Vireo Growth Inc. Completes Acquisition of Eaze Inc. and Amends Agreements

Vireo Growth Inc. announced the closing of its acquisition of Eaze Inc., a cannabis retailer and delivery platform, on April 1, 2026. This acquisition expands Vireo's operations to 10 states, adding 15 dispensaries in Colorado and a significant presence in California and Florida. The transaction involved the issuance of 90,379,591 subordinate voting shares as merger consideration. Vireo also amended its merger agreement with Eaze, adjusting earnout payment calculations and other terms. In a related development, John Mazarakis, CEO of Vireo, entered into a Second Amendment to his employment agreement, which includes an increase in his base salary under certain conditions and new equity awards tied to performance metrics. Additionally, Vireo's subsidiary, Vireo Health Inc., restructured its ownership in Vireo Health of New York LLC, with Ace Venture of NY LLC holding a 51% stake.