Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 325

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 325
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 date hereof by Proper Holdings, LLC (“Proper”), the Company, two wholly owned subsidiaries of the Company (each, a “Proper Acquisition Sub”), the two parent companies of Proper (each, a “Proper Holdco”), among others, whereby, as more fully described in the Proper Agreement, each Proper Acquisition Sub will be merged with and into a Proper Holdco (the “Proper Transaction”) and the issued and outstanding shares of each of the Proper Holdcos will be converted into the right to receive, in the aggregate, 178,115,850 Company Shares, based on a valuation per Company Share of US$0.52 (the “ProperConsideration”), subject to adjustments as specified in the Proper Agreement (as to which we express no opinion); |

| (c) | the Agreement and Plan of Merger (the “Deep Roots Agreement”) to be entered into on the date hereof by Deep Roots Holdings, Inc. (“Deep Roots”), the Company and a wholly owned subsidiary of the Company (“Deep Roots Acquisition Sub”), among others, whereby, as more fully described in the Deep Roots Agreement, Deep Roots Acquisition Sub will be merged with and into Deep Roots (the “Deep RootsTransaction”) and the issued and outstanding shares of Deep Roots will be converted into the right to receive, in the aggregate, 245,240,000 Company Shares, based on a valuation per Company Share of US$0.52 (the “Deep Roots Consideration”), subject to adjustments as specified in the Deep Roots Agreement (as to which we express no opinion); and |

MOU”) and the draft of Bill’s Nursery Agreement reviewed by us, Bill’s Nursery Acquisition Sub will 399 Park Avenue | 4 thFloor | New York, NY 10022 Moelis & Company LLC doing business as Moelis

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| be merged with and into Bill’s Nursery (the “Bill’s Nursery Transaction” and, together with the WholesomeCo Transaction, the Proper Transaction and the Deep Roots Transaction, the “Transaction”) and the issued and outstanding shares of Bill’s Nursery will be converted into the right to receive, in the aggregate, 210,000,000 Company Shares, based on a valuation per Company Share of US$0.52 (the “Bill’sNursery Consideration” and, together with the WholesomeCo Consideration, the Proper Consideration and the Deep Roots Consideration, the “Consideration”), subject to adjustments as specified in the