $166,765 and $244,264, respectively​  10,620,290​  4,590,351Income tax receivable​​ 24,759,915​  12,027,472Inventory​  63,032,832​  21,666,364Prepayments and other current assets​  4,130,285​  1,650,977Warrants held​  1,272,440​  2,270,964Assets held for sale​  101,778,735​  96,560,052Total current assets​  312,788,452​  230,371,150Property and equipment, net​  110,660,253​  32,311,762Operating lease, right-of-use asset​  37,468,486​  7,859,434Intangible assets, net​  86,173,838​  7,899,328Goodwill​​ 72,644,103​​ —Investments​​ 13,100,000​​ —Deposits​  8,647,824​  421,244Indemnified Assets​​ 17,529,137​​ —Other Assets​  328,166​  —Total assets​$ 659,340,259​$ 278,862,918Liabilities​   ​   Current liabilities​   ​   Accounts payable and accrued liabilities​$ 47,454,840​$ 10,456,036Long-term debt, current portion​​ 26,483,317​​ 900,000Right of use liability, current​  4,351,301​  1,400,015Uncertain tax liability​​ 75,849,307​  33,324,000Liabilities held for sale