Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 367

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 367
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 and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements. |

| • | Conclude whether, in our judgment, there are conditions or events, considered in 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.

| BGM CPA LLC                  
 Certified Public Accountants |

Bloomington, Minnesota February 28, 2025

B-44

TABLE OF CONTENTS

Proper Holdings, LLC, Subsidiaries and Affiliates Consolidated Balance Sheets December 31, 2024 and 2023

|                                                           |     |        2024 |     |        2023 |
| ASSETS                                                    |     |             |     |             |
| CURRENT ASSETS                                            |     |             |     |             |
| Cash and Cash Equivalents                                 |     | $15,692,405 |     | $23,523,055 |
| Accounts Receivable, Net of Credit Losses of $212,047 and 
 $62,301, respectively                                     |     |   3,310,640 |     |   2,800,584 |
| Inventory                                                 |     |   8,961,309 |     |   7,119,809 |
| Notes Receivable                                          |     |   9,365,858 |     |   2,500,000 |
| Deposit                                                   |     |   2,500,000 |     |   2,000,000 |
| Other Receivables                                         |     |     191,989 |     |      88,405 |
| Prepaid Expense                                           |     |   1,115,936 |     |   1,075,957 |
| Total Current Assets                                      |     | $41,138,137 |     | $39,107,810 |
| PROPERTY AND EQUIPMENT                                    |     |             |     |             |
| Buildings                                                 |     | $25,610,208 |     | $17,539,507 |
| Leasehold Improvements                                    |     |   5,372,922 |     |   1,886,202 |
| Machinery and Equipment                                   |