Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 246

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 246
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 and identifiable intangible assets and liabilities based on the respective estimated fair values and will be finalized upon the closing of the Wholesome Merger. The excess of the

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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 Wholesome Merger, assuming the shares were outstanding since January 1, 2024. As the Wholesome 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 Wholesome Merger have been outstanding for the entirety of the period presented.

|                                                            |     |   For the Year Ended 
 December 31, 2024(1) |
| Numerator:                                                 |     |                      |
| Pro forma net loss attributable to common shareholders     |     |        $(22,610,966) |
| Denominator:                                               |     |                      |
| Weighted average shares outstanding – basic and diluted(2) |     |          310,938,604 |
| Net loss per share:                                        |     |                      |
| Basic and diluted                                          |     |              $(0.07) |
| Excluded securities(2)                                     |     |                      |
| Options                                                    |     |           31,232,633 |
| Restricted stock units                                     |     |           11,327,530 |
| Warrants                                                   |     |           18,957,212 |
| Shares issuable to convertible note holders                |     |           16,000,000 |
| Wholesome EBITDA Earn-Out Shares(3)                        |     |                    — |
| Wholesome E-Commerce Earn-Out Shares(4)                    |     |                    — |

| (1) | Pro forma net loss per share includes the related pro forma adjustments as referred to within the section “Unaudited Pro Forma Condensed Combined Financial Information.” |

| (2) | The potentially dilutive outstanding securities were excluded from the computation of pro forma net loss