Company: VREOF
Filing Date: 2025-07-15
Form Type: S-3
Source: 0001104659-25-068137
Chunk: 11

Company: Vireo Growth Inc.
Filing Date: 2025-07-15
Form: S-3
Chunk 11
---
9, the Company changed its name to "Vireo Health International, Inc." following the completion
of a reverse takeover transaction (the "RTO") with Vireo U.S. pursuant to which the former shareholders of Vireo U.S.
acquired control of the Company and continued on with our business.

On June 9, 2021, we changed
our name to “Goodness Growth Holdings, Inc.” On June 25, 2024 we changed our name to “Vireo Growth Inc.”

On May 12, 2025, the
Company completed its previously announced acquisition of all of the issued and outstanding shares of common stock of WholesomeCo, Inc.,
whereby WholesomeCo, Inc. became a wholly-owned subsidiary of the Company. On June 5, 2025, the Company completed its previously announced
acquisition of Proper Holdings Management, Inc. and NGH Investments, Inc., whereby each of Proper Holdings Management, Inc. and NGH Investments,
Inc. became a wholly-owned subsidiary of the Company. On June 6, 2025, the Company completed its previously announced acquisition of Deep
Roots Holdings, Inc., whereby Deep Roots Holdings, Inc. became a wholly-owned subsidiary of the Company.

Arrangement Agreement

We and Verano Holdings
Inc. ("Verano") entered into an Arrangement Agreement dated January 31, 2022, later amended on June 22, 2022 (combined,
the "Arrangement Agreement"). Pursuant to the Arrangement Agreement, Verano agreed, among other things, to acquire all
of the outstanding shares of Vireo.

We received notice
from Verano on October 13, 2022, of Verano's purported termination of the Arrangement Agreement. We believe that Verano has no
factual or legal basis to justify or support its purported grounds for termination of the Arrangement Agreement, and on October 13,
2022, we commenced an action in the Supreme Court of British Columbia against Verano. See “Item 3. Legal Proceedings – Verano” and “Item 1A. Risk Factors — We are involved in litigation with Verano, the outcome of which is uncertain.”

<div align='center'>5</div>

Description of the Business Overview of the Company Vireo Growth is the holding company for : (a) WholesomeCo, Inc., a Delaware corporation operating in Utah's medical market; (b) Deep Roots Holdings, Inc