Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 120

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 120
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ger Agreement regarding themselves and, as applicable, their respective subsidiaries that are subject, in some cases, to specified exceptions and qualifications contained in the Proper Merger Agreement (including “knowledge” and materiality qualifications and qualifications referring to dollar thresholds) and are further modified and limited by confidential disclosure schedules delivered by the Company to Proper (the “Company to Proper Disclosure Schedules”) and by Proper to the Company (the “Proper Disclosure Schedules”). Proper’s representations and warranties to the Company, Proper Merger Sub 1, and Proper Merger Sub 2 in the Proper Merger Agreement relate to, among other things:

| • | the organization, good standing and qualification of Proper, the Proper Companies, and their respective subsidiaries; |

| • | Proper’s and the Proper Companies’ corporate or company power and authority to execute and deliver the Proper Merger Agreement, perform their obligations thereunder and under the documents and agreements contemplated by the Proper Merger Agreement, and to consummate the Proper Transactions, and the enforceability and due execution and delivery of the Proper Merger Agreement and the documents and agreements contemplated by the Proper Merger Agreement; |

| • | the absence of conflicts with governing documents, applicable laws, and contracts; |

| • | the capitalization of the Proper Companies and their subsidiaries; |

| • | ownership of equity securities by the Proper Companies and their subsidiaries; |

| • | the financial statements of Proper; |

| • | the absence of certain undisclosed material liabilities; |

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| • | certain material contracts; |

| • | real property owned or leased; |

| • | the condition and sufficiency of assets; |

| • | ownership of, or rights with respect to, the intellectual property of Proper and its subsidiaries; |

| • | compliance with certain appliable data privacy laws; |

| • | the ownership and condition of inventory; |

| • | major customers and suppliers; |

| • | the absence of certain suits, claims, actions, proceedings, arbitrations, mediations or investigations; |

| • | the compliance with applicable laws and permits, licenses, exemptions, authorizations, franchises, programs, registrations, certifications, concessions, orders and approvals of governmental entities; |

| • | compliance with environmental laws and permits and other environmental matters; |

| • | compensation and benefits plans, agreements and arrangements with or concerning employees; |

| • | compliance with laws related to labor and employment; |

| • | the payment of taxes, the filing of tax returns and