Company: VREOF
Filing Date: 2025-07-15
Form Type: S-3
Source: 0001104659-25-068137
Chunk: 5

Company: Vireo Growth Inc.
Filing Date: 2025-07-15
Form: S-3
Chunk 5
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 amendment or any prospectus supplement may
involve estimates, assumptions and other risks and uncertainties and are subject to change based on various factors, including those discussed
under the heading “Risk Factors” included herein and contained in our filings incorporated herein by reference, and
any applicable prospectus supplement. Accordingly, investors should not place undue reliance on this information. Nevertheless, we are
ultimately responsible for all disclosure in this prospectus.

This prospectus contains summaries of certain
provisions contained in some of the documents described herein, but reference is made to the actual documents for complete information.
All of the summaries are qualified in their entirety by the actual documents. Copies of some of the documents referred to herein have
been filed, will be filed or will be incorporated by reference as exhibits to the registration statement of which this prospectus is a
part, and you may obtain copies of those documents as described below under “Where You Can Find More Information” and
“Incorporation of Certain Documents by Reference.”

Unless otherwise indicated, all references to
“$” or “US$” in this registration statement/prospectus refer to U.S. dollars, and all references to “C$”
refer to Canadian dollars.

This prospectus and any document incorporated
by reference to this prospectus may contains references to trademarks, trade names and service marks of Vireo Growth. Solely for convenience,
trademarks, trade names and service marks referred to in this prospectus and any document incorporated by reference to this prospectus,
including logos, artwork and other visual displays may appear without the ®, TM or SM symbols, but such references are not intended
to indicate, in any way, that Vireo Growth will not assert, to the fullest extent under applicable law, its rights thereto.

Unless the context indicates otherwise, references
in this prospectus to the “Company,” “Vireo Growth,” “we,” “us,” “our,” and
similar terms refer to Vireo Growth Inc. and its consolidated subsidiaries.

<div align='center'>1

IMPLICATIONS OF
BEING AN EMERGING GROWTH COMPANY</div>

As a company with less than $1.235 billion
in revenue during our most recently completed fiscal year, we qualify as an “emerging growth company” as defined in Section 2(a) of
the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). As an emerging
growth company, we