Company: VREOF
Filing Date: 2025-07-24
Form Type: 424B3
Source: 0001104659-25-070426
Chunk: 24

Company: Vireo Growth Inc.
Filing Date: 2025-07-24
Form: 424B3
Chunk 24
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, “Unsuitable Person Redemption Price” means: (i) in the case of Subordinate Voting Shares, the volume-weighted average trading price
of Subordinate Voting Shares during the five (5) trading day period immediately after the date of the redemption notice on the CSE
or other national or regional securities exchange on which Subordinate Voting Shares are listed; (ii) in the case of Multiple Voting
Shares or Super Voting Shares, the amount determined under (i) multiplied by the Conversion Ratio in effect at the time the redemption
notice is delivered, or (iii) if no such quotations are available, the fair market value per share of such Subordinate Voting Shares
and/or Multiple Voting Shares as set forth in a valuation and fairness opinion (the “Valuation Opinion”) from an investment
banking firm of nationally recognized standing in Canada (qualified to perform such task and which is disinterested in the contemplated
redemption and has not in the then past two years provided services for a fee to the Company or its affiliates) or a disinterested nationally
recognized accounting firm.

The redemption date will be not less than 30 trading
days from the date of the redemption notice unless a governmental authority requires that Shares be redeemed as of an earlier date, in
which case the redemption date will be such earlier date, and if there is an outstanding redemption notice, the Company will issue an
amended redemption notice reflecting the new redemption date forthwith.

From and after the date the redemption notice
is delivered, an Unsuitable Person owning Shares called for redemption will cease to have any voting rights. From and after the redemption
date, any and all rights of any nature which may be held by an Unsuitable Person with respect to such person’s Shares will cease
and, thereafter, the Unsuitable Person will be entitled only to receive the redemption price, without interest, on the redemption date;
provided, however, that if any such Shares come to be owned solely by persons other than an Unsuitable Person (such as by transfer of
such Shares to a liquidating trust, subject to the approval of any applicable governmental authority), such persons may exercise voting
rights of such Shares and the Board of Directors may determine, in its sole discretion, not to redeem such Shares.

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Following redemption, the redeemed Shares will be cancelled.

The Company may fund the redemption price, which
may be substantial in amount in certain circumstances, from its existing cash resources, the incurrence of indebtedness, the