Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 383

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 383
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31, 2024. On February 7, 2024, the Company completed the acquisition of SLCC, LLC, a single dispensary operation located in Kansas City, MO. SLCC, LLC was determined to be a VIE during the year ended December 31, 2023. (See Note 16 – Acquisition). The following table presents summarized financial information about the Companies affiliates as of and for the years ended December 31, 2024 and December 31, 2023:

|                                          |     | As of December 31, |     |            |
|                                          |     |               2024 |     |       2023 |
| Included in Consolidated Balance Sheets: |     |                    |     |            |
| Current Assets                           |     |         $5,482,847 |     | $6,415,129 |
| Non-Current Assets                       |     |          3,691,743 |     |  4,035,406 |
| Current Liabilities                      |     |          3,831,034 |     |  4,199,841 |
| Non-Current Liabilities                  |     |          3,623,487 |     |  3,952,574 |
| Equity attributable to the Company       |     |          1,720,069 |     |  2,298,120 |

Included in Consolidated Statement of Operations:

|                         |     | Year Ended December 31, 
                    2024 |     |        2023 |
|:------------------------|:----|------------------------:|:----|------------:|
| Net Sales               |     |             $23,142,919 |     | $13,791,922 |
| Operating Income (Loss) |     |               5,929,069 |     |   3,271,858 |
| Net Income (Loss)       |     |               3,401,308 |     |     994,050 |

B-60

TABLE OF CONTENTS

| NOTE 18: | COMMITMENTS |

On July 6, 2023, the Company entered into a Member Interest Purchase Agreement with the Members of Nirvana Investments LLC and all subsidiaries (“Nirvana”) and a Management Service Agreement of Nirvana. The purchase price is $27,000,000 cash. On the signing of the agreements, the Company paid $2,500,000 on July 6, 2023, and