Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 359

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 359
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 Company’s board of directors or committee of nonemployee directors thereof in good faith. The granting of shares and exercise price must be approved by the Company’s board of directors. In general, the Awards vest over a period of approximately four years and expire 10 years from the date of grant. The fair value of each option grant is estimated on the date of grant using the Black Scholes option pricing model. Since the Company does not have sufficient historical data on the volatility of its stock, the expected volatility is based on the volatility of similar entities (referred to as guideline companies). In evaluating similarity, the Company considered factors such as industry, stage of life cycle, size and financial leverage. The expected term of a stock option is the period of time for which the option is expected to be outstanding. The Company used the simplified method as the expected term of the grants. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option. The Company has never declared or paid any cash dividends and does not presently plan to pay cash dividends in the foreseeable future. The Company accounts for forfeitures in the year they occur. Stock-based compensation for the years ended December 31, 2024 and 2023, was $90,318 and $98,749, respectively. As of December 31, 2024, the Company had $36,484 of unrecognized stock-based compensation costs related to non- vested awards that will be recognized over a weighted-average period of 2.27 years. The fair value of each stock-based award granted was estimated on the date of the grant using the Black-Scholes option-pricing model with the following assumptions:

|                                                |     |   2024 |     |   2023 |
| Weighted average fair value of options granted |     |  $0.45 |     |  $0.39 |
| Weighted average expected dividend yield       |     |  0.00% |     |  0.00% |
| Weighted average expected volatility           |     | 80.07% |     | 70.36% |
| Weighted average risk-free interest rate       |     |  4.14% |     |  4.06% |
| Weighted average expected life (in years)      |     |   5.73 |     |   5.44 |

The following sets forth the outstanding common stock options and related activity for the