Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 367

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 367
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 interest rate       |     |  4.48% |
| Weighted average expected life (in years)      |     |   1.00 |

The following sets forth the outstanding common stock options and related activity for the year ended December 31, 2024:

| Outstanding as of January 1, 2024   |     | Number of 
   Options 
         — |     |         Weighted 
 Average Exercise 
  Price Per Share 
                — |
|:------------------------------------|:----|----------:|:----|-----------------:|
| Granted                             |     | 7,397,864 |     |            $0.20 |
| Outstanding as of December 31, 2024 |     | 7,397,864 |     |            $0.20 |

B-37

TABLE OF CONTENTS

The following summarizes information about stock options outstanding as of December 31, 2024:

| Exercise Price |     |   Number of 
     Options 
 Outstanding |     |     Weighted 
      Average 
    Remaining 
  Contractual 
 Life (Years) |     | Weighted 
  Average 
 Exercise 
    Price |     |      Number 
  of Options 
 Exercisable |     | Weighted 
  Average 
 Exercise 
    Price |
| $0.20          |     |   7,397,864 |     |         1.44 |     |    $0.20 |     |   2,053,876 |     |    $0.20 |

As of December 31, 2024, the aggregate intrinsic value of options outstanding and options exercisable was $0 and $0, respectively. 8. Commitments and Contingencies Legal Matters The Company is involved in legal proceedings from time to time arising in the normal course of business. Management, after consultation with legal counsel, believes that the outcome of these proceedings will not have a material impact on the Company’s financial position, results of operations, or liquidity. Operating Leases The Company leases its facilities under operating leases. The Company performed evaluations of its contracts and determined its identified leases are operating leases. The weighted average remaining lease terms and interest rates were as follows as of December 31:

| Lease Term and Discount Rate                  |     |  2024 |     |  2023 |
| Weighted average remaining lease term (years) |     |       |     |       |
| Operating leases                              |     |  9.