Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 38

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 38
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, and therefore is an imperfect measure of the combined company’s projected overall financial performance. EBITDA projections are included under “Unaudited Prospective Financial Information” in this Information Statement solely because they were provided to the Board and Moelis in connection with the Transactions and may not be an indication of the combined company’s future financial condition or results of operations.

Projected EBITDA is an incomplete measure of the combined company’s future financial performance. EBITDA should be considered as supplementary to, and not as a substitute for, the combined company’s projected net income and projected total comprehensive income (loss) computed in accordance with GAAP as a measure of the combined company’s projected financial performance.**

### Risk Factors Related to the Operations of Vireo
Whether or not any or all of the Mergers are completed, the Company will continue to face many of the risks that it currently faces with respect to its business and affairs. Certain of these risk factors have been disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on EDGAR and with the Canadian securities regulators and available under the Company's profile on SEDAR+.

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#### TABLE OF CONTENTS

### DESCRIPTION OF THE MERGER AGREEMENTS

#### Explanatory Note Regarding the Merger Agreements
The Merger Agreements and the descriptions of the Merger Agreements have been included to provide investors with information regarding the terms of the Merger Agreements. It is not intended to provide any other factual information about the Company, Deep Roots, Wholesome, Proper, the Proper Companies, Deep Roots Merger Sub, Wholesome Merger Sub, Proper Merger Sub 1, Proper Merger Sub 2, or their respective subsidiaries or affiliates. The representations, warranties and covenants contained in each Merger Agreement were made only for purposes of each Merger Agreement and as of specific agreed upon dates, were solely for the benefit of the parties to each Merger Agreement and may be subject to limitations agreed upon by the parties in connection with negotiating the terms of each Merger Agreement, including being qualified by confidential disclosures made by each party for the purposes of allocating contractual risk between the parties. In addition, certain representations and warranties may be subject to contractual standards of materiality different from those generally applicable to investors and may have been used for the purpose of allocating risk between the parties rather than establishing matters as facts. Information concerning