Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 35

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 35
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 advisor, in connection with the Mergers, has delivered to the Board a written opinion, dated December 17, 2024, that as of such date and based upon and subject to the assumptions made, procedures followed, matters considered and other limitations set forth in the opinion, the consideration to be paid by the**

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**Company to Deep Roots, Wholesome, the Proper Companies and Bill’s Nursery, Inc. (“Bill’s Nursery”), pursuant to the Merger Agreements with respect to Deep Roots, Wholesome, the Proper Companies and with respect to a memorandum of understanding with respect to Bill’s Nursery, taken as a whole, was fair, from a financial point of view, to Vireo.

The Board has not obtained an updated fairness opinion as of the date of this Information Statement from Moelis, and the Board does not expect to request or receive an updated fairness opinion prior to the completion of the Mergers.

Moelis’ opinion does not reflect changes, circumstances, developments or events that have occurred, or that may occur, after the date of the opinion, including the fact that certain of the Transactions may not be consummated, regulatory or legal changes, changes in the operations and prospects of the Company or Deep Roots, Wholesome or the Proper Companies, general market and economic conditions and other factors, each of which may be beyond the control of the Company, Deep Roots, Wholesome, or the Proper Companies. As of February 23, 2025, the Company had not entered into a definitive merger agreement with Bill’s Nursery and the exclusivity period under the memorandum of understanding with Bill’s Nursery had expired. The conclusions reached by Moelis in its fairness opinion may have been materially different without the inclusion of Bill’s Nursery. Moelis’ opinion does not speak as of the time any of the Mergers will be completed or as of any date other than the date of the opinion. The Board does not anticipate asking Moelis to update its opinion, and Moelis has no obligation or responsibility to update, revise or reaffirm its opinion. For a more complete description of the opinion that Moelis delivered, and a summary of the material financial analyses performed, in connection with such opinion, refer to the section below entitled “Opinion of Vireo’s Financial Advisor.” Moelis’ opinion is attached as Appendix A to this Information Statement and is incorporated by reference herein.

The