Vireo agrees to buy Cannabist assets in five states for up to $35 million

Published Jul 20, 2026

Vireo Growth signed a definitive agreement to acquire Cannabist cultivation, manufacturing and retail assets across Colorado, Illinois, Massachusetts, New Jersey and West Virginia for up to $35 million, potentially adding 25 dispensaries and bringing its pro forma network to about 230 stores. The staged, regulator-dependent deal emerges from Cannabist’s CCAA and Chapter 15 restructuring, giving Oklahoma operators and vendors another concrete signal that distressed assets are consolidating into larger multistate platforms.