Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 62

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 62
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, statutory appraisal rights under applicable Nevada law; |

| • | Deep Roots and its subsidiaries having cash in an amount not less than (i) $3,000,000 (exclusive of any cash reserves required to be held by Deep Roots and its subsidiaries in respect of certain tax obligations)plus(ii) the net cash flow from operating activities, on an after tax basis, of Deep Roots and its subsidiaries from January 1, 2025 through the Deep Roots Closing Date (the “Deep Roots Minimum Cash Amount”); |

| • | the required approval of the Deep Roots Merger Agreement by the CSE having been received; |

| • | Deep Roots and its stockholders delivering a Letter of Transmittal pursuant to the terms of the Deep Roots Merger Agreement; |

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| • | Deep Roots having terminated its equity incentive plan; and |

| • | certain third-party consents having been obtained. |

The obligations of Deep Roots to consummate the Deep Roots Merger are subject to the satisfaction or waiver of certain additional conditions, including the following:

| • | the accuracy of certain representations and warranties of the Company and Deep Roots Merger Sub in the Deep Roots Merger Agreement to be true and correct in all respects, subject to materiality qualifiers (or, with respect to such representations and warranties that are not subject to materiality qualifiers, in all material respects), or, in the case of the Company’s and Deep Roots Merger Sub’s organization and authority, capitalization, and broker fee representations and warranties, other than for anyde minimisinaccuracies, as of the date of the Deep Roots Merger Agreement and as of Deep Roots Closing Date, or, as applicable, the date in respect of which such representation or warranty was specifically made; |

| • | the Company and Deep Roots Merger Sub having performed in all material respects the obligations under the Deep Roots Merger Agreement on or prior to the Deep Roots Closing Date; |

| • | since the date of the Deep Roots Merger Agreement, there not having occurred any material adverse effect with respect to the Company, in each case as further described in the Deep Roots Merger Agreement; |

| • | the Company and Deep Roots Merger Sub have delivered to Deep Roots the closing deliverables required by the Deep Roots Merger Agreement; and |

| • | the Company continuing to be treated as a domestic corporation for U.S. federal income tax purposes. |

Under the terms of the Deep Roots Merger Agreement, the parties’ mutual