Vireo Q2 FY26 adjusted EBITDA climbs 212% to US $41.5 million; GAAP revenue rises 335.1% to US $209.3 million
Reuters2026/08/11 10:40- Vireo Growth Q2 2026 GAAP revenue rose to USD 209.3 million from a year earlier, driven by recently closed MA transactions.
- GAAP gross profit climbed to USD 95.3 million, lifting gross margin to 45.5% from 42.4% a year earlier.
- Net results swung to a GAAP loss of USD 0.1 million; GAAP operating loss widened to USD 6.3 million.
- Adjusted EBITDA (non-GAAP) increased to USD 41.5 million; margin narrowed to 19.8% from 27.7% a year earlier.
- Closed Hawthorne, Eaze, Bridgewell in Q2; later closed PharmaCann, announced Cannabist asset deal, Planet 13 merger, Ohio entry; cash USD 122.7 million.
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