Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 129

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 129
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 Proper Merger Sub 2, and Proper and the Proper Companies, as applicable, to consummate the Proper Mergers are subject to the satisfaction or waiver of certain conditions, including the following:

| • | the approval of an ordinary resolution approving the business combination transaction with Proper and/or related change of control of the Company, as applicable, pursuant to applicable policies of the CSE (i) in the case of a meeting of shareholders, by at least 50% of the votes cast at a special meeting of shareholders of the Company by the holders of the Subordinate Voting Shares and Multiple Voting Shares represented in person or by proxy and entitled to vote at such meeting or (ii) in the case of action by written consent of the shareholders of the Company, by at least 50% of the Company’s outstanding voting power (the “Proper Company Shareholder Approval”), has been obtained; |

| • | the consummation of the Proper Mergers not being made illegal or otherwise restrained or prohibited by any law, order, or action of any governmental authority of competent jurisdiction; |

| • | the Company having closed an equity investment in the Company from various investors in an aggregate amount at least equal to $75,000,000; and |

| • | certain regulatory consents in Missouri having been obtained. |

The obligations of the Company, Proper Merger Sub 1, and Proper Merger Sub 2 to consummate the Proper Mergers are subject to the satisfaction or waiver of certain additional conditions, including the following:

| • | the accuracy of certain representations and warranties of Proper and the Proper Companies in the Proper Merger Agreement to be true and correct in all respects, subject to materiality qualifiers (or, with respect to such representations and warranties that are not subject to materiality qualifiers, in all material respects), or, in the case of Proper’s (and the Proper Companies’) organization and authority, capitalization, financial statement, and broker fee representations and warranties, other than for anyde minimisinaccuracies, as of the date of the Proper Merger Agreement and as of Proper Closing Date, or, as applicable, the date in respect of which such representation or warranty was specifically made; |

| • | Proper and the Proper Companies having performed in all material respects their obligations under the Proper Merger Agreement on or prior to the Proper Closing Date; |

| • | certain licenses of the Proper Companies and their subsidiaries and Proper and certain of its subsidiaries being valid and in full force and effect; |

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