Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 53

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 53
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 (h) the public announcement or pendency of the transactions contemplated by Deep Roots Merger Agreement; or (i) any failure (in and of itself) by Deep Roots and its subsidiaries to meet, with respect to any period or periods, any projections or forecasts, estimates of earnings or revenues or business plan (provided, that any effect, event, development, occurrence, fact, condition or change giving rise to or contributing to such failure may be deemed to constitute, or be taken into account in determining whether there has been a Material Adverse Effect); provided further, however, that any event, occurrence, fact, condition or change referred to in clauses (a) through (f) immediately above shall be taken into account in determining whether a Material Adverse Effect has occurred or could reasonably be expected to occur to the extent that such event, occurrence, fact, condition or change has a disproportionate effect on Deep Roots and its subsidiaries compared to other participants in the industries in which Deep Roots and its subsidiaries conduct their businesses.

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TABLE OF CONTENTS

The Company and Deep Roots Merger Sub also made a number of representations and warranties to Deep Roots, including the following:

| • | the organization, good standing and qualification of each of the Company and Deep Roots Merger Sub; |

| • | the Company’s and Deep Roots Merger Sub’s respective corporate power and authority to execute and deliver the Deep Roots Merger Agreement, perform its obligations thereunder and under the documents and agreements contemplated by the Deep Roots Merger Agreement, and to consummate the Deep Roots Transactions, and the enforceability and due execution and delivery of the Deep Roots Merger Agreement and the documents and agreements contemplated by the Deep Roots Merger Agreement; |

| • | the absence of conflicts with governing documents, applicable laws and contracts; |

| • | the operations of Deep Roots Merger Sub; |

| • | brokers’ and finders’ fees and other expenses payable by the Company or Deep Roots Merger Sub; |

| • | the solvency of the Company and Deep Roots Merger Sub; |

| • | the absence of certain suits, claims, actions, proceedings, arbitrations, mediations or investigations; |

| • | the capitalization of the Company and certain matters with respect to the Subordinate Voting Shares; |

| • | the financial statements of the Company; |

| • | the absence of certain undisclosed material liabilities; |

| • | the compliance with applicable laws; |

| • | certain U.S. and Canadian securities laws matters;