Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 206

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 206
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 NGH and Proper MSA Newco, which are subsidiaries of Proper. Proper MSA Newco was incorporated on December 12, 2024, solely for the purpose of engaging in the Proper Transactions, including the Proper Mergers. Specifically, Proper MSA Newco was incorporated for the purpose of holding and operating all of Proper’s nonregulated assets, subject to the Proper Management Services Agreement, intended to be entered into prior to the Proper Closing Date by and between Proper and Proper MSA Newco. Proper MSA Newco has not conducted any business operations except in furtherance of this purpose and activities incident to its incorporation. NGH is a limited liability company engaged in the business of operating a vertically integrated adult-use cannabis operation under the State of Missouri, Department of Health and Senior Services.

Proper’s corporate office is located at 2609 Rock Hill Industrial Ct., St. Louis, Missouri 63144 and the telephone number of its principal executive offices is (314) 384-8047.

Proper is a private company and its equity securities are not publicly traded. As of the Record Date, there were approximately 5 holders of record of Proper’s common stock and approximately 77 holders of record of Proper’s preferred stock.

Proper is a private company and its equity securities are not publicly traded. As of the Record Date, there were approximately 80 holders of record of Proper’s equity securities.

#### Dividends
None of Deep Roots, Proper or Wholesome has ever declared or paid any cash dividends on shares of their common stock. Deep Roots, Proper and Wholesome anticipate that the combined company will retain future earnings, if any, for the development, operation and expansion of the business and does not anticipate declaring or paying any cash dividends in the foreseeable future. Any future determination to declare cash dividends on the combined company’s Shares will be made at the discretion of the combined company’s Board of Directors, subject to applicable law and contractual restrictions and will depend on its financial condition, results of operations, capital requirements, general business conditions and other factors that the combined company’s Board of Directors may deem relevant.

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#### TABLE OF CONTENTS

### MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

### AND RESULTS OF OPERATION FOR ACQUIREES

#### Deep Roots Holdings, Inc.
You should read the following discussion and analysis of our financial condition and results of operations together with the “Unaudited Pro Forma Condensed Combined Financial Information” included elsewhere in