Form 4: Chicago Atlantic Entities Boost Stake in Vireo Growth Inc. with Recent Share Purchase

Chicago Atlantic Opportunity Portfolio, LP and its affiliated entities, significant shareholders and directors of Vireo Growth Inc., have increased their beneficial ownership through a recent purchase of subordinate voting shares.

Summary

• Chicago Atlantic Opportunity Portfolio, LP, a 10% owner and director of Vireo Growth Inc. (VREO), acquired an additional 5,000 subordinate voting shares.
• The shares were purchased on June 13, 2025, at a weighted average price of $0.4135 per share, with prices ranging from $0.4134 to $0.4135.
• Following this transaction, Chicago Atlantic Opportunity Portfolio, LP's indirect beneficial ownership stands at 33,237,968 subordinate voting shares, and direct beneficial ownership at 78,319,787 subordinate voting shares.
• Multiple Chicago Atlantic entities, including Chicago Atlantic Advisers, LLC, Chicago Atlantic Group GP, LLC, Chicago Atlantic Group, LP, Chicago Atlantic GP Holdings, LLC, Chicago Atlantic Manager, LLC, and Chicago Atlantic Opportunity GP, LLC, are also listed as 10% owners and directors, and may be deemed to exercise indirect beneficial ownership over the reported securities.

Sentiment

Score: 8

Explanation: The purchase of shares by a significant insider (10% owner and director) indicates strong confidence in the company's valuation and future prospects, which is a highly positive signal for investors.

Positives

• The purchase of additional shares by a 10% owner and director, Chicago Atlantic Opportunity Portfolio, LP, signals confidence in Vireo Growth Inc.'s future prospects.
• Insider buying can be interpreted as a positive indicator by the market, suggesting that those with intimate knowledge of the company believe its shares are undervalued or poised for growth.

Future Outlook

NA

Industry Context

This insider purchase by a significant investor and director in Vireo Growth Inc. suggests continued confidence in the company's position and prospects within its operating industry, which is typically the cannabis sector given Vireo's known business.

Related Party Transactions

• The reported transaction involves the purchase of shares by Chicago Atlantic Opportunity Portfolio, LP, a 10% owner and director of Vireo Growth Inc., making it a related party transaction.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive sign, potentially increasing investor confidence and demand for Vireo Growth Inc. shares.

Key Dates

Recommendation

Keywords

Vireo Growth Inc., VREO, Chicago Atlantic Opportunity Portfolio, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Purchase, Subordinate Voting Shares, Investment, Cannabis Industry