"Near-term profitability has been impacted by the under absorption of overhead costs in early stage markets where revenues are just beginning, but we're anticipating performance improvement in the coming quarters, especially given the positive demand trends and patient enrollment growth we're experiencing across most of our operating footprint." In November, Vireo announced it has appointed Bruce Linton, the founder and former CEO of Canopy Growth Corporation CGC, as executive chairman, and Shaun Nugent as CFO. "With virtually no debt, we control our own destiny and our lean operations and disciplined approach to capital allocation provide us a clear path to profitability," Kingsley said.