Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 10

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 10
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376,240. For additional information regarding these termination fees, see “Description of the Merger Agreements — Deep Roots Merger — Termination Fees.” Regulatory Approvals Required for the Deep Roots Merger The Company expects that certain regulatory clearances or approvals will be required for the completion of the Deep Roots Merger and the other Deep Roots Transactions, including approval from the Nevada Cannabis Compliance Board (the “CBB”) with respect to certain cannabis licenses held by Deep Roots in Nevada and the approval of the Deep Roots Merger Agreement by the CSE. We cannot assure you that any such regulatory clearances and approvals will be timely obtained, obtained at all, or that the granting of any such regulatory clearances and approvals will not involve the imposition of additional conditions on the completion of the Deep Roots Merger, including the requirement to divest assets, or require changes to the terms of the Deep Roots Merger Agreement. These conditions or changes could result in the conditions to the Deep Roots Merger not being satisfied. For additional information on regulatory matters, see “Regulatory Approvals.” Recommendation of the Board The Board, after consideration and consultation with its legal and financial advisors (including consideration of the Moelis & Company LLC (“Moelis”) fairness opinion, which assessed the fairness, from a financial point of view, of the consideration to be paid in all of the Transactions, including the Bill’s Nursery Acquisition (each as defined in the section entitled “Background of the Mergers”), as a whole, to the Company), (i) determined that the Merger

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Agreements and the transactions contemplated in each case thereby, including the Share Issuance, are fair to, and in the best interests of, the Company’s shareholders, (ii) approved the Merger Agreements, the Share Issuance and the related transactions and (iii) recommended that the Company’s shareholders approve the Merger Agreements and the transactions in each case contemplated thereby, including the Share Issuance.

**Required Shareholder Approval for the Deep Roots Merger**

On   , 2025, the Majority Shareholders, which control   % of the Company’s voting power, executed a written resolution approving the Mergers, including the Deep Roots Merger, and the Share Issuance as consideration for the Mergers, including the Deep Roots Merger. The delivery of the written resolutions was sufficient to approve the Mergers and the Share Issuance. For additional information