Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 19

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 19
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 Proper Mergers. Specifically, Proper MSA Newco was incorporated for the purpose of holding and operating all of Proper’s nonregulated assets, subject to a Management Services Agreement (the “Proper Management Services Agreement”), intended to be entered into prior to the Proper Closing Date by and between Proper and Proper MSA Newco (see the section of this Information Statement “Description of the Merger Agreements — Proper Mergers — Management Services Agreement” for more information regarding the Proper Management Services Agreement). Proper MSA Newco has not conducted any business operations except in furtherance of this purpose and activities incident to its incorporation.

NGH Investments, Inc.

NGH Investments, Inc. (“NGH”) is a private Missouri corporation incorporated on February 26, 2020. NGH is a wholly-owned subsidiary of Proper engaged in the business of operating a vertically integrated adult-use cannabis operation under the State of Missouri, Department of Health and Senior Services.

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Shareholder Representative Services LLC Stockholder Representative (for purposes of the discussion of the Proper Merger Agreement, hereinafter referred to as the “Member Representative”) is a Colorado limited liability company and is a party to the Proper Merger Agreement solely for the purposes of acting as the representative, agent, and attorney-in-fact of Proper, its equityholders, and other subsequent recipients of Subordinate Voting Shares from Proper pursuant to the Proper Merger Agreement (collectively with Proper, the “Proper Share Recipients”). The Proper Mergers Upon the terms and subject to the conditions of the Proper Merger Agreement, if the Proper Mergers are completed, (i) NGH will merge with and into Proper Merger Sub 1, and Proper Merger Sub 1 will continue as the surviving corporation and as a wholly owned subsidiary of the Company (the “Proper Merger Sub 1 Surviving Corporation”), and (ii) Proper MSA Newco will merge with and into Proper Merger Sub 2, and Proper Merger Sub 2 will continue as the surviving corporation and as a wholly owned subsidiary of the Company (the “Proper Merger Sub 2 Surviving Corporation” and together with the Proper Merger Sub 1 Surviving Corporation, the “Proper Surviving Corporations”). For additional information, see “Description of the Merger Agreements — Proper Mergers” starting on page 58. Each of the Proper Mergers will become effective when the applicable Articles of