Goodness Growth is a United States-based multi-state cannabis company with significant operations in three core markets of Maryland, Minnesota, and New York. We also previously operated in the New Mexico market, but, in June 2023, we sold our business operations in New Mexico. We are science-focused and dedicated to providing patients and adult-use customers with high quality cannabis-based products. We cultivate cannabis in environmentally friendly greenhouses, manufacture pharmaceutical-grade cannabis extracts, and sell our products at both Company-owned and third-party dispensaries to qualifying patients and adult-use customers. We currently serve thousands of customers each month.
Company profile
Ticker
VREO, VREOF
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Goodness Growth Holdings, Inc., Vireo Health International, Inc.
SEC CIK
Corporate docs
Subsidiaries
1776 Hemp, LLC • EHF Cultivation Management, LLC • Elephant Head Farm, LLC • MaryMed, LLC • Mayflower Botanicals Inc. • MJ Distributing C201, LLC • MJ Distributing P132, LLC • Resurgent Biosciences, Inc. • Retail Management Associates, LLC • Verdant Grove, LLC ...
Latest filings (excl ownership)
S-3
Shelf registration
24 Sep 24
D
$5.39 mm in equity, sold $5.39 mm, 14 investors
19 Aug 24
424B3
Prospectus supplement
6 Aug 24
10-Q
2024 Q2
Quarterly report
6 Aug 24
424B3
Prospectus supplement
6 Aug 24
8-K
Entry into a Material Definitive Agreement
6 Aug 24
424B3
Prospectus supplement
2 Jul 24
8-K
Amendments to Articles of Incorporation or Bylaws
1 Jul 24
424B3
Prospectus supplement
24 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
24 Jun 24
Latest ownership filings
4
Change in insider ownership
2 Aug 24
SC 13D/A
Chicago Atlantic Credit Opportunities, LLC
2 Jul 24
4
Change in insider ownership
21 Jun 24
4
Joshua Rosen
4 Jun 24
4
Amber Holly Shimpa
8 Jan 24
4/A
Amber Holly Shimpa
8 Jan 24
SC 13D
Kingsley Kyle Eugene
10 Aug 23
4
Kyle Eugene Kingsley
2 Aug 23
SC 13D
Chicago Atlantic Credit Opportunities, LLC
14 Jul 23
3
Initial statement of insider ownership
14 Jul 23
Financial summary
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Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 11.23 mm | 11.23 mm | 11.23 mm | 11.23 mm | 11.23 mm | 11.23 mm |
Cash burn (monthly) | 458.20 k | 9.73 k | (no burn) | (no burn) | 3.18 k | 363.92 |
Cash used (since last report) | 1.33 mm | 28.24 k | n/a | n/a | 9.23 k | 1.06 k |
Cash remaining | 9.90 mm | 11.20 mm | n/a | n/a | 11.22 mm | 11.23 mm |
Runway (months of cash) | 21.6 | 1151.1 | n/a | n/a | 3527.6 | 30853.9 |
Institutional ownership, Q1 2024
30.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 5 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 11.53 mm |
Total shares | 32.44 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Kyle Eugene Kingsley | 11.98 mm | $1.76 mm |
Chicago Atlantic Credit Opportunities | 7.08 mm | $778.00 k |
Barnard Robert James | 4.69 mm | $516.00 k |
Dumont Master Fund | 4.55 mm | $7.82 mm |
Cowen Financial Products | 4.14 mm | $662.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Jul 24 | Chicago Atlantic Credit Opportunities | Subordinate Voting Shares | Conversion | Acquire C | Yes | No | 0.145 | 15,834,993 | 2.30 mm | 15,845,889 |
31 Jul 24 | Chicago Atlantic Credit Opportunities | Subordinate Voting Shares | Conversion | Acquire C | No | No | 0.145 | 57,181,068 | 8.29 mm | 78,122,379 |
31 Jul 24 | Chicago Atlantic Credit Opportunities | Subordinate Voting Shares | Other | Acquire J | Yes | No | 0 | 9,758 | 0.00 | 10,896 |
31 Jul 24 | Chicago Atlantic Credit Opportunities | Subordinate Voting Shares | Other | Acquire J | No | No | 0 | 8,981,727 | 0.00 | 20,941,311 |
14 Jun 24 | Chicago Atlantic Credit Opportunities | Subordinate Voting Shares | Buy | Acquire P | Yes | No | 0.5384 | 1,300,078 | 699.96 k | 1,301,216 |
31 May 24 | Joshua Rosen | Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 121,625 | 0.00 | 204,462 |
21 Dec 23 | Amber Holly Shimpa | Option Subordinate Voting Shares | Grant | Acquire A | No | No | 0.25 | 750,000 | 187.50 k | 1,320,787 |
31 Jul 23 | Kyle Eugene Kingsley | Subordinate Voting Shares | Conversion | Acquire C | No | No | 0 | 6,541,100 | 0.00 | 6,541,100 |
31 Jul 23 | Kyle Eugene Kingsley | Super Voting Shares Subordinate Voting Shares | Conversion | Dispose C | No | No | 0 | 65,411 | 0.00 | 0 |