Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 352

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 352
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 |  8,000 |     |      385,567 |     |    386 |     |                                      8,213,163 |     |   -11,316,804 |     |              — |     |       -3,086,483 |
| Issuance of common stock upon exercise of stock options            |     |      143,200 |     |    143 |     |            — |     |      — |     |            — |     |      — |     |                                         51,639 |     |             — |     |              — |     |           51,782 |
| Issuance of Series 2 preferred stock at Arches IP, Inc. subsidiary |     |            — |     |      — |     |            — |     |      — |     |            — |     |      — |     |                                              — |     |             — |     |      1,400,000 |     |        1,400,000 |
| Stock-based compensation                                           |     |            — |     |      — |     |            — |     |      — |     |            — |     |      — |     |                                        192,849 |     |             — |     |              — |     |          192,849 |
| Net income (loss)                                                  |     |            — |     |      — |     |            — |     |      — |     |            — |     |      — |     |                                              — |     |     5,396,543 |     |       -370,759 |     |        5,025,784 |
| Balance at December 31, 2024                                       |     |    8,914,975 |     | $8,915 |     |    8,000,000 |     | $8,000 |     |      385,567 |     |   $386 |     |                                    $ 8,457,651 |     |  $(5,920,261) |     |     $1,029,241 |     |       $3,583,932 |

See accompanying notes to consolidated financial statements. B-26

TABLE OF CONTENTS

Consolidated Statements of Cash Flows

|                                                                              |     | For the Years Ended December 31, |     |            |
|                                                                              |     |                             2024 |     |       2023 |
| Cash flows from operating activities: