Company: VREOF
Filing Date: 2025-07-15
Form Type: S-3
Source: 0001104659-25-068137
Chunk: 10

Company: Vireo Growth Inc.
Filing Date: 2025-07-15
Form: S-3
Chunk 10
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which include cultivation, manufacturing, wholesale and retail business lines. With our core operations strategically located in six limited-license
medical and adult-use markets, Vireo Growth cultivates and manufactures cannabis products in environmentally friendly greenhouses and
other facilities and distributes these products through our growing network of Green Goods™ and other Vireo Growth branded retail
dispensaries, as well as third-party dispensaries in the markets in which our subsidiaries hold operating licenses.

As of June 30, 2025,
Vireo Growth, through its subsidiaries, has licenses and operates in six states, consisting of Maryland, Minnesota, Missouri, Nevada,
New York and Utah. Additionally, the Company has non-operating assets and liabilities in Nevada and Massachusetts. As of June 30, 2025,
we retail cannabis products in 36 dispensaries located across Maryland (2), Minnesota (8), Missouri (11), Nevada (10) New York (4), and
Utah (1) and wholesales cannabis products, through third-party companies, in Maryland, Minnesota, Missouri, Nevada, New York and
Utah.

Our registered office
is located at 1000 Cathedral Place, 925 West Georgia Street, Vancouver, British Columbia V6E 3L2. Our head office is located at 207 South
Ninth Street, Minneapolis, Minnesota 55402.

History of the Company

Our business was established
in 2014 as Minnesota Medical Solutions, LLC (“Minnesota Medical Solutions”), and we received our first license
in December 2014. On January 1, 2018, all the equity of Minnesota Medical Solutions, and Empire State Health Solutions, LLC, was
acquired by Vireo Health, Inc. ("Vireo U.S.") in an equity interest swap transaction.

The Company was incorporated
under the Business Corporations Act (Alberta) on November 23,
2004 as a capital pool company under the name “Initial Capital Inc.” On May 8, 2007, the Company changed its name
to “Digifonica International Inc.” following the completion of a qualifying transaction on the TSX Venture Exchange.
On December 9, 2013, the Company continued into British Columbia under the name of “Dominion Energy Inc.”, subsequently
changed its name to "Dynamic Oil & Gas Exploration Inc." on June 30, 2014, and to "Darien Business Development Corp."
on March 13, 2017. On March 18, 201