Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 152

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 152
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 employees of the targets may not choose to remain with the combined company. |

The Board determined that overall these potential risks and uncertainties are outweighed by the benefits that the Board expects to achieve for the Company as a result of the Mergers. The Board acknowledged that there can be no assurance about future results, including results considered or expected as disclosed in the foregoing reasons. This discussion of the information and factors considered by the Board includes the principal positive and negative factors, but is not intended to be exhaustive and may not include all of the factors considered by the Board. In view of the wide variety of factors considered in connection with their evaluation of the Mergers, and the complexity of these matters, the Board did not find it useful and did not attempt to rank, quantify or assign any relative or specific weights to the various factors that it considered in reaching their determination to approve the Merger Agreements and the Mergers contemplated thereby and to make the recommendation to Company stockholders contained in this Information Statement. Rather, the Board viewed its decision as being based on the totality of the information presented to it and the factors the Board considered. In addition, individual members of the Board may have given differing weights to different factors.

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#### TABLE OF CONTENTS
It should be noted that this explanation of the reasoning of the Board and certain information presented in this section is forward-looking in nature and, therefore, that information should be read in light of the factors discussed in the section “Cautionary Note Concerning Forward-Looking Statements” above.

### BACKGROUND OF THE MERGERS
The following is a summary of the material events which led to the negotiations of the Merger Agreements and the meetings, negotiations, discussions and actions between the parties that preceded the execution and public announcement of the Merger Agreements. The following chronology does not purport to catalogue every conversation among the Board or the representatives of the Company and other parties.

As part of the Company’s ongoing consideration and evaluation of its long-term strategic goals and plans, the Board and the Company’s management have periodically reviewed, considered and assessed the Company’s operations and financial performance, as well as overall industry conditions, as they may affect those strategic goals and plans. These reviews have included, among other things, consideration of potential opportunities for acquisitions and other potential financial and strategic alternatives, in each case with a view towards enhancing our shareholders’ value.

In connection with such periodic reviews, in early 2024, the Board authorized the Company’s management to explore potential strategic acquisitions to expand