Vireo Health International (CSE: VREO) (OTCQX: VREOF) - Investor Dashboard


Vireo Health
CSE Ticker: VREO
OTCQX Ticker: VREOF
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees: > 400 (October 2019)
Established: 2012
CEO: Kyle Kingsley, M.D.

Summary

Fiscal Year-End: Dec 31
Auditor: Davidson & Company LLP
Exchanges: CSE, OTC
Sector: Healthcare
State with Operations: 9
Headquarters: Minneapolis, MN

Financials (06/30/20)

Cash on hand: $5.7 million
Fixed Investment: $13.4 million
Shareholders’ Equity: $71.1 million
Revenues – Last Quarter: $10.8 million
Adj. Gross Margin : 32.3%
EPS : -$0.08

Capital Structure (08/26/20)

Last Financing: 13.7 million units at C$0.77
As-converted Shares: 98.9 million
Warrants: 30.3 million
Options: 22.5 million
Diluted Shares: 153.2 million

 


Company Brief

Vireo Health International, Inc. (CSE: VREO) (OTCQX: VREOF) is an American leading science-focused, multi-state cannabis company. The Company has operations in nine states— Arizona, Maryland, Minnesota, Massachusetts, New Mexico, New York, Ohio, Pennsylvania, and Rhode Island —and Puerto Rico.

In 2020, the company is realigning its strategy to focus on near-term profitability in its six core medical markets: Arizona, Maryland, Minnesota, New Mexico, New York and Pennsylvania

Vireo’s physician-led team of more than 400 employees provides best-in-class cannabis products and customer experience. Vireo cultivates cannabis in environmentally-friendly greenhouses, manufactures pharmaceutical-grade cannabis extracts, and sells its products at both company-owned and third-party dispensaries.

Featured Video

Using Science to Enable Cannabis Substitution for Opioids, Tobacco and Alcohol.


Highlights

  • Early operations in Minnesota, where it is one of two providers, and New York, where it was one of the first five operators
  • Recently completed Arizona, Massachusetts, New Mexico, Nevada and Puerto Rico acquisitions
  • Vireo’s retail outlets are being transformed and rebranded to “Green Goods” dispensaries
  • To date, successfully raised $113 million in debt and equity financing to support its multi-state operations and growth plans
  • Product lines including: Vireo, Option Gels, 1937, and Lite Bud

Growth Strategy

  • Operating strategy to focus on near-term profitability in six core medical markets: Arizona, Maryland, Minnesota, New Mexico, New York and Pennsylvania
  • The company has an LOI for an acquisition in California
  • Entered the industrial hemp market and holds two hemp licenses through its wholly-owned subsidiaries
  • Wholesale platform through partnership with Leaf Trade
  • Its extensive intellectual property portfolio has been developed to build a durable long-term business model that differs from peers

Differentiators

  • Focused on transformative intellectual property ranging from novel product formulations, to agricultural scale cannabinoid production processes and equipment
  • Subsidiary Resurgent Biosciences to commercialize IP
  • Seven research partnerships and 13 patents-pending
  • Vireo plans to leverage its medical, scientific and operational expertise to efficiently expand its operation in existing markets and enter new markets
  • The company is focused on prudent capital allocation

Institutional Analyst Coverage

Graeme Kreindler, CPA, CA
Eight Capital

Matt Bottomley, CPA, CA, CBV
Canaccord Genuity Corp.


Curated Stories & News


Visit Vireo Health International, Inc.
at www.vireohealth.com.

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