Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 160

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 160
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 and Moelis. At such meeting, the Board received an update regarding certain market, retail, and cultivation diligence matters related to Proper and Wholesome, as well as to initial diligence findings related to Arches. Also on that day, the Company and Bill’s Nursery executed a non-binding (with certain exceptions) MOU. Binding portions of the MOU included Bill’s Nursery granting the Company an exclusivity period through November 30, 2024, as well as a mutual confidentiality obligation.

On October 23, 2024, a financial model due diligence call was held with the Company’s management, Moelis and Wholesome, during which the parties discussed the financial model with respect to the Company financials. Also on that day, the Company and Chicago Atlantic sent an incremental revised draft merger agreement to Deep Roots, implementing certain changes to the initial draft discussed among the parties and certain other changes discussed between the Company and Chicago Atlantic.

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On October 23 and 24, 2024, the Company’s management, Proper and Moelis held two diligence calls to further assess Proper’s retail operations and cultivation operations, respectively.

On October 29, 2024, the Board met. In attendance were members of the Company’s management, Dorsey and Moelis. At such meeting, the Board received an update regarding the transaction rationale and its pro forma implications, including benchmarking and strategic outlook.

On October 31, 2024, the Company’s management, Proper and Moelis held a market diligence call focused on the Missouri market and Proper’s operations. Also on that date, representatives of the Company sent Proper an initial draft merger agreement.

On November 1, 2024, the Company and Chicago Atlantic sent an initial draft merger agreement to Wholesome. Additionally, the Company’s management, Wholesome and Arches management and Moelis held a market diligence call focused on Utah’s cannabis market landscape.

On November 4 and 14, 2024, the Company’s management, Wholesome and Arches management, Dorsey, Polsinelli and Moelis held diligence calls, primarily focused upon litigation and similar matters.

On November 5, 2024, the Company’s management, Arches management, Dorsey, Polsinelli and Moelis conducted a call to assess the ownership structure of Arches and certain structuring considerations in the transactions. Also on that day, the Board met