Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 234

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 234
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223 of additional

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TABLE OF CONTENTS

acquired intangible assets (excluding the cannabis licenses) and goodwill. Goodwill represents the excess purchase price over fair value of identifiable net assets acquired, pursuant to the preliminary purchase price allocation. Goodwill will be tested for impairment at least annually or more frequently if certain indicators are present. In the event that the value of goodwill or other intangible assets become impaired in the future, an accounting charge for impairment would be recognized during the period in which the determination was made. The purchase price has been allocated to the tangible and identifiable intangible assets and liabilities based on the respective estimated fair values and will be finalized upon the closing of the Deep Roots Merger. The excess of the purchase price over the net tangible and identifiable intangible assets has been recorded as goodwill. Goodwill represents potential revenue synergies related to new product development, various expense synergies and opportunities to enter new markets, and is assigned to the Company’s cultivation, production, and sale of cannabis business segment. Note 5. Net Loss per Share Net loss per share was calculated using the historical weighted average shares outstanding and the issuance of additional shares in connection with the Deep Roots Merger, assuming the shares were outstanding since January 1, 2024. As the Deep Roots Merger is being reflected as if it had occurred at the beginning of the period presented, the calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the shares issuable relating to the Deep Roots Merger have been outstanding for the entirety of the period presented.

|                                                         |     |   For the Year Ended 
 December 31, 2024(1) |
| Numerator:                                              |     |                      |
| Pro forma net loss                                      |     |        $(23,186,485) |
| Denominator:                                            |     |                      |
| Weighted average shares outstanding – basic and diluted |     |          425,631,815 |
| Net loss per share:                                     |     |                      |
| Basic and diluted                                       |     |              $(0.05) |
| Excluded securities(2):                                 |     |                      |
| Options                                                 |     |           31,232,633 |
| Restricted stock units                                  |     |           11,327,530 |
| Warrants                                                |     |           18,957,212 |
| Shares issuable to convertible debt holders             |     |           16,000,000 |
| Deep Roots