$VREO.CN

2 stories mentioning VREO.CN

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FLUENT's Interim CEO David E. Vautrin Steps Down; Matt Mundy Appointed as Interim CEO

FLUENT (FNT-U.CN) said Thursday that David E. Vautrin has stepped down as interim chief executive officer, effective June 12, 2026.The company appointed Matt Mundy, its chief legal officer, as interim chief executive officer effective June 12, 2026. Mundy has been "instrumental in advancing the proposed transaction" with Vireo Growth (VREO.CN) and will provide leadership continuity as the company progresses through this next phase, stated the company."On behalf of the Board and the entire FLUENT organization, I would like to thank David for his leadership and commitment during a pivotal period for the Company," said William Smith, Executive Chair of the Board of Directors of the Company. "Over the past year, FLUENT has successfully implemented many critical strategic initiatives, strengthened operational execution and entered into an arrangement agreement to be acquired by Vireo Growth Inc., subject to the terms and conditions contained therein. We are grateful for his service and contributions during this time with the Company."

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Mining & Metals21d ago

Vireo Growth to Buy Bridgewell Agribusiness LLC

Vireo Growth (VREO.CN) intends to enter into a securities purchase agreement with BWAB Holdings and certain other parties to buy all of the issued and outstanding membership interests of Bridgewell Agribusiness LLC, including certain of its units, it said on Monday.The Bridgewell deal could close any time following five business days following the date of this announcement, subject to some conditions, it said. The aggregate consideration for the Bridgewell transaction is based on a base purchase price of US$40 million, subject to adjustments for, among other things, about US$30 million of assumed indebtedness of Bridgewell that will remain outstanding following closing and the assumption of certain other transaction expenses, said the company.After giving effect to such adjustments, the estimated closing purchase price is expected to be about US$10.3 million, it said. In exchange for the issued and outstanding membership interests of Bridgewell, Vireo will issue an unsecured, subordinated convertible note to the seller in the amount equal to the closing purchase price, which will automatically convert on or after the second anniversary of closing into an estimated 16.6-million subordinate voting shares of Vireo at US$0.62 per consideration share, it added.Shares of Vireo Growth were last seen unchanged at $0.55 on the Canadian Securities Exchange.

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