Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 7

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 7
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ger Agreement, if the Deep Roots Merger is completed, Deep Roots Merger Sub will merge with and into Deep Roots, and Deep Roots will continue as the surviving corporation and as a wholly owned subsidiary of the Company (the “Deep Roots Surviving Corporation”). For additional information, see “Description of the Merger Agreements — Deep Roots Merger” starting on page 22 . The Deep Roots Merger will become effective when Articles of Merger are filed with the Nevada Secretary of State or at such later date or time as Deep Roots and the Company may agree in writing (such time is hereinafter referred to as the “Deep Roots Effective Time”).

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Consideration to be Received in the Deep Roots Merger At the closing of the Deep Roots Transactions (the “Deep Roots Closing” and the date of the Deep Roots Closing, the “Deep Roots Closing Date”), subject to the terms and conditions of the Deep Roots Merger Agreement, by virtue of the Deep Roots Merger, the following will occur:

| • | Deep Roots Shares: Each share of the common stock, par value $0.001 per share, of Deep Roots (the “Deep Roots Common Stock”) will be converted into the right to receive, in accordance with the terms of the Deep Roots Merger Agreement, the applicable portion of the Deep Roots Closing Share Payment (as defined below in the section entitled “Description of the Merger Agreements — Deep Roots Merger — Consideration to be Received in the Deep Roots Merger”), subject to a post-closing purchase price adjustment mechanism, which Deep Roots Closing Share Payment will be paid via newly issued Subordinate Voting Shares at a Closing Share Price of $0.52. The Deep Roots stockholders will also be eligible to receive additional Subordinate Voting Shares through an earn-out mechanism based upon the EBITDA performance of Deep Roots and its subsidiaries during 2026. No consideration will be paid with respect to any Deep Roots Common Stock held in treasury by Deep Roots or owned by Deep Roots. The Deep Roots stockholders will also be required to forfeit Subordinate Voting Shares received by such stockholders pursuant to the Deep Roots Merger Agreement in certain circumstances. For additional information on the Deep Roots Closing Share Payment and the additional earn-out elements of the merger consideration payable in connection with the Deep Roots Merger, see “Description of the Merger Agreements — Deep Roots Merger — Consideration.” |

| • | Merger Sub Shares: Each share of