Company: VREOF
Filing Date: 2025-01-06
Form Type: 8-K/A
Source: 0001104659-25-001369
Chunk: 1

Company: Vireo Growth Inc.
Filing Date: 2025-01-06
Form: 8-K/A
Chunk 1
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1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨

<div align='center'>EXPLANATORY NOTE</div>

This Amendment to the Current Report on Form 8-K
filed by Vireo Growth Inc. (the “Company”) on December 23, 2024 (the “Original 8-K”) is being filed to disclose
the closing of the Equity Raise (as defined herein) first disclosed in the Original 8-K.

No other changes have been made to the disclosures
in the Original 8-K, which continue to be accurate as of the date of its filing.

| Item 1.01. | Entry into a Material Definitive Agreement |

Subscription Agreement

On December 17, 2024, the Company entered into definitive subscription
agreements (the “Subscription Agreements”) with certain investors to sell 120,000,000 subordinate voting shares of the Company
at a cash price of US$0.625 per subordinate voting share for total proceeds to the Company of US$75,000,000, with closing subject only
to applicable Canadian Stock Exchange notice periods (the “Equity Raise”). The securities are being sold in reliance upon
the exemptions from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”) provided by Section 4(a)(2) of
the Securities Act as a transaction not involving a public offering and Rule 506(b) of Regulation D promulgated under the Securities
Act.

The Subscription Agreements contain customary representations and warranties
and agreements of the Company and each investor and customary indemnification rights and obligations of the parties. The representations
and warranties of each party set forth in the Subscription Agreements have been made solely for the benefit of the other parties to the
subscription agreements, and such representations and warranties should not be relied on by any other person. Additionally, the Subscription
Agreement provides for a six-month lock-up period on the subordinate voting shares sold to each investor starting from the Closing Date
of the Equity Raise during which time the subordinate voting shares will not be transferable by the investor without the prior written
consent of the Company.

On December 31, 2024, the