Vireo Growth buys Palatka, Florida cultivation facility in US$60 million real estate financing

Bitget2026/10/05 11:30

Vireo Growth announced a US$ 60 million real estate financing tied to cultivation and production facilities in Johnstown, New York, and Palatka, Florida. Proceeds include about US$ 11 million to acquire the Palatka facility, a key asset supporting the company’s Green Dragon operations in Florida. The Palatka site was previously leased from Rainbow Palatka; that lease will be terminated and replaced with a lease to Green Dragon Florida. About US$ 49 million will refinance existing senior debt linked to an option to purchase the Johnstown facility. The loan carries 8.5% annual interest and matures on April 2, 2034, secured by first-priority mortgages on both properties. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vireo Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610050730PRIMZONEFULLFEED9839285) on October 05, 2026, and is solely responsible for the information contained therein.

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Vireo Growth announced a US$ 60 million real estate financing tied to cultivation and production facilities in Johnstown, New York, and Palatka, Florida.
Proceeds include about US$ 11 million to acquire the Palatka facility, a key asset supporting the company’s Green Dragon operations in Florida.
The Palatka site was previously leased from Rainbow Palatka; that lease will be terminated and replaced with a lease to Green Dragon Florida.
About US$ 49 million will refinance existing senior debt linked to an option to purchase the Johnstown facility.
The loan carries 8.5% annual interest and matures on April 2, 2034, secured by first-priority mortgages on both properties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vireo Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610050730PRIMZONEFULLFEED9839285) on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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路透社•2026/10/07 04:36