Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 321

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 321
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 Cannabis Laws, the Company and Deep Roots are required to obtain approval from the CCB, unincorporated Clark County and the cities of Mesquite, North Las Vegas, West Wendover, Las Vegas, Henderson, and Pahrump to close the Deep Roots Merger. To obtain CCB approval, the parties must submit a Notice of Transfer of Interest to the CCB. This process involves providing detailed information about the proposed transfer, including the identities of the transferee and transferor, the percentage of ownership being transferred, and any associated agreements. On January 14, 2025, the Company and Deep Roots submitted a Notice of Transfer of Interest to the CCB. Utah Cannabis Laws Pursuant to the Utah Cannabis Laws, the Company and Wholesome are required to obtain approval from the UDAF to close the Wholesome Merger. To obtain UDAF approval, applicants must submit an application (a “Change Request”) to UDAF. The Change Request requires detailed information about the proposed changes and may be subject to review by UDAF’s Cannabis Production Establishment Licensing Advisory Board. On January 8, 2025, Parent and Wholesome submitted the Change Request to UDAF. On February 5, 2025, UDAF conditionally approved the Change Request pending the release of the background checks submitted for the new owners as well as closing of the Wholesome Merger.

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INTERESTS OF CERTAIN PERSONS IN THE TRANSACTIONS None of our directors or executive officers have any substantial interest in the matters acted upon except to the extent of their ownership of our Subordinate Voting Shares and except as follows:

| • | Tyson Macdonald, our Chief Financial Officer, represented Deep Roots in the Deep Roots Merger in his role as Managing Partner for TrueRise Capital, which provided strategic financial advisory services to Deep Roots in connection with the Deep Roots Merger. Mr. Macdonald owns 60% of the equity interests of TrueRise Capital. As of the filing of this Information Statement, Deep Roots has $260,000 of fees outstanding to TrueRise Capital in connection with certain financial advisory services provided by TrueRise Capital to Deep Roots, including in connection with the Deep Roots Merger. TrueRise Capital is also entitled to a fee equal to 1.5% of the merger consideration to be paid in the Deep Roots Merger, which may be adjusted to a cash fee of $1,500,000 at