Company: VREOF
Filing Date: 2025-07-15
Form Type: S-3
Source: 0001104659-25-068137
Chunk: 39

Company: Vireo Growth Inc.
Filing Date: 2025-07-15
Form: S-3
Chunk 39
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 own tax advisors regarding the
application of these rules.

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Information Reporting and Backup Withholding

Generally, the Company must report to the IRS
and to the Non-U.S. Holder the amount of dividends paid with respect to, and the proceeds from the sale or other disposition of, Subordinate
Voting Shares to such holder and the amount of tax, if any, withheld with respect to those payments or proceeds. Copies of the information
returns and any withholding may also be made available to the tax authorities in the country in which the Non-U.S. Holder resides under
the provisions of an applicable income tax treaty.

A Non-U.S. Holder may be subject to backup withholding
of tax on dividends paid, and, depending on the circumstances, the proceeds of a sale, exchange, redemption or other taxable disposition
unless the Non-U.S. Holder complies with certain certification requirements to establish that it is not a U.S. Person or it otherwise
establishes an exemption from backup withholding.

Backup withholding is not an additional tax. Any
amounts withheld under the backup withholding rules may be allowed as a refund or a credit against the Non-U.S. Holder’s U.S. federal
income tax liability, provided that the holder timely furnishes the required information to the IRS.

Foreign Account Tax Compliance Act

Under the Foreign Account Tax Compliance Act (“FATCA”),
a 30% withholding tax may apply to payments of dividends on stock made to foreign financial institutions (including amounts paid to a
foreign financial institution on behalf of a holder) and certain other non-financial foreign entities. Additionally, a 30% withholding
tax may apply to payments of gross proceeds from the disposition of stock made to such institutions and entities; however, proposed Treasury
regulations eliminate this 30% withholding tax on payments of gross proceeds. Taxpayers may rely on these proposed Treasury regulations
until final Treasury regulations are issued. There can be no assurance that final Treasury regulations would provide an exemption from
FATCA for gross proceeds.

Withholding under FATCA
generally will not apply where such payments are made to (i) a foreign financial institution that undertakes, under either an agreement
with the United States Treasury or pursuant to an intergovernmental agreement between the jurisdiction in which it is a resident and the
United States Treasury, to identify accounts held by certain United States persons or United States-owned foreign entities, annually report
certain information about such accounts, and withhold 30% on