Ms. Lynn Ricci reports

VIREO GROWTH INC. COMPLETES ACQUISITION OF M3 WELLNESS, A NEVADA DISPENSARY

Vireo Growth Inc. has closed its previously announced indirect acquisition of M3 Wellness, a dispensary located in Hawthorne, Nev., from M3 Wellness LLC, pursuant to an asset purchase agreement entered on June 5, 2026.

The total consideration for the transaction was $500,000, $290,000 of which was settled in cash on the closing date, with the remaining $210,000 balance satisfied by the issuance of 13,888 subordinate voting shares of Vireo, at a deemed issue price per share of $15.12.

About Vireo Growth Inc.

Vireo Growth is a leading vertically integrated cannabis company building a broad platform across cannabis and adjacent agricultural markets. The company operates cultivation, manufacturing, retail dispensaries, home delivery, distribution and agricultural supply businesses across the United States, creating exposure to both cannabis and complementary adjacent markets. With operations in 10 states and more than 170 dispensaries nationwide, Vireo combines disciplined capital allocation, strategic acquisitions and local market execution to scale its platform and drive long-term shareholder value. The company is focused on expanding market share and strengthening its portfolio of consumer brands and services, while supporting the customers, employees, shareholders and communities it serves.

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