Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 72

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 72
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 parties.

The Investor Rights Agreement will, among other things, include certain registration rights with respect to the Subordinate Voting Shares received by Deep Roots stockholders. These registration rights will obligate the Company to prepare and file with the SEC a registration statement upon the expiration of 12 months after the Deep Roots Closing to cover the resale of the Subordinate Voting Shares received by the Deep Roots stockholders pursuant to the Deep Roots Merger Agreement to the extent that the holders of such Subordinate Voting Shares cannot resell such Subordinate Voting Shares under Rule 144 of the Securities Act. In the event that the Company becomes aware prior to the expiration of such 12-month period that a holder of such Subordinate Voting Shares would not qualify under Rule 144 of the Securities Act to be able to sell such Subordinate Voting Shares, the Company is required to use commercially reasonable efforts to prepare and file a registration statement prior to the expiration of such 12-month period. In addition, if the Company has not filed an initial registration statement within 270 days following the Deep Roots Closing, and the Stockholder Representative delivers to the Company a written demand signed by the holders of at least 50% of the Subordinate Voting Shares issued by the Company at the Deep Roots Closing within three months following such 270 day period, then the Company is required to use its reasonable best efforts to prepare and file an initial registration statement with the SEC. The Investor Rights Agreement will also include certain piggyback registration rights to the Deep Roots stockholders in the event that the Company proposes to register certain offers and sales of Subordinate Voting Shares under the Securities Act after the Deep Roots Closing.

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TABLE OF CONTENTS

Wholesome Merger The following summarizes the material terms of the Wholesome Merger pursuant to the Wholesome Merger Agreement. Parties Involved in the Wholesome Merger Vireo Growth Inc. For a brief description of the Company, see “Summary of Mergers — Deep Roots Merger — Parties Involved in the Deep Roots Merger — Vireo Growth Inc.” above. For additional information about Vireo, see “Information About the Parties to the Mergers — Vireo Growth Inc.” starting on page 99. WholesomeCo, Inc. Wholesome is a private Delaware corporation incorporated on June 15, 2020. Wholesome is an operator in Utah’s medical market, fueled by a large delivery operation with just one single retail dispensary. Wh