Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 252

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 252
---
 incurred on January 1, 2024, the date the Proper Mergers occurred for purposes of the unaudited pro forma condensed combined statement of operations. The $1,126,000 of transaction costs incurred and therefore already recorded in the December 31, 2024 historical financial statements of Vireo is recorded within “Professional fees.” |

148

TABLE OF CONTENTS

Note 4. Estimated Purchase Price Consideration The estimated preliminary purchase price allocation for the Proper Mergers and the corresponding aggregate Merger Consideration is presented in the table below as if the Proper Mergers closed on December 31, 2024. The purchase price allocation for the proposed Proper Mergers is preliminary and subject to revision once the proposed Proper Mergers are complete and as additional information about the fair value of the assets to be acquired and liabilities to be assumed becomes available. In general, due to the nature of certain assets acquired and liabilities assumed, the Company has preliminarily determined that the carrying value of these assets and liabilities as of December 31, 2024 approximate their fair value. Management has not completed a full, detailed valuation analysis. Accordingly, the unaudited pro forma condensed combined financial information includes a preliminary allocation of the purchase price based on assumptions and estimates that, while considered reasonable under the circumstances, are subject to changes, and such changes may be material. Management will continue to refine its identification and valuation of assets to be acquired and liabilities to be assumed as further information becomes available. The final allocation is expected to be completed within twelve months of the Proper Closing Date and could differ materially from the preliminary allocation used in the transaction accounting adjustments. The final allocation may include (1) changes in fair values of inventory and property and equipment; (2) changes in allocations to intangible assets, such as trade names, licenses, and customer relationships, as well as goodwill; and (3) other changes to assets and liabilities.

| Components of total estimated purchase price consideration:  |     |  Fair Value |
| 50% of Merger Consideration                                  |     | $40,966,646 |
| Contingent consideration – Proper EBITDA Earn-Out Shares     |     |           — |
| Contingent consideration – Proper E-Commerce Earn-Out Shares |     |           — |
| Contingent consideration – Proper Forfeiture Amount          |     |  40,966,646 |
| Total consideration                                          |     | $81,933,292 |
| Assets acquired: