Goodness Growth Holdings, Inc. Enters into an Eighth Amendment to the Credit Facility
June 20, 2024 at 07:00 am EDT
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On June 14, 2024, Goodness Growth Holdings, Inc. entered into an Eighth Amendment to the Credit Facility by and among the Company and certain of its subsidiaries, the persons from time-to-time party thereto as guarantors, the lenders party thereto, and Chicago Atlantic Admin, LLC, as administrative and collateral agent (the ?Eighth Amendment?). The Eighth Amendment to the Credit Facility extends the maturity date on the Company?s delayed draw loans to July 31, 2024 under the Credit Facility.
Vireo Growth Inc., formerly Goodness Growth Holdings, Inc., is a cannabis company. The Company has operations in four markets in Maryland, Minnesota, New Mexico, and New York. The Company is science-focused and provides patients and adult-use customers with cannabis-based products. It cultivates and manufactures pharmaceutical-grade cannabis extracts and sells its products at both Company-owned and third-party dispensaries to qualifying patients and adult-use customers. It has developed proprietary cannabis strains, cultivation methods, carbon dioxide extraction, ethanol extraction, and other processes related to the production, refinement, and packaging of cannabis products. The Company manufactures, assembles, and packages cannabis finished goods across a range of product segments, including Inhalable, Ingestible, and Topicals. Its brands include Vireo Spectrum, Vireo Selects, 1937, Boundary Waters, Hi-Color, Kings and Queens, and various other flower and trim brands.