Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 362

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 362
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, the aggregate intrinsic value of options outstanding and options exercisable was $0 and $0, respectively. 8. Commitments and Contingencies Legal Matters The Company is involved in legal proceedings from time to time arising in the normal course of business. Management, after consultation with legal counsel, believes that the outcome of these proceedings will not have a material impact on the Company’s financial position, results of operations, or liquidity. Operating Leases The Company leases its facilities under operating leases. The Company performed evaluations of its contracts and determined its identified leases are operating leases. The weighted average remaining lease terms and interest rates were as follows as of December 31:

| Lease Term and Discount Rate                  |     |  2024 |     |  2023 |
| Weighted average remaining lease term (years) |     |       |     |       |
| Operating leases                              |     |  9.46 |     | 10.57 |
| Weighted average discount rate                |     |       |     |       |
| Operating leases                              |     | 9.45% |     | 2.91% |

The following table reconciles the undiscounted future cash flows for the next five years and thereafter to the operating lease obligations recorded within the consolidated balance sheet as of December 31, 2024:

| Years Ending December 31,        |     |            |
| 2025                             |     | $1,329,842 |
| 2026                             |     |  1,370,430 |
| 2027                             |     |  1,412,755 |
| 2028                             |     |  1,455,751 |
| 2029                             |     |  1,499,607 |
| Thereafter                       |     |  6,251,453 |
| Total lease payments             |     | 13,319,838 |
| Less: interest                   |     | -4,744,796 |
| Present value of lease liability |     | $8,575,042 |

Cash payments included in the measurement of the operating lease liability for the year ended December 31, 2024 was $857,297. Rental expense under operating leases was $1,421,777 and $918,778 for the years ended December 31, 2024, and 2023, respectively, and is included in selling, general and administrative expenses in the consolidated statements of income. 9. Related Party Transactions During