Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 140

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 140
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ordinate 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 such case, if the Company has not filed an initial registration statement within 270 days following the Proper Closing, and Proper 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 Proper 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 Proper Share Recipients in the event that the Company proposes to register certain offers and sales of Subordinate Voting Shares under the Securities Act after the Proper Closing.

#### Effect on Current Shareholders; Dilution
The Mergers and Share Issuance does not affect the rights of the holders of outstanding Subordinate Voting Shares, but the issuance of Subordinate Voting Shares as consideration for the Mergers will have a dilutive effect on our existing security holders, including the voting power and economic rights of the existing security holders. The issuance of approximately 553,902,639 Subordinate Voting Shares will result in dilution to our existing security holders of approximately 60%.

While the accounting treatment of the Mergers is not yet finalized, the Mergers are expected to be accounted for as a business combination in accordance with U.S. GAAP, with management expecting to conclude that Vireo is the accounting acquirer. Due to timing constraints, as of the date of this document, Vireo has not performed the detailed valuation studies necessary to arrive at the final estimates of the fair value of the assets to be acquired, the liabilities to be assumed and the related allocations of purchase price. We expect preliminary purchase accounting including valuation to be completed following required regulatory approvals and the closing of the Mergers.

#### Accounting Treatment of the Mergers
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#### TABLE OF CONTENTS

#### DESCRIPTION OF THE COMPANY’S SECURITIES
The Company is authorized to issue an unlimited number of Subordinate Voting Shares, an unlimited number of Multiple Voting Shares and