Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 181

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 181
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 expired and a definitive agreement relating to the Bill’s Nursery Acquisition has not been executed (and may not be executed in the future). Given that Bill’s Nursery is not currently contemplated to be a part of the combined company, the Targets’ Standalone Projections and the Synergy Projections should not be considered an accurate estimate of the financials of the combined company following the consummation of the Mergers described in this Information Statement.

The Forecasted Financial Information was provided by Vireo management to the Board for the purposes of considering, analyzing and evaluating the Transactions and to Moelis, and Vireo management directed Moelis to use the Forecasted Financial Information in connection with its financial analysis and opinion, as described in the section entitled “Opinion of Vireo’s Financial Advisor.” The inclusion of the Forecasted Financial Information should not be regarded as an indication that any of Vireo or its affiliates, officers, directors, advisors, or other representatives or any other recipient of this information considered, or now considers, it to be necessarily predictive of actual future performance or events, or that it should be construed as financial guidance, and such summary projections set forth below should not be relied on as such.

The Forecasted Financial Information was not prepared with a view toward public disclosure, nor was it prepared with a view toward compliance with published guidelines of the United States Securities and Exchange Commission, the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of forward-looking financial information or GAAP. The Forecasted Financial Information included in this Information Statement has been prepared and/or approved by, and is the responsibility of, Vireo management. Neither Vireo’s or the Targets’ respective independent auditors, nor any other independent accountants, have compiled, examined or performed any procedures with respect to the Forecasted Financial Information contained herein, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and assume

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no responsibility for, and disclaim any association with, the Forecasted Financial Information. The independent auditor reports included in this Information Statement relate to the Targets’ previously issued financial statements. They do not extend to the Forecasted Financial Information and should not be read to do so.

This Forecasted Financial Information was prepared solely for internal use and is subjective in many respects. While presented with numeric specificity, the Forecasted Financial Information reflects numerous estimates and assumptions that are inherently uncertain and may be beyond