M&A Deal · 30 Apr 2026
Vireo
Acquirer
F
FLUENT
Target
All-Stock + Debt
Deal value
All-Stock Acquisition + $30m Debt-for-Stock
Type
US
Region
Announced
Status
Announced
Completed
Exchange ratio of 0.0705359 Vireo shares per FLUENT share, plus $30m of FLUENT debt converted to stock. Combined platform: ~74 Florida retail locations, ~144,000 sq ft of cultivation. FLUENT reported ~$71.5m Florida revenue in 2025. Would make Vireo Florida's third-largest operator.
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