Company: VREOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001104659-25-110364
Chunk: 2

Company: Vireo Growth Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1F
Chunk 2
---
Item 1. Financial Statements

VIREO GROWTH INC.

CONSOLIDATED BALANCE SHEETS

(In U.S. Dollars, unaudited)

​

​​​​​​​​    September 30,​December 31,​​2025​2024Assets ​   ​  Current assets: ​   ​  Cash​$ 97,151,669​$ 91,604,970Restricted Cash​​ 20,387,672​​ —Marketable Securities​​ 1,012,527​​ —Accounts receivable, net of credit losses of $1,027,316 and $244,264, respectively​  12,180,295​  4,590,351Income tax receivable​​ 14,414,476​  12,027,472Inventory​  53,901,588​  21,666,364Prepayments and other current assets​  5,114,818​  1,650,977Warrants held​  1,333,103​  2,270,964Assets held for sale​  102,468,441​  96,560,052Total current assets​  307,964,589​  230,371,150Property and equipment, net​  121,241,954​  32,311,762Operating lease, right-of-use asset​  37,112,753​  7,859,434Intangible assets, net​  89,651,531​  7,899,328Goodwill​​ 97,289,115​​ —Investments​​ 6,000,000​​ —Deposits​  2,129,430​  421,244Indemnified Assets​​ 17,529,137​​ —Total assets​$ 678,918,509​$ 278,862,918Liabilities​   ​   Current liabilities​   ​   Accounts payable and accrued liabilities​$ 38,543,289​$ 10,456,036Convertible debt, current portion​​ 1,650,000​​ —Long-term debt, current portion​​ 15,630,000​​ 900,000Right of use liability, current​  4,771,482​  1,400,015Uncertain tax liability​​ 84,818,307​  33,324,