Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 250

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 250
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303,000 |
| Net (loss) income and comprehensive (loss) income                                     |     | $(28,007,509) |     |  $7,348,276 |     | $(1,449,636) |     |    |     | $(22,108,869) |
| Net loss per share – basic and diluted                                                |     |       $(0.16) |     |             |     |              |     |    |     |       $(0.06) |
| Weighted average shares used in computation of net loss per share – basic and diluted |     |   180,391,815 |     |             |     |              |     |    |     |   358,507,665 |

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TABLE OF CONTENTS

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED AND CONSOLIDATED FINANCIAL INFORMATION Note 1. Basis of Presentation The unaudited pro forma condensed combined financial information represents the combined companies’ (Vireo and the Proper Companies) unaudited pro forma condensed combined balance sheet as of December 31, 2024 and unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024. The unaudited pro forma condensed combined financial information is based on the historical financial statements of Vireo and Proper, adjusted to give effect to the Proper Mergers, and should be read in conjunction with the historical financial statements from which they are derived. The unaudited pro forma condensed combined financial information is presented in United States dollars. The unaudited pro forma condensed combined balance sheet gives effect to the Proper Mergers as if they had occurred on December 31, 2024. The unaudited pro forma condensed combined statement of operations gives effect to the Proper Mergers as if they had occurred on January 1, 2024. In preparing the unaudited pro forma condensed combined balance sheet and unaudited pro forma condensed combined statement of operations, the following historical information was used:

The unaudited pro forma condensed combined balance sheet and unaudited pro forma condensed combined statement of operations should be read in conjunction with the historical financial statements including the notes thereto, as listed above. The unaudited pro forma condensed combined financial information has been prepared for illustrative purposes only and may not be indicative of the operating results or financial condition that would have been achieved if the Proper Mergers had been completed on the dates or for the