Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 3

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 3
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 or amendment carefully before you invest in our Subordinate Voting Shares.

Our Subordinate Voting Shares are listed on the
Canadian Securities Exchange (the “CSE “) under the symbol “VREO” and on the OTCQX under the symbol “VREOF.”
On December 8, 2025, the closing sale price of our Subordinate Voting Shares as reported on the CSE was C$0.65 and the closing
sale price of our Subordinate Voting Shares on the OTCQX was $0.45.

We are an “emerging growth company”
as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), and, as such,
have elected to comply with certain reduced disclosure and regulatory requirements.

Our business and investing in our securities involves a high degree of risk. See “ Risk Factors” beginning on page 15 of this prospectus and in the other documents that are incorporated by reference in this prospectus.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>This prospectus is dated , 2025

TABLE OF CONTENTS</div>

| ABOUT THIS PROSPECTUS                                   |    1 |
| IMPLICATIONS OF BEING AN EMERGING GROWTH COMPANY        |    2 |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS    |    3 |
| SUMMARY                                                 |    5 |
| THE OFFERING                                            |   14 |
| RISK FACTORS                                            |   15 |
| USE OF PROCEEDS                                         |   16 |
| DESCRIPTION OF CAPITAL STOCK                            |   17 |
| CERTAIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS      |   21 |
| CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS |   22 |
| SELLING SECURITYHOLDERS                                 |   26 |
| PLAN OF DISTRIBUTION                                    |   29 |
| LEGAL MATTERS                                           |   31 |
| EXPERTS                                                 |   31 |
| WHERE YOU CAN FIND MORE INFORMATION                     |   31 |
| INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE         |   32 |
| ENFORCEMENT OF CIVIL LIABILITES                         |   32 |
|