Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 8

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 8
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 the common stock, par value $0.001 per share, of the Deep Roots Merger Sub will be converted into one newly issued, fully-paid and non-assessable share of common stock, par value $0.001 per share, of the Deep Roots Surviving Corporation. Following the Deep Roots Effective Time, all shares of common stock of the Deep Roots Surviving Corporation will be held by the Company. Following the Deep Roots Effective Time, all shares of common stock of the Deep Roots Surviving Corporation will be held by the Company. |

Financing of the Deep Roots Merger The consideration to be paid by the Company to the Deep Roots stockholders, including the Deep Roots Closing Share Payment and the additional earn-out elements of the merger consideration, will consist of the newly issued Subordinate Voting Shares. As a result, the Deep Roots Merger is not subject to any financing condition. Conditions to the Closing of the Deep Roots Merger The obligations of the Company, Deep Roots Merger Sub, and Deep Roots, as applicable, to consummate the Deep Roots Merger are subject to the satisfaction or waiver of certain conditions, including (among other conditions) the following:

| • | the approval and adoption of the Deep Roots Merger Agreement by the holders of the Deep Roots Common Stock; |

| • | the approval of the Deep Roots Merger by the holders of the Subordinate Voting Shares and Multiple Voting Shares; |

| • | the consummation of the Deep Roots Merger not being made illegal or otherwise restrained or prohibited by any law, order, or action of any governmental authority of competent jurisdiction; |

| • | certain regulatory consents in Nevada having been obtained; |

| • | the accuracy of the representations and warranties of the Company, Deep Roots Merger Sub, and Deep Roots in the Deep Roots Merger Agreement; |

| • | Deep Roots, the Company, and Deep Roots Merger Sub having performed in all material respects their obligations under the Deep Roots Merger Agreement on or prior to the Deep Roots Closing Date; |

| • | since the date of the Deep Roots Merger Agreement, there not having occurred any material adverse effect with respect to Deep Roots or the Company; |

| • | no holders Deep Roots stockholders having exercised, or remaining entitled to exercise statutory appraisal rights under applicable Nevada law; |

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| • | Deep Roots and its subsidiaries having cash in an amount not less than (i) $3,000,000 (exclusive of any cash reserves required to be