Goodness Growth Holdings

Minneapolis, United States Founded: 2021 • Age: 5 yrs Acquired By Verano
Retailer of cannabis products

About Goodness Growth Holdings

Goodness Growth Holdings is a company based in Minneapolis (United States) founded in 2021 was acquired by Verano in February 2022.. Goodness Growth Holdings offers products and services including Retail Dispensaries, Vireo Spectrum, Moonlight Gel Capsules, and Boundary Waters. Goodness Growth Holdings operates in a competitive market with competitors including Auxly, Cresco Labs, TerrAscend, Sweet Flower and Northeast Alternatives, among others.

  • Headquarter Minneapolis, United States
  • Stage Public
  • Sectors
    Consumer
  • Phone
    *********
  • Website
    *********
  • Legal Name Goodness Growth Holdings, Inc.
Operational Areas
Consumer → Tobacco, Cannabis & Alternative Products
Key Metrics
  • Annual Revenue
    $88.13 M
    18
    as on Dec 31, 2023
  • Net Profit
    $-25.55 M
    40
    as on Dec 31, 2023
  • EBITDA
    $11.05 M
    276
    as on Dec 31, 2023
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Verano

    (Feb 01, 2022)

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IPO & Listings of Goodness Growth Holdings

Goodness Growth Holdings is a publicly listed company on the CSE with ticker symbol VREO in Canada, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: CSE · Ticker: VREO . Sector: Process industries · Canada

Products & Services of Goodness Growth Holdings

Goodness Growth Holdings offers a comprehensive portfolio of products and services, including Retail Dispensaries, Vireo Spectrum, Moonlight Gel Capsules, and Boundary Waters. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Physical stores for purchasing cannabis products and accessories.

Range of cannabis products tailored to consumer preferences.

Capsules designed to aid sleep and wellness needs.

Cannabis items focused on quality and user experiences.

Funding Insights of Goodness Growth Holdings

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Goodness Growth Holdings

Goodness Growth Holdings has secured backing from 1 investor. Prominent investors backing the company include Verano. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Cannabis products for health and wellbeing are developed and provided.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Goodness Growth Holdings

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Goodness Growth Holdings

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Goodness Growth Holdings Comparisons

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Competitors of Goodness Growth Holdings

Goodness Growth Holdings operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Auxly, Cresco Labs, TerrAscend, Sweet Flower and Northeast Alternatives, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Platform for managing cannabis manufacturing operations is provided.
domain founded_year HQ Location
Retailer of cannabis based products
domain founded_year HQ Location
Cannabis dispensaries are operated and medical products are retailed.
domain founded_year HQ Location
Provider of an E-commerce platform for cannabis products
domain founded_year HQ Location
Cannabis products are retailed through dispensary operations.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Goodness Growth Holdings

Frequently Asked Questions about Goodness Growth Holdings

When was Goodness Growth Holdings founded?

Goodness Growth Holdings was founded in 2021.

Where is Goodness Growth Holdings located?

Goodness Growth Holdings is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.

What is the annual revenue of Goodness Growth Holdings?

Annual revenue of Goodness Growth Holdings is $88.13M as on Dec 31, 2023.

What does Goodness Growth Holdings do?

Goodness Growth Holdings was founded in 2021 and is based in Minneapolis, United States. Operations are centered on the cannabis sector, where retail services for various cannabis products are provided. Distribution and sales occur through established channels to meet consumer demand in regulated markets. The focus remains on compliance within the United States legal framework for cannabis retail, supporting access to approved products across targeted geographies.

Who are the top competitors of Goodness Growth Holdings?

Goodness Growth Holdings's top competitors include Auxly, TerrAscend and Cresco Labs.

What products or services does Goodness Growth Holdings offer?

Goodness Growth Holdings offers Retail Dispensaries, Vireo Spectrum, Moonlight Gel Capsules, and Boundary Waters.

Is Goodness Growth Holdings publicly traded?

Yes, Goodness Growth Holdings is publicly traded on CSE under the ticker symbol VREO.

Who are Goodness Growth Holdings's investors?

Goodness Growth Holdings has 1 investor. Key investors include Verano.

What is Goodness Growth Holdings's ticker symbol?

The ticker symbol of Goodness Growth Holdings is VREO on CSE.

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