Buds & Duds: Vireo up on $37M subsidiary sale, Fire & Flower down on 1Q earnings results

The North American Marjiuana Index rose more than 2% to 99 points today

Vireo Health International Inc (CNSX: VREO) (OTCQX: VREOF) increased more than 9%. The Minneapolis-based company announced today it sold its equity in its subsidiary company, Pennsylvania Medical Solutions, for total consideration of $37 million to Jushi Holdings.

Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF) was down more than 4% in morning trading. The Canadian cannabis firm recently reported Q1 earnings where revenue rose 142% but costs rose 166% for the quarter, delivering a net loss of $12.7 million.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Benchmark Metals adds more experience to management team with hiring of VP...

Benchmark Metals (CVE: BNCH-OTCQB: BNCHF) President Jim Greig joined Steve Darling from Proactive to bring news the company has hired mining veteran Ian Harris as the company’s new Vice President of Engineering. Greig talks about what his main role will be as the company pushed towards a PEA...

44 minutes ago

2 min read