Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 381

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 381
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,786 |
| Thereafter |     |           — |
|            |     | $27,040,786 |

Interest expense, including amortization expense on debt issuance costs, totaled $3,399,802 and $1,679,722 for the years ended December 31, 2024 and 2023, respectively. Debt Issuance Costs Amortization expense included in interest expense was $397,260 for the years ended December 31, 2024 and 2023. Future amortization of loan costs is $111,724 for the year 2025.

B-56

TABLE OF CONTENTS

| NOTE 8: | LEASES |

The components of lease expense are as follows for the years ended December 31:

|                               |     |       2024 |     |     2023 |
| Finance lease expense         |     |            |     |          |
| Amortization of ROU assets    |     |   $175,324 |     |  $14,610 |
| Interest on lease liabilities |     |    254,614 |     |   20,260 |
| Operating lease expense       |     |  1,031,573 |     |  672,647 |
| Total                         |     | $1,461,512 |     | $707,517 |

Supplemental cash flow information and other information related to leases was as follows for the year ended December 31:

|                                                                        |     |     2024 |     |      2023 |
| (Gains) losses on sale-leaseback transactions, net *                   |     |          |     |           |
| Cash paid for amounts included in the measurement of lease liabilities |     |          |     |           |
| Operating cash flows from finance leases (i.e. Interest)               |     | $172,200 |     |        $— |
| Financing cash flows from finance leases (i.e. principal portion)      |     |        — |     |         — |
| Operating cash flows from operating leases                             |     |  947,843 |     |   597,551 |
| ROU assets obtained in exchange for new finance lease liabilities      |     |        — |     | 1,870,127 |
| ROU assets obtained in exchange for new operating lease liabilities    |     |  765,935 |     | 1,680,034 |
| Weighted-average remaining lease term in years for