Chicago Atlantic Ups Stake in Vireo Growth Inc.

TL;DR

Chicago Atlantic just filed an amendment to their 13D on Vireo Growth Inc. - looks like they're increasing their stake.

AI Summary

Chicago Atlantic Credit Opportunities, LLC, along with its affiliates, has amended its Schedule 13D filing regarding Vireo Growth Inc. as of July 2, 2024. The filing indicates a change in beneficial ownership, with the group now holding a significant stake in the company. Specific details on the exact percentage or number of shares acquired in this amendment are not explicitly stated in the provided text, but the filing signifies an active interest and potential influence over Vireo Growth Inc.

Why It Matters

This filing signals a notable shift in the ownership structure of Vireo Growth Inc., potentially impacting its strategic direction and future operations.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in control or strategy, which may introduce volatility.

Key Players & Entities

• Chicago Atlantic Credit Opportunities, LLC (company) — Filer of the Schedule 13D amendment
• Vireo Growth Inc. (company) — Subject company of the filing
• 20240702 (date) — Date of the filing

FAQ

Key Financial Figures

• $0.5384 — ivate placement at a price per share of $0.5384 for total consideration of $700,000 (th
• $700,000 — e of $0.5384 for total consideration of $700,000 (the “ Share Placement ”).
• $0.145 — nto the Shares at a conversion price of $0.145 per Share (for the initial $2 million a
• $2 million — ce of $0.145 per Share (for the initial $2 million advance) or the lesser of $0.145 or a 2

Filing Documents

• ea0208588-13da1chicago_good.htm (SC 13D/A) — 179KB
• ea020858801ex99-5_good.htm (EX-99.5) — 6KB
• ea020858801ex99-6_good.htm (EX-99.6) — 328KB
• 0001213900-24-058641.txt ( ) — 515KB

From the Filing

SC 13D/A 1 ea0208588-13da1chicago_good.htm AMENDMENT NO. 1 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1) Goodness Growth Holdings, Inc. (Name of Issuer) Subordinate Voting Shares (Title of Class of Securities) 38238W103 (CUSIP Number) John Mazarakis Chicago Atlantic Group, LP 420 North Wabash Avenue, Suite 500 Chicago, IL 60611 (302) 388-5305 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 20, 2024 (Date of Event Which Requires Filing of This If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following box (Continued on following pages) CUSIP NO. 38238W103 13D Page 2 1 NAMES OF REPORTING PERSONS CHICAGO ATLANTIC CREDIT OPPORTUNITIES, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) OO, AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 Subordinate Voting Shares 8 SHARED VOTING POWER 16,080,065 Subordinate Voting Shares 9 SOLE DISPOSITIVE POWER 0 Subordinate Voting Shares 10 SHARED DISPOSITIVE POWER 16,080,065 Subordinate Voting Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,080,065 Subordinate Voting Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7% of the Subordinate Voting Shares, assuming full exercise of warrants and convertible notes and otherwise as calculated as set forth in Item 5 below. 14 TYPE OF REPORTING PERSON (See Instructions) IV, OO CUSIP NO. 38238W103 13D Page 3 1 NAMES OF REPORTING PERSONS CHICAGO ATLANTIC ADVISERS, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 Subordinate Voting Shares 8 SHARED VOTING POWER 74,382,982 Subordinate Voting Shares 9 SOLE DISPOSITIVE POWER 0 Subordinate Voting Shares 10 SHARED DISPOSITIVE POWER 74,382,982 Subordinate Voting Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 74,382,982 Subordinate Voting Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 41.2% of the Subordinate Voting Shares, assuming full exercise of warrants and convertible notes and otherwise as calculated as set forth in Item 5 below. 14 TYPE OF REPORTING PERSON (See Instructions) IA, OO CUSIP NO. 38238W103 13D Page 4 1 NAMES OF REPORTING PERSONS CHICAGO ATLANTIC MANAGER, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 Subordinate Voting Shares 8 SHARED VOTING POWER 16,080,065 Subordinate Voting Shares 9 SOLE DISPOSITIVE POWER 0 Subordinate Voting Shares 10 SHARED DISPOSITIVE POWER 16,080,065 Subordinate Voting Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,080,065 Subordinate Voting Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7%, assuming full exercise of warrants and convertible notes and otherwise as calculated as set forth in Item 5 below. 14 TYPE OF REPORTING PERSON (See Instructions) OO CUSIP NO. 38238W103 13D Page 5 1 NAMES OF REPORTING PERSONS CHICAGO ATLANTIC GP HOLDINGS, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION NUMBER OF SHARES BENEFICIALLY OWNED BY

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View this SC 13D/A filing on SEC EDGAR