Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 26

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 26
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 Shares will cease
and, thereafter, the Unsuitable Person will be entitled only to receive the redemption price, without interest, on the redemption date;
provided, however, that if any such Shares come to be owned solely by persons other than an Unsuitable Person (such as by transfer of
such Shares to a liquidating trust, subject to the approval of any applicable governmental authority), such persons may exercise voting
rights of such Shares and the Board of Directors may determine, in its sole discretion, not to redeem such Shares.

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Following redemption, the redeemed Shares will be cancelled.

The Company may fund the redemption price, which
may be substantial in amount in certain circumstances, from its existing cash resources, the incurrence of indebtedness, the issuance
of additional securities including debt securities, the issuance of a promissory note issued to the Unsuitable Person, any other means
permitted by applicable law or a combination of the foregoing sources of funding. To the extent required by applicable laws, the Company
may deduct and withhold any tax from the redemption price. To the extent any amounts are so withheld and are timely remitted to the applicable
governmental authority, such amounts shall be treated for all purposes as having been paid to the person in respect of which such deduction
and withholding was made.

A person (or group of persons acting jointly or
in concert) will be prohibited from acquiring or disposing of five percent (5%) or more of the issued and outstanding shares of the Company
(calculated on an as-converted to Subordinate Voting Share basis), directly or indirectly, in one or more transactions, without providing
15 days’ advance written notice to the Company by mail sent to the Company’s registered office to the attention of the corporate
secretary. The foregoing restriction will not apply to the ownership, acquisition or disposition of shares as a result of: (i) a
transfer of the Company Shares occurring by operation of law including, inter alia, the transfer of the Company Shares to a trustee in
bankruptcy, (ii) an acquisition or proposed acquisition by one or more underwriters or portfolio managers who hold the Company Shares
for the purposes of distribution to the public or for the benefit of a third party, provided that such third party is in compliance with
the foregoing restriction, or (iii) a conversion, exchange or exercise of securities of the Company, duly issued or granted by the
Company, into or for Subordinate Voting Shares in accordance with their respective terms