Company: VREOF
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001104659-25-102719
Chunk: 0

Company: Vireo Growth Inc.
Filing Date: 2025-10-28
Form: 424B3
Chunk 0
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Filed Pursuant to Rule 424(b)(3)

Registration No. 333-288686

PROSPECTUS SUPPLEMENT NO. 1

(to Prospectus dated July 24, 2025)

<div align='center'>VIREO GROWTH INC.

129,536,874Subordinate Voting Shares</div>

This prospectus supplement updates and supplements
the information contained in the prospectus dated July 24, 2025 (as may be supplemented or amended from time to time, the “Prospectus”),
which forms a part of our Registration Statement on Form S-3 (File No. 333-288686). This prospectus supplement is being filed
to update and supplement the Selling Securityholders table in the Prospectus with the information contained below.

The Prospectus and this prospectus supplement
relate to the resale, from time to time, by the selling securityholders named in this prospectus (the “Selling Securityholders”)
of up to an aggregate of 129,536,874 of our subordinate voting shares, no par value (the “Subordinate Voting Shares”),
issued in a private placement completed by us on December 17, 2024 (the “Private Placement”). The Subordinate
Voting Shares were sold at a cash price of $0.625 per Subordinate Voting Share.

This prospectus supplement updates and supplements
the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with the Prospectus,
including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there
is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this
prospectus supplement.

You should read this Prospectus and any prospectus
supplement or amendment carefully before you invest in our Subordinate Voting Shares.

Our Subordinate Voting Shares are listed on the
Canadian Securities Exchange (the “CSE”) under the symbol “VREO” and on the OTCQX under the symbol “VREOF.”
On October 24, 2025, the closing sale price of our Subordinate Voting Shares as reported on the CSE was C$0.85 and the closing sale
price of our Subordinate Voting Shares on the OTCQX was $0.64.

We are an “emerging growth company”
as defined in Section 2(a) of the Securities Act of 193