Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 320

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 320
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 (collectively, the “Cannabis Laws”), if any. Additionally, each Party is required to, among other things:

| • | Within 10 Business Days after the execution of the Merger Agreement make all required filings of notification and report forms pursuant to the HSR Act, including seeking early termination of the waiting period. The Parties have determined that no such filings are required. |

| • | Cooperate in good faith with one another in obtaining the Regulatory Consents, keeping each other fully informed regarding status, processes, and proceedings, and promptly notifying the other of any material communication from a Governmental Entity concerning the Merger Agreement. |

| • | Allow the other party to review and provide input on proposed communications with Governmental Entities. |

| • | Respond in good faith and as soon as reasonably practicable to any information requests from a Governmental Entity regarding the Regulatory Consents. |

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| • | Furnish necessary information and reasonable assistance to help the other party prepare filings and submissions to Governmental Entities. |

| • | Negotiate in good faith to amend or otherwise modify the Merger Agreement to reflect terms that most closely approximate the Parties’ original intentions, but are responsive to and compliant with the requirements of the Cannabis Laws. |

Cannabis Laws Pursuant to the Cannabis Laws, certain owners, individuals, and officers are required to undergo background checks in order to confirm they have not been convicted of an offense that would disqualify them under applicable law from obtaining ownership in a regulated license or from being employed by the Company. In addition, certain Cannabis Laws require regulatory approval of changes in ownership or control of regulated cannabis licenses, requiring that the parties to submit applications or requests describing the proposed transaction, disclosing new ownership of the regulated company, and providing other information. Parent Cannabis Laws Under the Parent Cannabis Laws, the Company may need approval from the Minnesota Office of Cannabis Management, the Maryland Cannabis Administration, and the New York Office of Cannabis Management for certain new owners and key individuals. Specifically, approval may be required for new owners who will hold a financial interest above a specified threshold and for individuals who will serve as officers or directors of Parent after closing. The Company expects to identify any such owners and individuals closer to the closing date. Missouri Cannabis Laws Pursuant to the Missouri Cannabis Laws, Proper is required to obtain approval of the Holdings Restructure (as defined in the Proper Merger Agreement) from the DHSS to close the Proper Mergers. Nevada Cannabis Laws Pursuant to the Nevada