Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 14

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 14
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 of the Wholesome Closing Date, including under the WholesomeCo, Inc. 2020 Equity Incentive Plan (the “Wholesome Options”), shall be terminated, and Wholesome shall issue to each holder of Wholesome Options the number of shares of Wholesome Common Stock subject to each Wholesome Option, net of option exercise price and any applicable required tax withholding. Each former holder of Wholesome Options who receives Wholesome Common Stock in exchange for the termination of a Wholesome Option will become a Wholesome stockholder and participate in the Wholesome Transactions along with all other Wholesome stockholders. |

| • | Merger Sub Shares: Each share of the common stock, par value $0.001 per share, of the Wholesome Merger Sub will be converted into one newly issued, fully-paid and non-assessable share of common stock, par value $0.001 per share, of the Wholesome Surviving Corporation. Following the Wholesome Effective Time, all shares of common stock of the Wholesome Surviving Corporation will be held by the Company. |

Financing of the Wholesome Merger The consideration to be paid by the Company to the Wholesome stockholders, including the Wholesome Closing Share Payment and the additional earn-out elements of the merger consideration, will consist of the is newly issued Subordinate Voting Shares. As a result, the Wholesome Merger is not subject to any financing condition.

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Conditions to the Closing of the Wholesome Merger The obligations of the Company, Wholesome Merger Sub, and Wholesome, as applicable, to consummate the Wholesome Merger are subject to the satisfaction or waiver of certain conditions, including (among other conditions) the following:

| • | the approval and adoption of the Wholesome Merger Agreement by the holders of the Wholesome Common Stock; |

| • | the approval of the Wholesome Merger by the holders of the Subordinate Voting Shares and Multiple Voting Shares; |

| • | the consummation of the Wholesome Merger not being made illegal or otherwise restrained or prohibited by any law, order, or action of any governmental authority of competent jurisdiction; |

| • | certain regulatory consents in Utah having been obtained; |

| • | the accuracy of the representations and warranties of the Company, Wholesome Merger Sub, and Wholesome in the Wh