Vireo Growth buys New York cannabis facility for US$88.5 million from Innovative Industrial Properties

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  • Vireo Growth exercised its purchase option to buy its 389,000-square-foot Johnstown, New York cannabis facility for USD 88.5 million.
  • Innovative Industrial Properties unit IIP-NY 2 provided USD 49 million of seller financing via a Seller Note at 15%, maturing May 25, 2027.
  • Chicago Atlantic Financial Services funded the remaining USD 41 million through a loan secured by a second-priority mortgage, subordinate to the Seller Note.


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: 202605262143PRIMZONEFULLFEED9727089) on May 27, 2026, and is solely responsible for the information contained therein.

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