Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 4

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 4
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 was estimated to be $92,620,242, which would result in 178,115,850 Subordinate Voting Shares being issued by the Company in respect of the Proper Closing Merger Consideration; and (iii) the Wholesome Closing Merger Consideration (as defined herein) was estimated to be $67,884,330, which would result in 130,546,789 Subordinate Voting Shares being issued by the Company in respect of the Wholesome Closing Merger Consideration. On December 17, 2024, the Board unanimously approved the entry of the Company into employment agreements with John Mazarakis, Chief Executive Officer and Co-Executive Chairman of the Company, and Tyson Macdonald,

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**Chief Financial Officer of the Company, that provide for the grant of 19,000,00 time-based restricted stock units (“RSUs”) and 19,000,000 performance-based RSUs to Mr. Mazarakis, and the grant of 9,500,000 time-based RSUs and 9,500,000 performance-based RSUs to Mr. Macdonald, in each case subject to shareholder approval (the “RSU Grants”).

As of   , 2025, there were (i)   Subordinate Voting Shares issued and outstanding, each of which is entitled to one vote and (ii)   Multiple Voting Shares issued and outstanding, each of which is entitled to 100 votes. The requirement to seek approval from holders of Shares for the Mergers, Share Issuance (as defined below) and RSU Grants is found in the rules and policies of the CSE, section 4.6(3) of CSE Policy 4. The approval of the Mergers, Share Issuance and the RSU Grants may be satisfied by written resolution pursuant to section 4.6(1)(b) of CSE Policy 4 which provides that any CSE requirement for security holder approval may be satisfied by a written resolution signed by security holders of more than 50% of the securities having voting rights. On   , 2025, the Majority Shareholders, which control   % of the Company’s voting power, executed a written resolution approving the Mergers and the issuance of: (a) such number of Subordinate Voting Shares, at a deemed price per share of $0.52, as consideration to Deep Roots