Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 339

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 339
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 2023. Intangible assets are comprised of licenses and are amortized over 15 years. The Company recoded amortization expense of $255,122 for the year ended December 31, 2024.

B-16

TABLE OF CONTENTS

7. INTANGIBLE ASSETS (continued) The following table outlines the estimated annual amortization expense related to intangible assets as of December 31, 2024, which is subject to amortization of 15 years.

| Year Ending December 31, 
 2025                     |     |    Estimated 
 Amortization 
   $1,369,412 |
|:-------------------------|:----|-------------:|
| 2026                     |     |    1,369,412 |
| 2027                     |     |    1,369,412 |
| 2028                     |     |    1,369,412 |
| 2029                     |     |    1,369,412 |
| Thereafter               |     |   13,439,002 |
| Total                    |     |  $20,286,062 |

| 8. | GOODWILL |

As of December 31, 2024, goodwill consisted of the following:

| Balance as of January 1, 2024      |     |   Goodwill 
         $— |
|:-----------------------------------|:----|-----------:|
| Addition from business combination |     |  6,537,500 |
| Balance as of December 31, 2024    |     | $6,537,500 |
| Accumulated Amortization           |     |            |
| Balance as of January 1, 2024      |     |         $— |
| Amortization                       |     |    121,795 |
| Balance as of December 31, 2024    |     | $6,415,705 |

There was no goodwill as of December 31, 2023. The Company recoded amortization expense for goodwill of $121,795 for the year ended December 31, 2024. The following table outlines the estimated annual amortization expense related to goodwill as of December 31, 2024, which is subject to amortization of 10 years.

| Year Ending December 31, 
 2025                     |     |    Estimated 
 Amortization 
     $653,750 |
|:-------------------------|:----|-------------:|
|