Company: VREOF
Filing Date: 2025-07-24
Form Type: 424B3
Source: 0001104659-25-070426
Chunk: 7

Company: Vireo Growth Inc.
Filing Date: 2025-07-24
Form: 424B3
Chunk 7
---
 officers, and employees may result in substantial 
 expenditures by us and may discourage lawsuits against our directors, officers, and employees.                                          |

| · | There is doubt as to the ability to enforce judgments in Canada or under Canadian law against U.S. subsidiaries, 
 assets, and experts.                                                                                             |

| · | Additional issuances of Subordinate Voting Shares, or securities convertible into Subordinate Voting Shares, 
 may result in dilution.                                                                                      |

| · | The market price for the Subordinate Voting Shares may continue to be volatile. |

| · | An investor may face liquidity risks with an investment in our Subordinate Voting Shares. |

| · | We do not intend to pay dividends on our Subordinate Voting Shares and, consequently, the ability of investors              
 to achieve a return on their investment will depend entirely on appreciation in the price of our Subordinate Voting Shares. |

| · | We are subject to Canadian and United States tax on our worldwide income. |

| · | Changes in tax laws may affect the Company and holders of Subordinate Voting Shares. |

These and other factors that could cause actual
results to differ from those implied by the forward-looking statements in this prospectus are more fully described under the heading “Item 1A. Risk Factors” in our most recently filed Annual Report on Form 10-K (the “Annual Report”), under
the heading “Risk Factors” in our definitive information statement on Schedule 14C and in our other filings with the
SEC. The risks described under the heading “Item 1A. Risk Factors” in our most recently filed Annual Report are not
exhaustive. New risk factors emerge from time to time and it is not possible to predict all such risk factors, nor can we assess the impact
of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ
materially from those contained in any forward-looking statements. All forward-looking statements attributable to us or persons acting
on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.

<div align='center'>4

SUMMARY</div>

Background

Vireo Growth Inc.
is a reporting issuer in Canada, with its securities listed for trading on the CSE under the symbol “VREO” and on the OTCQX
under the symbol “VREOF”. Vireo Growth is a cannabis company whose mission is to provide safe access, quality products and
value to its customers while supporting its local