Company: VREOF
Filing Date: 2025-07-24
Form Type: 424B3
Source: 0001104659-25-070426
Chunk: 29

Company: Vireo Growth Inc.
Filing Date: 2025-07-24
Form: 424B3
Chunk 29
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26, 1980, as amended
(the “Canada-U.S. Tax Convention”), publicly announced by or on behalf of the Minister of Finance (Canada) prior to
the date hereof, referred to as the "Proposed Amendments" and assumes that all Proposed Amendments will be enacted in the form
proposed. However, no assurances can be given that the Proposed Amendments will be enacted as proposed, or at all. Except as otherwise
expressly provided, this summary does not take into account any provincial, territorial or foreign (including without limitation, any
United States) tax law or treaty.

This summary is of a general nature only and is not intended to be, nor should it be construed to be, legal or tax advice to any specific purchaser, and no representations with respect to the income tax consequences to any purchaser are made. Holders of Subordinate Voting Shares should consult their own tax advisors for advice with respect to the tax consequences to them of holding and disposing of such shares, having regard to their particular circumstances.

Each U.S. Holder is advised to obtain tax and legal advice applicable to such U.S. Holder’s particular circumstances.

Currency Conversion

In general,
for purposes of the Tax Act, all amounts relating to the acquisition, holding or disposition of the Subordinate Voting Shares must be
converted into Canadian dollars based on the applicable exchange rate quoted by the Bank of Canada for the relevant day or such other
rate of exchange that is acceptable to the Canada Revenue Agency.

Dividends

Dividends
paid or credited on the Subordinate Voting Shares or deemed to be paid or credited on the Subordinate Voting Shares to a U.S. Holder will
be subject to Canadian withholding tax at the rate of 25%. Under the Canada-U.S. Tax Convention, where dividends on the Subordinate Voting
Shares are considered to be paid to or derived by a U.S. Holder that is a beneficial owner of the dividends and is a U.S. resident for
the purposes of, and is entitled to benefits of, the Canada-U.S. Tax Convention, the applicable rate of Canadian withholding tax is generally
reduced to 15%. If the U.S. Holder is a company that is a resident of the U.S. for purposes of, and is eligible for and entitled to benefits
under, the Canada-U.S. Tax Convention, and that owns at least 10% of the voting stock of the Company and beneficially owns the dividend,
the rate of withholding tax is 5% for dividends paid or credited