Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 187

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 187
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ary facility                 |     | Opened in 2020     |
| Caliente, Nevada       |     | Held for sale                                         |     | Acquired in 2021   |
| Johnstown, New York    |     | Fully operational cultivation and processing facility |     | Opened in 2016     |
| Colonie, New York      |     | Fully operational dispensary facility                 |     | Opened in 2016     |
| Elmhurst, New York     |     | Fully operational dispensary facility                 |     | Opened in 2016     |
| Johnson City, New York |     | Fully operational dispensary facility                 |     | Opened in 2016     |
| White Plains, New York |     | Fully operational dispensary facility                 |     | Opened in 2016     |

Our mission is to provide patients and consumers with best-in-class cannabis products and expert advice, informed by medicine and science. We also are seeking to develop intellectual property that is complementary to our mission, including novel product formulations, novel delivery systems and harm-mitigation processes. We have developed proprietary cannabis strains, cultivation methods, carbon dioxide extraction, ethanol extraction, and other processes related to the production, refinement, and packaging of cannabis products. We have documented the relevant processes in the form of standard operating procedures and work instructions, which are only shared with third parties when absolutely required and then only upon receipt of written non-disclosure agreements. We have sought and continue to seek to protect our trademark and service mark rights. Because the cultivation, processing, possession, transport and sale of cannabis and cannabis-related products remain illegal under the Controlled Substances Act (as defined below) we are not able to fully protect our intellectual property at the federal level. As a result, we have sought and continue to seek federal registrations in limited classes of goods and services and have obtained several state registrations. The Cannabis Industry and Business Lines of the Company According to market research projections by cannabis researcher Brightfield Group, U.S. sales of legal cannabis are expected to reach over $50 billion by 2026. As described further below, United States federal law now bifurcates the legality of “hemp” (defined as any part of the Cannabis sativa L plant — including any seeds, derivatives, extracts, cannabinoids, isomers, acids, salts and salts of isomers thereof, whether growing or not — with a tetrahydrocannabinol (“THC”) concentration of less than 0.3% on a