Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 211

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 211
---
737 |     |   7,651,008 |
| Depreciation & Amortization       |     |                2,097,184 |     |   1,389,461 |
| EBITDA (GAAP)                     |     |              $15,460,633 |     | $19,089,835 |
| Stock-based compensation          |     |                4,912,321 |     |           — |
| Transaction related expenses      |     |                1,152,280 |     |           — |
| Loss (gain) on disposal of assets |     |               -3,178,901 |     |           — |
| Adjusted EBITDA (GAAP)            |     |              $18,346,333 |     | $19,089,835 |

Liquidity and Capital Resources As of December 31, 2024 and 2023, the Company had working capital of $23,652,709 and $39,507,287, respectively, reflecting a decrease in working capital of $15,854,578 for the year ended December 31, 2024, driven by increased payables and accruals relative to the prior year in part due to the acquisition of The Source Holdings, LLC. The Company is an early-stage growth company. It is generating cash from sales and is deploying its capital reserves to acquire and develop assets capable of producing additional revenues and earnings over both the immediate and near term. Wholesome 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 this Information Statement. Some of the information contained in this discussion and analysis or set forth elsewhere in this Information Statement, including information with respect to our plans and strategy for our business and related financing, includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or “forward-looking information” within the meaning of Canadian securities laws. These statements are often identified by the use of words such as “expect,” “plan,” “expected,” “scheduled,” “estimates,” “estimated,” “forecasts,” “continue,” “continued,” “anticipate,” “will,” “expectations,” “cannot,” “could,” “believe,” “focused,” “intention,” “strategic,” “future