Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 16

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 16
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 are satisfied or waived.

For a fulsome list of the termination events set forth in the Wholesome Merger Agreement, see “Description of the Merger Agreements — Wholesome Merger — Termination of the Wholesome Merger.”

#### Termination Fees
Upon termination of the Wholesome Merger Agreement under specified circumstances, the Company, on the one hand, or Wholesome, on the other hand, will be required to pay the other party a termination fee of $3,394,217. For additional information regarding these termination fees, see “Description of the Merger Agreements — Wholesome Merger — Termination Fees.”

**Regulatory Approvals Required for the Wholesome Merger**

The Company expects that certain regulatory clearances or approvals will be required for the completion of the Wholesome Merger and the other Wholesome Transactions, including approval from the Utah Department of Agriculture and Food (“UDAF”) with respect to certain cannabis licenses held by Wholesome in Utah and the approval of the Wholesome Merger Agreement by the CSE. We cannot assure you that any such regulatory clearances and approvals will be timely obtained, obtained at all, or that the granting of any such regulatory clearances and approvals will not involve the imposition of additional conditions on the completion of the Wholesome Merger, including the requirement to divest assets, or require changes to the terms of the Wholesome Merger Agreement. These conditions or changes could result in the conditions to the Wholesome Merger not being satisfied. For additional information on regulatory matters, see “Regulatory Approvals.”

#### Recommendation of the Board
The Board, after consideration and consultation with its legal and financial advisors (including consideration of the Moelis fairness opinion, which assessed the fairness, from a financial point of view, of the consideration to be paid in all of the Transactions, including the Bill’s Nursery Acquisition (each as defined in the section entitled “Background of the Mergers”), as a whole, to the Company), (i) determined that the Merger Agreements and the transactions contemplated in each case thereby, including the Share Issuance, are fair to, and in the best interests of, the Company’s shareholders, (ii) approved the Merger Agreements, the Share Issuance and the related transactions and (iii) recommended that the Company’s shareholders approve the Merger Agreements and the transactions in each case contemplated thereby, including the