ACE Venture Enterprises, Inc. to acquire Vireo Health of New York from Goodness Growth Holdings
Acquiring Company
ACE Venture Enterprises, Inc.
Acquired Company
Vireo Health
New YorkMinneapolisSolarManufacturingDescription
ACE Venture Enterprises, Inc., a minority-owned business, has announced a planned acquisition of Vireo Health of New York from Goodness Growth Holdings to expedite its entry into the New York cannabis market. The terms of the acquisition include a purchase price of between $3 to $5 million, an investment of $20 million for the development of the Johnstown cultivation and manufacturing campus, and assumption of the IIP lease. The acquisition is subject to secured capital commitments and regulatory approval.
Quick answer
ACE Venture Enterprises, Inc. is acquiring Vireo Health, announced April 1, 2024. ACE Venture Enterprises, Inc. is based in New York, New York, United States.
- How much did ACE Venture Enterprises, Inc. pay for Vireo Health?
- The deal value was not disclosed.
- What does ACE Venture Enterprises, Inc. do?
- ACE Venture Enterprises, Inc., a minority-owned business led by Steven Acevedo and Art Isagholian, aims to accelerate its entry into the New York cannabis market by acquiring Vireo Health of New York from Goodness..
- Where are ACE Venture Enterprises, Inc. and Vireo Health based?
- ACE Venture Enterprises, Inc. is based in New York, New York, United States. Vireo Health is based in Minneapolis, Minnesota, United States.
Source: Fundz verified event record.
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Who to call at ACE Venture Enterprises, Inc., and when
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Frequently asked
Who acquired Vireo Health?
Vireo Health was acquired by ACE Venture Enterprises, Inc., based in New York. The deal was reported on April 1, 2024. ACE Venture Enterprises, Inc. is privately held and operates in Solar.
When did ACE Venture Enterprises, Inc. acquire Vireo Health?
ACE Venture Enterprises, Inc.'s acquisition of Vireo Health was reported on April 1, 2024. ACE Venture Enterprises, Inc., a minority-owned business, has announced a planned acquisition of Vireo Health of New York from Goodness Growth Holdings to expedite its entry into the New York cannabis market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Vireo Health do?
Vireo Health is a diversified multi-state operator in the cannabis industry. Initially focused on medical cannabis, it has expanded into cultivation, manufacturing, and retail. It is privately held, operating in Manufacturing, and is based in Minneapolis.
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