Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 178

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 178
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 Vireo in connection with the Mergers and will receive a transaction fee estimated to be approximately $5 million for its services contingent upon the consummation of the Mergers (the “Transaction Fee”). Moelis also became entitled to receive a fee of $1 million, which fee became payable upon the delivery of Moelis’ opinion, regardless of the conclusion reached by Moelis therein (the “Opinion Fee”). The Opinion Fee will be credited, to the extent previously paid, against the Transaction Fee. Moelis is also entitled to a separate fee, which is not credited against the Transaction Fee, equal to a percentage of any contingent consideration that becomes payable to any Target or its shareholders by Vireo or its affiliates, to be paid promptly upon payment of such contingent consideration. In addition, Vireo agreed to reimburse Moelis for certain costs and expenses, and to indemnify Moelis for certain liabilities, including liabilities under applicable securities laws, arising out of its engagement. Moelis’ affiliates, employees, officers and partners may at any time own securities (long or short) of Vireo, the Targets or their respective affiliates. In the two years preceding the date of its opinion, Moelis had not provided investment banking or other services to Vireo (other than with respect to the Transactions) or to the Targets. As of the date of its opinion, Moelis was not currently providing investment banking or other services to Vireo (other than with respect

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to the Transactions) or to the Targets. In the future Moelis may provide such services to Vireo or the Targets or their affiliates and may receive compensation for such services.

The Board selected Moelis as its financial advisor in connection with the Transactions because Moelis has substantial experience in similar transactions. Moelis is regularly engaged in the valuation of businesses and their securities in connection with mergers and acquisitions, strategic transactions, corporate restructurings, and valuations for corporate and other purposes.

Moelis’ opinion does not reflect changes, circumstances, developments or events that have occurred, or that may occur, after the date of the opinion, including the fact that certain of the Transactions may not be consummated, regulatory or legal changes, changes in the operations and prospects of the Company, Deep Roots, Wholesome or the Proper Companies, general market and economic conditions and other factors, each of which may be beyond the control of the Company