Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 38

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 38
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 additional “branch profits tax” at a 30% rate (or
lower applicable treaty rate). Gain described in the second bullet point above generally will be subject to a flat 30% U.S. federal income
tax. Non-U.S. Holders are urged to consult their own tax advisors regarding possible eligibility for benefits under income tax treaties
and the availability of U.S. source capital losses to offset gain described in the second bullet point.

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If the third bullet point above applies to a Non-U.S.
Holder, gain recognized by such holder on the sale, taxable exchange or other disposition of Subordinate Voting Shares will be subject
to tax at generally applicable U.S. federal income tax rates. In addition, a buyer of Subordinate Voting Shares from such holder may be
required to withhold U.S. income tax at a rate of 15% of the amount realized upon such disposition. The Company has not performed any
analysis to determine whether it is currently, or has ever been, a USRPHC. You are urged to consult your own tax advisors regarding the
application of these rules.

Information Reporting and Backup Withholding

Generally, the Company must report to the IRS
and to the Non-U.S. Holder the amount of dividends paid with respect to, and the proceeds from the sale or other disposition of, Subordinate
Voting Shares to such holder and the amount of tax, if any, withheld with respect to those payments or proceeds. Copies of the information
returns and any withholding may also be made available to the tax authorities in the country in which the Non-U.S. Holder resides under
the provisions of an applicable income tax treaty.

A Non-U.S. Holder may be subject to backup withholding
of tax on dividends paid, and, depending on the circumstances, the proceeds of a sale, exchange, redemption or other taxable disposition
unless the Non-U.S. Holder complies with certain certification requirements to establish that it is not a U.S. Person or it otherwise
establishes an exemption from backup withholding.

Backup withholding is not an additional tax. Any
amounts withheld under the backup withholding rules may be allowed as a refund or a credit against the Non-U.S. Holder’s U.S.
federal income tax liability, provided that the holder timely furnishes the required information to the IRS.

Foreign Account Tax Compliance Act

Under the Foreign Account Tax Compliance Act (“FATCA”),
a 30% withholding tax may apply to payments of dividends on stock