Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 182

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 182
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o or the Targets of the Transactions, the effect on Vireo or the Targets of any business or strategic decision or action that has been or will be taken as a result of the Merger Agreements having been executed, or the effect of any business or strategic decisions or actions, which would likely have been taken if the Merger Agreements had not been executed, but which were instead altered, accelerated, postponed, or not taken in anticipation of the Transactions. Further, the Forecasted Financial Information does not take into account the effect on Vireo or the Targets of any possible failure of the Transactions to occur, including that the exclusivity period under the Bill’s Nursery MOU has expired and a definitive agreement relating to the Bill’s Nursery Acquisition has not been executed (and may not be executed in the future). The inclusion of the Forecasted Financial Information herein should not be deemed an admission or representation by Vireo, its advisors, or any other person that it is viewed as material information of Vireo or the Targets, particularly in light of the inherent risks and uncertainties associated with such forecasts. The summary of the Forecasted Financial Information included below is being provided solely because it was made available to the Board and Moelis in connection with the Transactions.

This information includes non-GAAP financial measures. The SEC rules, which would otherwise require a reconciliation of a non-GAAP financial measure to a GAAP financial measure, do not apply to non-GAAP financial measures provided to Moelis or to the Board in connection with proposed business combinations like the Transactions if the disclosure is included in a document like this Information Statement. Please see the tables below for a description of how non-GAAP financial measures are defined. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in accordance with GAAP, and non-GAAP financial measures used by Vireo or the Targets may not be comparable to similarly titled measures used by other companies.

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TABLE OF CONTENTS

Vireo Standalone Projections The following is a summary of the Vireo Standalone Projections (amounts may reflect rounding). These projections exclude the operations of Vireo’s New York assets.

| ($ in millions) |     | Fiscal Year Ending December 31, 
                           2024E |     | 2025E |     | 2026E |
|:----------------|:----|--------------------------------:|:----|------:|:----|------