Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 365

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 365
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TABLE OF CONTENTS

Proper Holdings, LLC, Subsidiaries and Affiliates

| (i) | CONSOLIDATED FINANCIAL STATEMENTS |

| (ii) | For the Years Ended |

B-41

TABLE OF CONTENTS

Proper Holdings, LLC, Subsidiaries and Affiliates Table of Contents For the Years Ended December 31, 2024 and 2023

| INDEPENDENT AUDITORS’ REPORT                           |     | B-43 |
| CONSOLIDATED BALANCE SHEET                             |     | B-46 |
| CONSOLIDATED STATEMENT OF OPERATIONS                   |     | B-47 |
| CONSOLIDATED STATEMENT OF CHANGES IN MEMBERS’ INTEREST |     | B-48 |
| CONSOLIDATED STATEMENT OF CASH FLOWS                   |     | B-49 |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS             |     | B-50 |

B-42

#### TABLE OF CONTENTS

#### 1) Independent Auditors’ Report
To the Board of Directors

Proper Holdings, LLC and Subsidiaries

St. Louis, Missouri

#### Opinion
We have audited the consolidated financial statements of Proper Holdings, LLC, Subsidiaries and Affiliates (the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, the related consolidated statement of operations, changes in members’ equity, and cash flows for the years then ended, and the related notes to the consolidated financial statements.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

#### Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

#### Emphasis of a Matter – Cannabis Laws
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