Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 11

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 11
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 the name “Initial
Capital Inc.” On May 8, 2007, the Company changed its name to “Digifonica International Inc.” following
the completion of a qualifying transaction on the TSX Venture Exchange. On December 9, 2013, the Company continued into British Columbia
under the name of “Dominion Energy Inc.”, subsequently changed its name to "Dynamic Oil & Gas Exploration
Inc." on June 30, 2014, and to "Darien Business Development Corp." on March 13, 2017. On March 18, 2019,
the Company changed its name to "Vireo Health International, Inc." following the completion of a reverse takeover transaction
(the “RTO”) with Vireo U.S. pursuant to which the former shareholders of Vireo U.S. acquired control of the Company
and continued on with our business.

On June 9, 2021,
we changed our name to “Goodness Growth Holdings, Inc.” On June 25, 2024 we changed our name to “Vireo Growth
Inc.”

On May 12, 2025,
the Company completed its previously announced acquisition of all of the issued and outstanding shares of common stock of WholesomeCo, Inc.,
whereby WholesomeCo, Inc. became a wholly-owned subsidiary of the Company. On June 5, 2025, the Company completed its previously
announced acquisition of Proper Holdings Management, Inc. and NGH Investments, Inc., whereby each of Proper Holdings Management, Inc.
and NGH Investments, Inc. became a wholly-owned subsidiary of the Company. On June 6, 2025, the Company completed its previously
announced acquisition of Deep Roots Holdings, Inc., whereby Deep Roots Holdings, Inc. became a wholly-owned subsidiary of the
Company.

Arrangement Agreement

We and Verano Holdings
Inc. (“Verano”) entered into an Arrangement Agreement dated January 31, 2022, later amended on June 22, 2022
(combined, the “Arrangement Agreement”). Pursuant to the Arrangement Agreement, Verano agreed, among other things,
to acquire all of the outstanding shares of Vireo.

We received notice from
Verano on October 13, 2022, of Verano's purported termination of the Arrangement Agreement. We believe that Verano has no factual
or legal basis to justify or support its purported grounds for termination of the Arrangement