Key Takeaways
- Goodness Growth Holdings changes its name to Vireo Growth Inc.
- New ticker symbols: "VREO" on CSE and "VREOF" on OTCQX Market.
- Trading under the new name begins on July 8, 2024.
- No action is required from shareholders due to the name change.
Rebranding and New Ticker Symbols
Goodness Growth Holdings, Inc. announced in a news release its rebranding to Vireo Growth Inc. The company’s subordinate voting shares will start trading under the new ticker symbols "VREO" on the Canadian Securities Exchange (CSE) and "VREOF" on the OTCQX Market in the United States on July 8, 2024.
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This follows the official name change on June 25, 2024.
The company confirmed that this change will not affect shareholder rights. There will be no capital consolidation, and shareholders do not need to take any action. Existing certificates representing shares will remain valid and unchanged.
Leadership's Perspective
Josh Rosen, CEO of Vireo Growth Inc., explained that the name change marks a return to the company’s roots in the cannabis sector. Rosen stated in the release, "Our name change to Vireo reflects a return to our roots and focus as a cannabis industry operator."
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Company Background
Founded in 2014, Vireo Growth Inc. (formerly Goodness Growth Holdings, Inc.) is a pioneer in the medical cannabis industry.
The company focuses on serving its customers, employees, shareholders, industry collaborators, and communities. It prioritizes empowering local market leaders and making strategic allocations of capital and human resources.
[Image via Vireo Growth Inc.]