Company: VREOF
Filing Date: 2025-07-24
Form Type: 424B3
Source: 0001104659-25-070426
Chunk: 34

Company: Vireo Growth Inc.
Filing Date: 2025-07-24
Form: 424B3
Chunk 34
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.” Therefore, a U.S. Holder may not be able to claim a U.S. foreign tax credit for any Canadian tax
unless the U.S. Holder has sufficient other foreign source income.

Sale or Other Taxable Disposition of Subordinate Voting Shares

Upon the sale or other taxable disposition of
a Subordinate Voting Share, U.S. Holders generally will recognize capital gain or loss equal to the difference between the amount realized
by such holders on the disposition and their adjusted tax basis in such Subordinate Voting Share. Such gain or loss generally will be
long-term capital gain or loss if the U.S. Holder held such a Subordinate Voting Share for more than one year as of the time of disposition.
Long-term capital gains of individuals are eligible for reduced rates of taxation. The deductibility of capital losses is subject to limitations.

To the extent a sale or other taxable disposition
of the Subordinate Voting Shares by a U.S. Holder results in Canadian tax payable by the U.S. Holder, such U.S. Holder may not be able
to claim a U.S. foreign tax credit for any Canadian tax unless the U.S. Holder has sufficient other foreign source income.

Foreign Currency

The amount of any distribution paid to a
U.S. Holder in foreign currency, or the amount of proceeds paid in foreign currency on the sale, exchange or other taxable
disposition of Subordinate Voting Shares, generally will be equal to the U.S. dollar value of such foreign currency based on the
exchange rate applicable on the date of receipt (regardless of whether such foreign currency is converted into U.S. dollars at that
time). A U.S. Holder will have a basis in the foreign currency equal to its U.S. dollar value on the date of receipt. Any U.S.
Holder who converts or otherwise disposes of the foreign currency after the date of receipt may have a foreign currency exchange
gain or loss that would be treated as ordinary income or loss, and generally will be U.S. source income or loss for foreign tax
credit purposes. Different rules apply to U.S. Holders who use the accrual method of tax accounting. Each U.S. Holder should consult
its own U.S. tax advisors regarding the U.S. federal income tax consequences of receiving, owning, and disposing of foreign
currency.

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Information Reporting and Backup Withholding

In general, information reporting requirements
may apply to dividends paid to a U.S. Holder and to the proceeds of