Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 161

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 161
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 Company and Chicago Atlantic sent Deep Roots a revised draft of the merger agreement. Among other things, the revised draft re-inserted some of the downward adjustments to the Deep Roots’ EBITDA calculations, limited the restrictive covenants during the earn-out period that were requested by Deep Roots, and increased the number of Company Subordinate Voting Shares that would be forfeited by the Deep Roots stockholders in the event that certain post-closing EBITDA thresholds of Deep Roots were not met.

On November 19, 2024, the Board met. In attendance were members of the Company’s management, Dorsey and Moelis. At such meeting, the Board received an update regarding transaction process as well as dispensary diligence matters regarding Proper.

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On November 20, 2024, Wholesome sent a revised draft of the merger agreement to the Company and Chicago Atlantic. Among other things, the Wholesome draft proposed a decrease in the number of Subordinate Voting Shares that would be forfeited by the Wholesome stockholders in the event that certain post-closing EBITDA thresholds of Wholesome were not met.

On November 21, 2024, the Company’s management, Wholesome and Moelis held an information technology diligence call to discuss digital infrastructure and technological integration.

On November 21 and 22, 2024, the Company’s management, Proper and Moelis conducted a retail diligence call and an information technology diligence call, respectively.

On November 23, 2024, Deep Roots sent a revised draft of the merger agreement to the Company and Chicago Atlantic.

On November 25, 2024, the Company’s management, Proper, Arches management and Moelis discussed the implementation of Arches’ platform across Proper’s stores. Also on that day, Polsinelli provided an updated draft of the Wholesome merger agreement to the Company and Chicago Atlantic, in which Wholesome updated the agreement to address the economics of Arches as the parties had discussed. The Company, Dorsey, Eversheds, Wholesome and Polsinelli discussed the edits to address the structural issues surrounding Arches and the option holders between November 25, 2024 and November 30, 2024.

On November 26, 2024, the Board met. In attendance were members of the Company’s management and Moelis. At such meeting, the Board received an update regarding certain