Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 23

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 23
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 conditions not to be satisfied and that has not been waived or cured within a certain period of time, and (iv) if the Proper Transactions have not been consummated on or before February 28, 2026.

In addition, the Company or Proper may terminate the Proper Merger Agreement in certain circumstances if the other party does not proceed to consummate the Proper Transactions in a timely fashion when certain conditions of each party to closing the Proper Merger are satisfied or waived.

For a fulsome list of the termination events set forth in the Proper Merger Agreement, see “Description of the Merger Agreements — Proper Mergers — Termination of the Proper Mergers.”

#### Termination Fees
Upon termination of the Proper Merger Agreement under specified circumstances, the Company, on the one hand, or Proper, on the other hand, will be required to pay the other party a termination fee of $4,631,012. For additional information regarding these termination fees, see “Description of the Merger Agreements — Proper Mergers — Termination Fees.”

**Regulatory Approvals Required for the Proper Mergers**

The Company expects that certain regulatory clearances or approvals will be required for the completion of the Proper Mergers and the other Proper Transactions, including approval from the Missouri Department of Health and Senior Services, Division of Cannabis Regulation (the “DHSS”) with respect to the Holdings Restructure (as defined in the Proper Agreement) and the approval of the Proper Merger Agreement by the CSE. We cannot assure you that any such regulatory clearances and approvals will be timely obtained, obtained at all, or that the granting of any such regulatory clearances and approvals will not involve the imposition of additional conditions on the completion of the Proper Mergers, including the requirement to divest assets, or require changes to the terms of the Proper Merger Agreement. These conditions or changes could result in the conditions to the Proper Mergers not being satisfied. For additional information on regulatory matters, see “Regulatory Approvals.”

#### Recommendation of the Board
The Board, after consideration and consultation with its legal and financial advisors (including consideration of the Moelis fairness opinion, which assessed the fairness, from a financial point of view, of the consideration to be paid in all of the Transactions, including the Bill’s Nursery Acquisition, as a whole, to the Company), (i) determined that the Merger Agreements and the transactions contemplated in each case thereby, including the Share Issuance, are fair