Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 378

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 378
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,037 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     |  $27,152,510 |     |  $31,055,514 |
| Less: Unamortized Debt Issuance Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     |     -111,724 |     |     -508,984 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     |  $27,040,786 |     |  $30,546,530 |
| Less: Current Portion                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     |   27,040,786 |     |   17,001,816 |
| Long-Term Debt - Net of Current Portion                                                                                                                                                                                                                                                                                                                                                                                                                                                |     |           $— |     |  $13,544,714 |

Principal maturities on notes payable are as follows:

| Year       |     |      Amount |
| 2025       |     |  27,040,786 |
| Thereafter |     |           — |
|            |     | $27,040,786 |

Interest expense, including amortization expense on debt issuance costs, totaled $3,399,802 and $1,679,722 for the years ended December 31, 2024 and 2023, respectively. Debt Issuance Costs Amortization expense included in interest expense was $397,260 for the years ended December 31, 2024 and 2023. Future amortization of loan costs is $111,724 for the year 2025.

B-56

TABLE OF CONTENTS

| NOTE 8: | LEASES |

The components of lease expense are as follows for the years ended December 31:

|                               |     |       2024 |     |     2023 |
| Finance lease expense         |     |            |     |          |
| Amortization of ROU assets    |     |   $175,324 |     |  $14,610 |
| Interest on lease liabilities |     |    254,614 |     |   20,260 |
| Operating lease expense       |     |  1,031,573 |     |  672,647 |
| Total                         |     | $1,461,512 |     | $707,517 |

Supplemental cash flow information and other information related to leases was as follows for the year ended December 31:

|                                                                        |     |     2024 |     |      2023 |
| (Gains) losses on sale-lease