Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 3

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 3
---
,” “we,” “us” and “our,” unless the context indicates otherwise. Unless otherwise indicated, all references herein to “$” or “US$” are to United States dollars, and to “C$” are to Canadian dollars. See “Accounting Principles.” This Information Statement (the “Information Statement”) is being furnished to the Company’s shareholders of record as of February 6, 2025 (the “Record Date”) in the manner required by Section 14(c) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is being furnished to notify shareholders of the actions taken by written resolutions signed by security holders of more than 50% of the outstanding voting power of the Company’s Subordinate Voting Shares and Multiple Voting Shares (collectively, the “Shares” and such security holders, the “Majority Shareholders”). The requirement to obtain Majority Shareholder approval originates from the listing policies of the Canadian Securities Exchange (the “CSE”), and such approval is not required by the constating documents of the Company, the corporate laws of the Company’s jurisdiction of incorporation, nor applicable United States or Canadian securities laws. Copies of this Information Statement are being mailed on or about March 21, 2025 to the holders of the Company’s Shares as of the Record Date. On December 17, 2024, the Company’s Board of Directors (the “Board”) unanimously approved a series of transactions to acquire:

| • | Proper Holdings Management Inc., a Missouri corporation (“Proper MSA Newco”), and NGH Investments Inc., a Missouri corporation (“NGH”), and to enter into an Agreement and Plan of Merger (as amended, the “Proper Merger Agreement”), dated December 18, 2024, by and among the Company, Proper Holdings, LLC, Vireo PR Merger Sub Inc., Vireo PR Merger Sub II Inc., NGH, Proper MSA Newco and Shareholder Representative Services LLC, pursuant to which the Company would issue Subordinate Voting Shares in consideration of all of the issued and outstanding shares of Proper and complete a business combination transaction pursuant to which (1) Proper MSA Newco would merge with and into a newly incorporated subsidiary of the Company and (2) NGH would merge with and into a newly incorporated subsidiary of the Company (the “Proper Mergers”), and |

The Company entered into each of the Deep Roots Merger Agreement, Proper Merger Agreement and Wholesome Merger