Vireo Growth has entered into a definitive agreement to acquire Eaze Inc., a vertically-integrated cannabis retailer and delivery technology platform with operations in California, Florida and Colorado. Eaze has 65 active retail locations and has completed over 12 million deliveries.
The transaction will be effected by way of a planned merger whereby Eaze will become a wholly-owned subsidiary of Vireo. Total consideration in the transaction includes approximately $47.0 million in base consideration, payable through the issuance of approximately 84 million subordinate voting shares of the Company at closing at a deemed issue price per share of US$0.56. Completion of the transaction is subject to customary conditions, including receipt of necessary approvals, and is expected to close during the first half of calendar year 2026.
Chief Executive Officer John Mazarakis commented, "We are excited to announce the acquisition of Eaze and Vireo's entrance into California and Florida. The addition of Eaze provides immediate scale in two of the country's largest cannabis markets, and strengthens our position in Colorado."
Cory Azzalino, Chief Executive Officer of Eaze Inc., added, "Joining Vireo marks an exciting next chapter for Eaze. Our shareholders and teams share a common vision for building scaled, best-in-class operations, and together we are well positioned to elevate retail and delivery experiences for customers across each market we serve."
For more information:
Vireo
Email: [email protected]
vireohealth.com
