Company: VREOF
Filing Date: 2025-07-15
Form Type: S-3
Source: 0001104659-25-068137
Chunk: 23

Company: Vireo Growth Inc.
Filing Date: 2025-07-15
Form: S-3
Chunk 23
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 a meeting of which only
holders of another particular class or series of shares of the Company have the right to vote. At each such meeting, holders of Subordinate
Voting Shares are entitled to one vote in respect of each Subordinate Voting Share held.

Class Rights. As long as any Subordinate
Voting Shares remain outstanding, the Company will not, without the consent of the holders of the Subordinate Voting Shares by separate
special resolution, prejudice or interfere with any right attached to the Subordinate Voting Shares. Holders of Subordinate Voting Shares
will not be entitled to a right of first refusal to subscribe for, purchase or receive any part of any issue of Subordinate Voting Shares,
or bonds, debentures or other securities of the Company. The majority of votes required to pass a special resolution at a meeting of holders
of Subordinate Voting Shares is two-thirds of the votes cast on the resolution.

Dividend Rights. Holders of Subordinate
Voting Shares are entitled to receive, as and when declared by the directors of the Company, dividends in cash or property of the Company.
No dividend will be declared or paid on the Subordinate Voting Shares unless the Company simultaneously declares or pays, as applicable,
equivalent dividends (on an as-converted to Subordinate Voting Shares basis) on the Multiple Voting Shares and Super Voting Shares.

Liquidation Rights. In the event of the
liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of
assets of the Company among its shareholders for the purpose of winding up its affairs, the holders of Subordinate Voting Shares will,
subject to the prior rights of the holders of any shares of the Company ranking in priority to the Subordinate Voting Shares, be entitled
to participate ratably along with all other holders of Multiple Voting Shares (on an as-converted to Subordinate Voting Shares basis)
and Super Voting Shares (on an as-converted to Subordinate Voting Shares basis).

Conversion Rights. In the event that an
offer is made to purchase Multiple Voting Shares and the offer is one which is required, pursuant to applicable securities legislation
or the rules of a stock exchange, if any, on which the Multiple Voting Shares are then listed, to be made to all or substantially
all the holders of Multiple Voting Shares in a given province or territory of Canada to which these requirements apply, each Subordinate
Voting Share shall become convertible at the option of the holder into Multiple Voting Shares at the inverse of