Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 7

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 7
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 does not directly relate to any historical or current fact. Words such as “anticipates,”
“estimates,” “expects,” “projects,” “may,” “will,” “intends,”
“plans,” “believes,” “should” and similar expressions may identify forward-looking statements and
such forward-looking statements are made based upon management’s current expectations, assumptions and beliefs as of this date concerning
future developments and their potential effect on us. There can be no assurance that future developments will be in accordance with management’s
expectations, assumptions or beliefs, or that the effect of future developments on us will be those anticipated by management. Because
actual results may differ materially from those expressed or implied by these forward-looking statements, we caution readers not to place
undue reliance on these statements. Any forward-looking statement speaks only as of the date on which that statement is made. Vireo Growth
assumes no obligation to update any forward-looking statement to reflect events or circumstances that occur after the date on which the
statement is made.

The factors that could cause actual results to
differ materially from our expectations, assumptions and beliefs, include, but are not limited to, the risks described under “Risk Factors” and the following:

● Marijuana remains illegal under U.S. federal
law.

● U.S. state and local regulation of cannabis
is uncertain and changing. New state or local laws may be enacted which affect our product offerings or manufacturing processes.

● Cannabis businesses are subject to applicable
anti-money laundering laws and regulations and have restricted access to banking and other financial services. Recent events in the banking
industry may further restrict our ability to access financial services including obtaining traditional bank financing.

● We operate in a highly regulated sector
and may not always succeed in complying fully with applicable regulatory requirements in all jurisdictions where we carry on business.

● Investors in the Company who are not U.S.
citizens may be denied entry into the United States.

● The Company and its merger targets may
not integrate successfully and the Company may not be able to successfully execute on its merger strategy.

● It may be challenging for the Company
to service the additional indebtedness incurred as a result of the recent mergers.

● Our shareholders may not realize a benefit
from the recent mergers commensurate with the ownership dilution they experienced in connection with the mergers.

● The stockholders of Deep Roots Holdings, Inc.,
the stockholders of WholesomeCo, Inc., and Proper Holdings, LLC in its capacity as the