On April 29, 2026, Vireo Growth Inc., a multi-state cannabis operator, and FLUENT Corp., a vertically-integrated, multi-state cannabis company, entered into a definitive arrangement agreement pursuant to which Vireo will acquire all of the issued and outstanding common shares of FLUENT in exchange for Vireo shares. Pursuant to the arrangement agreement, each shareholder of FLUENT will receive 0.0705359 of a subordinate voting share of Vireo in exchange for each FLUENT share held.
In connection with the transaction, FLUENT and its senior secured lenders agreed to equitize US$30 million of outstanding indebtedness.
Cassels is acting as counsel to Fluent.