Company: VREOF
Filing Date: 2025-07-24
Form Type: 424B3
Source: 0001104659-25-070426
Chunk: 0

Company: Vireo Growth Inc.
Filing Date: 2025-07-24
Form: 424B3
Chunk 0
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Filed Pursuant to Rule 424(b)(3)

Registration No. 333-288686

PROSPECTUS

<div align='center'>VIREO GROWTH INC.

129,536,874Subordinate Voting Shares</div>

This prospectus relates to the resale, from time
to time, by the selling securityholders named in this prospectus (the “Selling Securityholders”) of up to an aggregate
of 129,536,874 of our subordinate voting shares, no par value (the “Subordinate Voting Shares”), issued in a private
placement completed by us on December 17, 2024 (the “Private Placement”). The Subordinate Voting Shares were sold at
a cash price of $0.625 per Subordinate Voting Share.

Our registration of the Subordinate Voting Shares
covered by this prospectus does not mean that the Selling Securityholders will offer or sell any of the Subordinate Voting Shares hereby
registered. The Selling Securityholders may offer, sell, or distribute all or a portion of the Subordinate Voting Shares hereby registered
publicly or through private transactions at prevailing market prices or at negotiated prices. We will not receive any of the proceeds
from such sales of our Subordinate Voting Shares by the Selling Securityholders pursuant to this prospectus. We will bear all costs,
expenses and fees in connection with the registration of these Subordinate Voting Shares, including with regard to compliance with state
securities or “blue sky” laws. The Selling Securityholders will bear all commissions and discounts, if any, attributable
to their sale of our Subordinate Voting Shares. See “Plan of Distribution” beginning on page 29 of this
prospectus.

You should read this prospectus and any prospectus
supplement or amendment carefully before you invest in our Subordinate Voting Shares.

Our Subordinate Voting Shares are listed on the
Canadian Securities Exchange (the “CSE “) under the symbol “VREO” and on the OTCQX under the symbol “VREOF.”
On July 14, 2025, the closing sale price of our Subordinate Voting Shares as reported on the CSE was C$0.65 and the closing sale price
of our Subordinate Voting Shares on the OTCQX was $0.477.

We are an “emerging growth company”
as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), and, as such, have elected