Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 24

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 24
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 holders of the shares of each of the said classes.

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Redemption Rights. The Company is, subject
to certain conditions, entitled to redeem Subordinate Voting Shares, Multiple Voting Shares or Super Voting Shares, as applicable, held
by certain shareholders in order to permit the Company to comply with applicable licensing regulations. These redemption rights are applicable
to each class of shares in the Company.

The purpose of the redemption right is to provide
the Company with a means of protecting itself from having a shareholder (or a group of persons who the Board of Directors reasonably believes
are acting jointly or in concert) (an “Unsuitable Person”) with an ownership interest of, whether of record or beneficially
(or having the power to exercise control or direction over), five percent (5%) or more of the issued and outstanding Company Shares (calculated
on as-converted to Subordinate Voting Shares basis), who a governmental authority granting licenses to the Company (including to any subsidiary)
has determined to be unsuitable to own shares, or whose ownership of Shares may result in the loss, suspension or revocation (or similar
action) with respect to any licenses relating to the conduct of the Company’s business relating to the cultivation, processing and
dispensing of cannabis and cannabis-derived products in the United States or in the Company being unable to obtain any new licenses in
the normal course, including, but not limited to, as a result of such person’s failure to apply for a suitability review from or
to otherwise fail to comply with the requirements of a governmental authority, as determined by the Board of Directors in its sole discretion
after consultation with legal counsel and, if a license application has been filed, after consultation with the applicable governmental
authority.

Pursuant to the Articles, the Company has a right,
but not the obligation, at its option, to redeem Subordinate Voting Shares held by an Unsuitable Person at a redemption price per share,
unless otherwise required by any governmental authority, equal to the Unsuitable Person Redemption Price (as defined below).

A redemption notice may be delivered by the Company
to any Unsuitable Person setting forth: (i) the redemption date, (ii) the number of Shares to be redeemed, (iii) the formula
pursuant to which the redemption price will be determined and the manner of payment therefor, (iv) the place where such Shares (or
certificate thereto, as applicable) will be surrendered for payment, duly endorsed in blank or