Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 108

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 108
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ger — Vireo Growth Inc.” above. For additional information about Vireo, see “Information About the Parties to the Mergers — Vireo Growth Inc.” starting on page 99 .

Proper Holdings, LLC

Proper is a private Missouri limited liability company formed on April 12, 2022. Proper is currently one of the largest independent operators in Missouri’s adult-use cannabis market. Led by Chief Executive Officer John Pennington, the company has a total retail footprint of eleven stores, five original and six acquired stores which have been rebranded under the Proper name (two stores are branded N’Bliss), and one undeveloped license. All stores are in the St. Louis area except for one in Kansas City. For additional information about Vireo, see “Information About the Parties to the Mergers — Proper” starting on page 113 .

Vireo PR Merger Sub Inc.

Proper Merger Sub 1 is a Missouri corporation and wholly owned subsidiary of the Company incorporated on December 2, 2024, solely for the purpose of engaging in the Proper Transactions, including the Proper Mergers. Proper Merger Sub 1 has not conducted any business operations except in furtherance of this purpose and activities incident to its incorporation.

Vireo PR Merger Sub II Inc.

Proper Merger Sub 2 is a Missouri corporation and wholly owned subsidiary of the Company incorporated on December 2, 2024, solely for the purpose of engaging in the Proper Transactions, including the Proper Mergers. Proper Merger Sub 2 has not conducted any business operations except in furtherance of this purpose and activities incident to its incorporation.

Proper Holdings Management, Inc.

Proper MSA Newco is a private Missouri corporation and wholly owned subsidiary of Proper incorporated on December 12, 2024, solely for the solely for the purpose of engaging in the Proper Transactions, including the Proper Mergers. Specifically, Proper MSA Newco was incorporated for the purpose of holding and operating all of Proper’s nonregulated assets, subject to a Management Services Agreement (the “Proper Management Services Agreement”) intended to be entered into prior to the Proper Closing Date by and between Proper and Proper MSA Newco (see the section “Description of the Merger Agreements — Proper Mergers — Management Services Agreement” for more information regarding the Proper Management Services Agreement). Proper MSA Newco has not conducted any business operations except in furtherance of this purpose and activities