Company: VREOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001104659-25-110364
Chunk: 1

Company: Vireo Growth Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 1A
Chunk 1
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 the Company or Schwazze, the Asset Sale may not be completed.

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There can be no assurance that the RSA will not be terminated by the Company or Schwazze in certain circumstances.

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Each of the Company and Schwazze has the right, in certain circumstances, to terminate the RSA. Accordingly, there can be no certainty, nor can we provide any assurance that the RSA will not be terminated by either of the Company or Schwazze prior to the completion of the Asset Sale. Any termination will result in the failure to realize the expected benefits of the Asset Sale in respect of the operations and business of the Company.

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The uncertainty surrounding the Asset Sale could negatively impact Vireo's current and future operations, financial condition and prospects.

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As the Asset Sale is dependent upon receipt, among other things, of the required regulatory approvals and satisfaction of certain other conditions, the Asset Sale’s completion is uncertain. If the Asset Sale is not completed for any reason, there are risks that the announcement of the Asset Sale and the dedication of Vireo's resources to the completion thereof could have a negative impact on its relationships with its stakeholders and could negatively impact current and future operations, financial condition and prospects of Vireo. In addition, Vireo has, and will continue to, incur significant transaction expenses in connection with the Asset Sale, regardless of whether the Asset Sale is completed.

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