Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 327

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 327
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 the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. |

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

| Certified Public Accountants |

B-3

TABLE OF CONTENTS

Deep Roots Holdings, Inc. and Subsidiaries Table of Contents December 31, 2024 and 2023

|                                                            |     | Page      |
| INDEPENDENT AUDITOR’S REPORT                               |     | B-2 -B-3  |
| CONSOLIDATED FINANCIAL STATEMENTS:                         |     |           |
| Consolidated Balance Sheets                                |     | B-5       |
| Consolidated Statements of Income                          |     | B-6       |
| Consolidated Statements of Changes in Shareholders’ Equity |     | B-7       |
| Consolidated Statements of Cash Flows                      |     | B-8       |
| Notes to the Consolidated Financial Statements             |     | B-9 -B-20 |

B-4

TABLE OF CONTENTS

Deep Roots Holdings, Inc. and Subsidiaries Consolidated Balance Sheets December 31, 2024 and 2023

|                                                                                                          |     | As of December 31, |     |             |
|                                                                                                          |     |               2024 |     |        2023 |
| ASSETS                                                                                                   |     |                    |     |             |
| Current Assets:                                                                                          |     |                    |     |             |
| Cash                                                                                                     |     |        $16,066,753 |     | $19,793,647 |
| Accounts receivable, net                                                                                 |     |            574,886 |     |     129,214 |
| Inventories                                                                                              |     |         12,497,987 |     |   6,360,034 |
| Income tax receivable                                                                                    |     |          8,295,721 |     |  12,305,286 |
| Prepaid expenses and other current assets                                                                |     |          1,906,506 |     |   2,793,207 |
| Note receivable                                                                                          |     |                  — |     |   5,000,000 |
| Total current assets                                                                                     |     |         39,341,853 |     |