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Including the Company's pro-rata share of joint venture cash and debt of $4.5 million, respectively, results in a third quarter 2022 netdebt to annualized adjusted EBITDA ratio of 7.0x. million of undrawn forward equity, the netdebt to annualized adjusted EBITDA ratio would be 6.0x.
Enhancing Financial Profile: Expected to be immediately accretive to adjusted net earnings per share 3 with significant further opportunities for Adjusted EBITDA margin 3 enhancement and revenue and cost synergies. Preparing for the Future: Financing package includes equity raise to preserve flexibility for future growth.
Vireo estimates proforma revenue and EBITDA of the combined company of approximately $394 million and $94 million, respectively, for calendar year 2024. The Company also announced that John Mazarakis, co-founder at Chicago Atlantic, has been appointed to the role of CEO and Co-Executive Chairman, effective immediately.
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