Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 206

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 206
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 on Form 10-K for the year ended December 31, 2024. Deep Roots Holdings, Inc. Deep Roots is one of the largest licensed vertically integrated operators in the recreational and medicinal cannabis industry in Nevada. Deep Roots Holdings, Inc. was incorporated in Nevada on February 16, 2023. Recreational marijuana, or adult-use cannabis, is legal marijuana sold in licensed dispensaries to adults ages 21 and older. Nevada has adopted legislation permitting the cultivation, processing, distribution and sale of adult-use cannabis products and medicinal cannabis products. Deep Roots is a vertically integrated business that has been cultivating, processing, manufacturing and distributing high-quality cannabis products since 2015. Deep Roots has five main dispensary locations in Nevada, which include Blue Diamond, West Wendover, Cheyenne, Mesquite, and North Las Vegas, along with other retail dispensaries throughout the state, which establishes Deep Roots as a cannabis leader in Nevada. Deep Roots’ products consist of flower, concentrates, vaporizers, edibles, pre rolls and CBD/tinctures. Deep Roots believes that its “Farm to Body” cannabis program grows and cultivate some of the cleanest cannabis in Nevada, which produces a unique experience for both its patients and recreational users. Specifically, Deep Roots cultivates and packages its cannabis in Mesquite, Nevada. Deep Roots’ team of highly experienced growers employs crop steering strategies to cultivate premium quality cannabis. Deep Roots holds a large market share in Nevada as it supplies its cannabis to more than 80% of the dispensaries in the state. Its extraction teams process 100% Nevada-grown and lab-tested cannabis, leveraging its extraction process to produce cannabis extracts that make a variety of cannabis products. In November 2024, Deep Roots acquired The Source, which added an additional cultivation facility and four retail dispensaries that enhanced Deep Roots’ leverage with third-party brands. Deep Roots also holds equity and debt investments in a retail chain in California, and a vertical operator in Ohio and Massachusetts. Deep Roots’ corporate office is located at 195 Willis Carrier Canyon, Mesquite, Nevada 89034, and the telephone number of its principal executive offices is (702) 345-2854. Deep Roots is a private company and its equity securities are not publicly traded. As of the Record Date, there were approximately 17 holders of record of Deep Roots’ common stock and approximately 0 holders of record of Deep Roots’ preferred stock. WholesomeCo, Inc. Wholesome is a complete plant-to-patient medicinal cannabis company in Utah.