VREOF - Vireo Health International receives much-awaited cannabis licenses in Nevada

Vireo Health International ([[VREOF]] +8.2%) closes the purchase of four medical cannabis licenses in the state of Nevada, for the transaction disclosed back in March 2019.The licenses are approved for both medical and adult-use cannabis and will enable Vireo to begin cultivating, manufacturing, and wholesaling cannabis products to Nevada's licensed dispensary operators."The existing 4,950 square feet structure is ready to begin production in the near future, and we expect to begin development of up to ten acres of additional indoor and outdoor cultivation over the course of the next year which will enable us to serve the Nevada market as a low-cost supplier of premium products," says Chairman and CEO Dr. Kyle Kingsley.Now Read: Cannabis price targets lifted by Echelon Capital off new regulatory outlook

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Vireo Health International receives much-awaited cannabis licenses in Nevada