Company: VREOF
Filing Date: 2025-07-24
Form Type: 424B3
Source: 0001104659-25-070426
Chunk: 6

Company: Vireo Growth Inc.
Filing Date: 2025-07-24
Form: 424B3
Chunk 6
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 to use net operating loss carryforwards and other tax attributes may be limited 
 as a result of the mergers.                                                                           |

| · | We incurred net losses in fiscal years 2024 and 2023, and cannot provide assurance as to when or if we 
 will become profitable and generate cash in our operating activities.                                  |

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| · | If additional financing is required to operate our business, we may face difficulties acquiring such additional 
 financing on terms acceptable to us or at all.                                                                  |

| · | Our senior secured credit facility contains covenant restrictions that may limit our ability to operate 
 our business.                                                                                           |

| · | Servicing our debt will require a significant amount of cash, and we may not have sufficient cash flow 
 from our business to pay our substantial debt.                                                         |

| · | We face security risks related to our physical facilities and cash transfers due to the mostly cash nature 
 of the cannabis industry.                                                                                  |

| · | Our business is subject to the risks inherent in agricultural operations. |

| · | We face risks related to our information technology systems, including potential cyber-attacks and security 
 and privacy breaches.                                                                                       |

| · | Our reputation and ability to do business may be negatively impacted by our suppliers’ inability 
 to produce and ship products.                                                                    |

| · | We are dependent on key inputs, suppliers and skilled labor for the cultivation, extraction, and production 
 of cannabis products.                                                                                       |

| · | Our inability to attract and retain key personnel could materially, adversely affect our business. |

| · | We face an inherent risk of product liability claims as a manufacturer, processor and producer of products 
 that are intended to be ingested by people.                                                                |

| · | Our intellectual property may be difficult to protect. |

| · | We face intense competition in a new and rapidly growing industry by other licensed companies with more 
 experience and financial resources than we have and by unlicensed, unregulated participants.            |

| · | There are risks associated with consolidation of the industry by well-capitalized entrants developing 
 large-scale operations.                                                                               |

| · | Our internal controls over financial reporting may not be effective, and our independent auditors may                
 not be able to certify as to their effectiveness, which could have a significant and adverse effect on our business. |

| · | The elimination of monetary liability against our directors, officers, and employees under British Columbia                             
 law and the existence of indemnification rights for our obligations to our directors,