Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 1

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 1
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 are entitled to receive this Information Statement. The purpose of this notice and the accompanying Information Statement is to notify you of the following actions taken by shareholders of the Company by written consent:

| • | the Company’s previously disclosed transactions with (a) Deep Roots Holdings, Inc. (“Deep Roots”) (the “Deep Roots Merger”); (b) Proper Holdings, LLC, Proper Holdings Management, Inc. and NGH Investments, Inc. (the “Proper Companies”) (the “Proper Mergers”); and (c) WholesomeCo, Inc. (“Wholesome”) (the “Wholesome Merger” and, collectively with the Deep Roots Merger and the Proper Mergers, the “Mergers”); |

| • | the issuance of: |

| ○ | (a) such number of Subordinate Voting Shares, at a deemed price per share of $0.52, as consideration to Deep Roots stockholders in connection with the Deep Roots Merger and such number of additional Subordinate Voting Shares pursuant to and priced in accordance with the earn-out provisions of the Deep Roots Merger Agreement, as earnout payments to former Deep Roots stockholders based on growth performance, in accordance with and subject to the terms of the Deep Roots Merger Agreement; |

| ○ | (b) such number of Subordinate Voting Shares, at a deemed price per share of $0.52, as consideration to Proper equityholders in connection with the Proper Mergers and such number of additional Subordinate Voting Shares pursuant to and priced in accordance with the earn-out provisions of the Agreement and Plan of Merger (the “Proper Merger Agreement”), dated as of December 18, 2024, by and among the Company, Proper Holdings, LLC, Vireo PR Merger Sub Inc., Vireo PR Merger Sub II Inc., NGH Investments, Inc., Proper Holdings Management, Inc., Shareholder Representative Services LLC and the Proper Share Recipients (as defined below) that execute a joinder to the Proper Merger Agreement, as earnout payments to former Proper equityholders based on growth performance, in accordance with and subject to the terms of the Proper Merger Agreement; and |

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| ○ | (c) such number of Subordinate Voting Shares, at a deemed price per share of $0.52, as consideration to Wholesome stockholders in connection with the Wholesome Merger and such number of additional Subordinate Voting