Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 361

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 361
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 as previously disclosed in the “WholesomeCo Equity Incentive Plan” paragraphs. Stock-based compensation for the year ended December 31, 2024 was $102,531. As of December 31, 2024, the Company had $380,506 of unrecognized stock-based compensation costs related to non-vested awards that will be recognized over a weighted-average period of 1.44 years. The fair value of each stock-based award granted was estimated on the date of the grant using the Black-Scholes option-pricing model with the following assumptions:

|                                                |     |   2024 |
| Weighted average fair value of options granted |     |  $0.20 |
| Weighted average expected dividend yield       |     |  0.00% |
| Weighted average expected volatility           |     | 80.07% |
| Weighted average risk-free interest rate       |     |  4.48% |
| Weighted average expected life (in years)      |     |   1.00 |

The following sets forth the outstanding common stock options and related activity for the year ended December 31, 2024:

| Outstanding as of January 1, 2024   |     | Number of 
   Options 
         — |     |         Weighted 
 Average Exercise 
  Price Per Share 
                — |
|:------------------------------------|:----|----------:|:----|-----------------:|
| Granted                             |     | 7,397,864 |     |            $0.20 |
| Outstanding as of December 31, 2024 |     | 7,397,864 |     |            $0.20 |

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TABLE OF CONTENTS

The following summarizes information about stock options outstanding as of December 31, 2024:

| Exercise Price |     |   Number of 
     Options 
 Outstanding |     |     Weighted 
      Average 
    Remaining 
  Contractual 
 Life (Years) |     | Weighted 
  Average 
 Exercise 
    Price |     |      Number 
  of Options 
 Exercisable |     | Weighted 
  Average 
 Exercise 
    Price |
| $0.20          |     |   7,397,864 |     |         1.44 |     |    $0.20 |     |   2,053,876 |     |    $0.20 |

As of December 31, 2024