Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 167

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 167
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 information). Moelis also relied on the representation of Vireo’s management that they were not aware of any facts or circumstances that would make any such information inaccurate or misleading. Moelis relied upon, without independent verification, the assessment of Vireo and its legal, tax, regulatory and accounting advisors with respect to legal, tax, regulatory and accounting matters. With respect to the financial forecasts, the Expected Synergies and other pro formafinancial effects referred to above, Moelis assumed, at the direction of the Board, that they were reasonably prepared on a basis reflecting the best currently available estimates and judgments of the management of the applicable Target or Vireo, as the case may be, as to the future performance of the applicable Target, Vireo and the combined entity. Moelis also assumed, at the direction of the Board, that the future financial results (including Expected Synergies) reflected in such forecasts and other information will be achieved at the times and in the amounts projected. In addition, Moelis relied on the assessments of the managements of Vireo and the Targets as to Vireo’s ability to retain key employees of Vireo and the Targets and to integrate the businesses of Vireo and the Targets. Moelis expressed no views as to the reasonableness of any financial forecasts or the Expected Synergies or the assumptions on which they are based. In addition Moelis did not make any independent evaluation or appraisal of any of the assets or liabilities (contingent, derivative, off-balance-sheet, or otherwise) of Vireo or any of the Targets, nor was it furnished with any such evaluation or appraisal. With respect to the outstanding litigation involving Vireo as plaintiff and Verano Holdings Corp. as defendant, and for which significant damages are alleged, due to the ongoing nature of the claim, Moelis was directed by the Board not to take into account the value of such claim for purposes of its procedures. Moelis’ opinion did not address Vireo’s underlying business decision to effect the Transactions or the relative merits of the Transactions as compared to any alternative business strategies or transactions that might be available to Vireo and does not address any legal, regulatory, tax or accounting matters. Moelis was not asked to, nor did it, offer any opinion as to any terms of the Transaction Agreements or any aspect or implication of the Transactions, except for the fairness of the Consideration, from a financial point of view