Company: VREOF
Filing Date: 2025-07-24
Form Type: 424B3
Source: 0001104659-25-070426
Chunk: 26

Company: Vireo Growth Inc.
Filing Date: 2025-07-24
Form: 424B3
Chunk 26
---
ly 100 votes per Multiple Voting Share held).

Class Rights. As long as any Multiple
Voting Shares remain outstanding, the Company will not, without the consent of the holders of the Multiple Voting Shares and Super Voting
Shares by separate special resolution, prejudice or interfere with any right attached to the Multiple Voting Shares. Consent of the holders
of a majority of the outstanding Multiple Voting Shares and Super Voting Shares will be required for any action that authorizes or creates
shares of any class having preferences superior to or on a parity with the Multiple Voting Shares. In connection with the exercise of
the voting rights discussed in this paragraph, each holder of Multiple Voting Shares will have one vote in respect of each Multiple Voting
Share held. Holders of Multiple Voting Shares will not be entitled to a right of first refusal to subscribe for, purchase or receive any
part of any issue of Subordinate Voting Shares, or bonds, debentures or other securities of the Company.

Dividend Rights. The holders of the Multiple
Voting Shares are entitled to receive such dividends as may be declared and paid to holders of the Subordinate Voting Shares on an as-converted
to Subordinate Voting Share basis. No dividend will be declared or paid on the Multiple Voting Shares unless the Company simultaneously
declares or pays, as applicable, equivalent dividends (on an as-converted to Subordinate Voting Share basis) on the Subordinate Voting
Shares and Super Voting Shares.

Liquidation Rights. In the event of the
liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of
assets of the Company among its shareholders for the purpose of winding up its affairs, the holders of Multiple Voting Shares will, subject
to the prior rights of the holders of any shares of the Company ranking in priority to the Multiple Voting Shares, be entitled to participate
ratably along with all other holders of Multiple Voting Shares (on an as-converted to Subordinate Voting Share basis), Subordinate Voting
Shares and Super Voting Shares (on an as-converted to Subordinate Voting Share basis).

<div align='center'>19</div>

Conversion Rights. The Multiple Voting
Shares each have a restricted right to convert into 100 Subordinate Voting Shares (the “Conversion Ratio”), subject
to customary adjustments for certain corporate changes. The ability to convert the Multiple Voting Shares is subject to a restriction
that a holder of Multiple Voting Shares may not convert their shares if after giving effect to such conversion, the holder