Chicago Atlantic and Lineage Merchant Partners Declares Transformative Merger Agreements In The Cannabis Industry

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is among the 12 Best Marijuana Stocks to Buy According to Analysts. Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) and Lineage Merchant Partners declared that Vireo Growth Inc. (CSE: VREO), of which Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is the majority shareholder, has signed definitive merger agreements with Proper Cannabis (Missouri), Deep Roots Harvest (Nevada), and WholesomeCo Cannabis (Utah). It includes the acquisition of Arches, their analytics, and their distribution platform.

The merged company will have 48 dispensaries, nine cultivation facilities, and 1,043,500 square feet of production and manufacturing space spread throughout seven states upon completion. Vireo valued the deals at about $397 million and also announced a $75 million equity offering at $0.625 per share. The December 2024 agreement places Vireo as a key player in a cannabis business that is consolidating and substantially expanding its reach and profitability. It is one of the Best Marijuana Stocks.

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