Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 106

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 106
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#### TABLE OF CONTENTS
to prepare and file with the SEC a registration statement upon the expiration of 12 months after the Wholesome Closing to cover the resale of the Subordinate Voting Shares received by the Wholesome stockholders pursuant to the Wholesome Merger Agreement to the extent that the holders of such Subordinate Voting Shares cannot resell such Subordinate Voting Shares under Rule 144 of the Securities Act. In the event that the Company becomes aware prior to the expiration of such 12-month period that a holder of such Subordinate Voting Shares would not qualify under Rule 144 of the Securities Act to be able to sell such Subordinate Voting Shares, the Company is required to use commercially reasonable efforts to prepare and file a registration statement prior to the expiration of such 12-month period. In addition, if the Company has not filed an initial registration statement within 270 days following the Wholesome Closing, and the Stockholder Representative delivers to the Company a written demand signed by the holders of at least 50% of the Subordinate Voting Shares issued by the Company at the Wholesome Closing within three months following such 270 day period, then the Company is required to use its reasonable best efforts to prepare and file an initial registration statement with the SEC. The Investor Rights Agreement will also include certain piggyback registration rights to the Wholesome stockholders in the event that the Company proposes to register certain offers and sales of Subordinate Voting Shares under the Securities Act after the Wholesome Closing.

#### Proper Mergers
The following summarizes the material terms of the Proper Mergers pursuant to the Proper Merger Agreement.

#### Parties Involved in the Proper Mergers
Vireo Growth Inc.

For a brief description of the Company, see “Summary of Mergers — Deep Roots Merger — Parties Involved in the Deep Roots Merger — Vireo Growth Inc.” above. For additional information about Vireo, see “Information About the Parties to the Mergers — Vireo Growth Inc.” starting on page 99 .

Proper Holdings, LLC

Proper is a private Missouri limited liability company formed on April 12, 2022. Proper is currently one of the largest independent operators in Missouri’s adult-use cannabis market. Led by Chief Executive Officer John Pennington, the company has a total retail footprint of eleven stores, five original and six acquired stores which have been rebranded under the Proper name (two stores are branded N