Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 281

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 281
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 debt                           |     |  -9,115,036 |
| Right-of-use liability                   |     |  -8,575,042 |
| Uncertain tax position liability         |     |  -6,277,969 |
| Income tax payable                       |     |  -1,317,482 |
| Related-party line of credit             |     |    -999,979 |
| Deferred income taxes, net               |     |    -628,915 |
| Total liabilities assumed                |     | -30,891,478 |
| Net assets acquired                      |     | $60,051,523 |

Total estimated purchase price consideration The estimated fair values of the components included in the purchase price consideration are preliminary and may materially vary from final results. The Company is still finalizing its conclusions on the accounting treatment associated with the components of the purchase consideration, along with the valuations and necessary calculations related to these components, as described in further detail below. Accordingly, for purposes of preparing the unaudited pro forma condensed combined financial information, the Company has not included an estimated amount for the ‘Contingent consideration - Wholesome EBITDA Earn-Out Shares’ or ‘Contingent consideration - Wholesome E-Commerce Earn-Out Shares’ components. In addition, the Company has assumed that the amount for the ‘Contingent consideration - Wholesome Forfeiture Amount’ is equal to 50% of the Wholesome Merger Consideration. The final conclusions surrounding the accounting treatment, valuations, and necessary calculations for each of the components will be finalized within twelve months of the Wholesome Closing Date. Merger Consideration: Estimated Wholesome Merger Consideration of $60,051,523 is based on the Company’s closing share price of 0.46 on February 19, 2025 multiplied by the number of Vireo Subordinate Voting Shares currently estimated to be issued of 130,546,789 (of which up to 50% of such shares are subject to the clawback provisions of the Wholesome Forfeiture Amount, as defined below, and is included as contingent consideration in the table above), in exchange for acquiring all of the issued and outstanding shares of Wholesome. The estimated value of the Wholesome Merger Consideration will change based on fluctuations in the share price of the Company’s stock and final number of Vireo Subordinate Voting Shares to be issued on the Wholesome Closing Date. On the Wholesome Closing Date