Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 54

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 54
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 Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of
the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions
described in Item 15 hereof, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of
the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

<div align='center'>II-3

EXHIBIT INDEX</div>

| Exhibit 
 Number  
 3.1     
 3.2     |     | Document Description                                                                                                                                                                         
 Articles of Vireo Growth Inc. dated June 25, 2024 (incorporated by reference to Exhibit 3.1 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2023).                  
 Certificate of Name Change, dated June 9, 2021 (incorporated by reference to Exhibit 3.01 to our Current Report on Form 8-K filed June 9, 2021).                                             |
|:--------|:----|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.3     |     | Notice of Articles, dated June 9, 2021 (incorporated by reference to Exhibit 3.2 to our Current Report on Form 8-K filed June 9, 2021).                                                      |
| 3.4     |     | Notice of Alteration, Notice of