Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 267

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 267
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678 to Additional paid-in capital; as well as the elimination of the Proper Companies’ ‘Investment’ balance to ‘Goodwill’ in the amount of $1,400,000 which represents the Proper Companies’ minority interest in Arches, a consolidated entity of Wholesome. This investment will be eliminated upon consolidation as Wholesome and the Proper Companies collectively own a 100% interest in Arches, and Vireo will be acquiring a 100% interest in both Wholesome and the Proper Companies (i.e., after the Mergers, Arches will be a wholly-owned subsidiary of Vireo). |

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TABLE OF CONTENTS

| B3 | Represents adjustments related to: (1) the estimated preliminary purchase price allocation for the Wholesome Merger, including the issuance of Vireo’s Subordinate Voting Shares to legacy Wholesome shareholders as consideration transferred, and (2) the recognition of acquired intangible assets and goodwill of $56,467,591. Refer to the table in Note 4 below for additional information related to these adjustments. This adjustment also represents the elimination of Wholesome’s historical equity as a result of the business combination by: (1) reclassifying Wholesome’s ‘Accumulated deficit’ balance of $5,920,261 to Additional paid-in capital; (2) reclassifying Wholesome’s ‘Series A common stock’ balance of $8,915 to Additional paid-in capital; (3) reclassifying Wholesome’s ‘Series B common stock’ balance of $8,000 to Additional paid-in capital; and (4) reclassifying Wholesome’s ‘Series B2 common stock’ balance of $386 to Additional paid-in capital. |

| C | Not used. |

| D | Not used. |

| E | Not used. |

| F | Represents the assumed fair value of the contingent consideration for the potential forfeitures related to each of the Mergers as follows: |

| F1 | Represents an assumed fair value of the contingent consideration for the potential forfeitures related to the Deep Roots Forfeiture Shares, as defined below. No amount has been estimated for the Deep Roots Earn-Out Shares or the Deep Roots New Retail Forfeiture Amount, as the related accounting is expected to be finalized upon consummation of the Deep Roots Merger. Refer to Note 4 for additional information related to the Deep Roots Forfeiture Shares, the Deep Roots Earn-Out Shares, and the Deep Roots