Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 270

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 270
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ger and the corresponding aggregate Deep Roots Merger Consideration is presented in the table below as if the Deep Roots Merger closed on December 31, 2024. The purchase price allocation for the proposed Deep Roots Merger is preliminary and subject to revision once the proposed Deep Roots Merger is complete and as additional information about the fair value of the assets to be acquired and liabilities to be assumed becomes available. In general, due to the nature of certain assets acquired and liabilities assumed, the Company has preliminarily determined that the carrying value of these assets and liabilities as of December 31, 2024 approximate their fair value. Management has not completed a full, detailed valuation analysis. Accordingly, the unaudited pro forma condensed combined financial information includes a preliminary allocation of the purchase price based on assumptions and estimates that, while considered reasonable under the circumstances, are subject to changes, and such changes may be material. Management will continue to refine its identification and valuation of assets to be acquired and liabilities to be assumed as further information becomes available. The final allocation is expected to be completed within twelve months of the Deep Roots Closing Date and could differ materially from the preliminary allocation used in the transaction accounting adjustments. The final allocation may include (1) changes in fair values of inventory and property and equipment; (2) changes in allocations to intangible assets, such as trade names, licenses, and customer relationships, as well as goodwill; and (3) other changes to assets and liabilities.

|                                                             |     |   Fair Value |
| Components of total estimated purchase price consideration: |     |              |
| 50% of Deep Roots Merger Consideration                      |     |  $56,405,200 |
| Contingent consideration - Deep Roots Earn-Out Shares       |     |            — |
| Contingent consideration - Deep Roots Forfeiture Amount     |     |   56,405,200 |
| Contingent consideration - New Retail Forfeiture Amount     |     |            — |
| Total consideration                                         |     | $112,810,400 |
| Assets acquired:                                            |     |              |
| Cash                                                        |     |  $16,066,753 |
| Accounts receivable                                         |     |      574,886 |
| Income tax receivable                                       |     |    8,295,721 |
| Inventory                                                   |     |   12,497,987 |
| Prepayments and other current assets                        |     |    1,906,506 |
| Property and equipment