Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 380

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 380
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 |     |    — |
| Financing Liability - monthly payments of                                                                                                                                                                                                                                                                                                           |     | $520,000 |     |   $— |
| Less: Current Portion                                                                                                                                                                                                                                                                                                                               |     |   56,489 |     |    — |
| Long-Term Debt - Net of Current Portion                                                                                                                                                                                                                                                                                                             |     | $463,511 |     |   $— |

B-57

TABLE OF CONTENTS

NOTE 9: FINANCING LIABILITY – RELATED PARTY (continued) Principal Maturities on Financing Liability – Related Party are as follows:

| Year       |     |   Amount |
| 2025       |     |   56,489 |
| 2026       |     |   78,045 |
| 2027       |     |   99,189 |
| 2028       |     |  126,062 |
| Thereafter |     |  160,215 |
|            |     | $520,000 |

| NOTE 10: | SERIES B SHARE LIABILITY |

The Company issued 1,648 Series B Shares without par value, for $8,615,935 subject to the approval of Missouri Department of Health and Senior Services (DHSS). As of December 31, 2024, the issuance of the Series B Shares has not been approved by the DHSS. (See Note 12 – Members’ Equity).

| NOTE 11: | ADVANCE FROM HUB INC. |

On July 6, 2023, the Company entered into a Management Service Agreement with Nirvana Investments LLC and all subsidiaries (Nirvana). The Company has included the Advance from Hub Inc. as part of the affiliate’s obligation in the amount of $1,434,159 and $1,434,159 as of December 31, 2024 and 2023, respectively. Hub Inc. is owned by the same ownership of Nirvana Investments, LLC and Subsidiaries.

| NOTE 12: | MEMBERS’ EQUITY |

The membership Units of the Company consist of Class A Units and Class B Units, as follows:

| a. | Class A Membership Units are issued only to the members who held an interest in the initial organization of the Company. A total of Seven Thousand, (7,000) Class A Members Units out of an authorized Twenty Thousand (20,000) have been issued. On April 15, 2022, the Company re-entered a Unit Grant agreement with an