Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 191

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 191
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 safety and maintaining strict quality control. The methods we employ result in consistent production of high-quality products and minimize product recalls and complaints from patients and adult-use customers.

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TABLE OF CONTENTS

Our cultivation business line operates year-round, although operations and sales trends in select markets exhibit seasonal fluctuations. In some regions, outdoor cultivation opportunities arise seasonally, and sales may be impacted during summer and winter months. Additionally, promotional activity often increases around specific industry events and holidays, including April 20, July 10 and Green Wednesday (the Wednesday before Thanksgiving). We operate the following cultivation and production facilities as of the close of business on March 4, 2025:

| Maryland: |                                                                                                                                                                                                                                                                                                                                                   |     | •We operate one cultivation facility of approximately 110,000 square feet total, with 42,814 square feet of greenhouse flowering canopy, and one production facility of approximately 30,000 square feet.                                                                                                 |
|           | •In March 2021, we transferred the cultivation license from our formerly co-located cultivation and processing facility to another facility consisting of approximately 110,000 square feet of greenhouse space and associated land and buildings. The production operation remains at the original combined cultivation and processing facility. |     |                                                                                                                                                                                                                                                                                                           |
|           | •We have a number of customers; our results of operations and financial results in Maryland are not dependent upon sales to one or a few major customers.                                                                                                                                                                                         |     |                                                                                                                                                                                                                                                                                                           |
| Minnesota |                                                                                                                                                                                                                                                                                                                                                   |     | •Currently operate one cultivation and production facility of approximately 90,000 square feet total, with 38,400s square feet of greenhouse flowering canopy.                                                                                                                                            |
|           | •Additional 110,000 square foot operation with 30,000 square feet of indoor flowering canopy is under construction and intended primarily to support the adult-use market when adult-use sales commence.                                                                                                                                          |     |                                                                                                                                                                                                                                                                                                           |
|           | •We have a large number of customers; our results of operations and financial results in Minnesota are not dependent upon sales to one or a few major customers.                                                                                                                                                                                  |     |                                                                                                                                                                                                                                                                                                           |
| New York  |                                                                                                                                                                                                                                                                                                                                                   |     | •Currently operate approximately 160,000 square feet of cultivation and production space total, with 13,280 square feet of operational indoor flowering canopy. An additional 29,040 square feet of indoor flowering canopy is under construction and intended primarily to support the adult-use market. |
|           | •We purchase a modest portion of