Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 179

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 179
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, Deep Roots, Wholesome, or the Proper Companies. As of February 23, 2025, the Company had not entered into a definitive merger agreement with Bill’s Nursery and the exclusivity period under the Bill’s Nursery MOU had expired. The conclusions reached by Moelis in its fairness opinion may have been materially different without the inclusion of Bill’s Nursery. Moelis’ opinion does not speak as of the time any of the Mergers will be completed or as of any date other than the date of the opinion. The Board does not anticipate asking Moelis to update its opinion, and Moelis has no obligation or responsibility to update, revise or reaffirm its opinion.

### Unaudited Prospective Financial Information
Vireo does not as a matter of course make public long-term forecasts or internal projections as to future performance, revenues, production, earnings, or other results due to, among other reasons, the uncertainty and subjectivity of the underlying assumptions and estimates. However, in connection with the Transactions, the following unaudited prospective financial information was prepared: (i) certain unaudited prospective financial information with respect to Vireo on a standalone basis for the fiscal years 2024 through 2026, prepared by Vireo management (the “Vireo Standalone Projections”), (ii) certain unaudited prospective information with respect to the Targets (including Bill’s Nursery) on standalone bases collectively for fiscal years 2024 through 2026, prepared by Targets’ management and adjusted by Vireo management (the “Targets’ Standalone Projections”) and (iii) certain estimates of synergies expected to be realized following the completion of the Transactions for fiscal years 2025 and 2026 and on a run-rate basis (based on a combined company comprising of Vireo and the Targets, including Bill’s Nursery) prepared by Vireo management (the “Synergy Projections” and, together with the Vireo Standalone Projections and the Targets’ Standalone Projections, the “Forecasted Financial Information”). The Targets’ Standalone Projections and the Synergy Projections assumed the consummation of four Transactions (the Mergers and the Bill’s Nursery Acquisition), only three of which (the Mergers) have been approved by the written consent addressed by this Information Statement. The exclusivity period under the Bill’s Nursery MOU has expired and a definitive agreement relating to the Bill’s Nursery Acquisition has not been executed (and may