Chicago Atlantic Credit Opportunities, LLC - Jul 31, 2024 Form 4 Insider Report for Vireo Growth Inc. (VREOF)

Role
10%+ Owner
Signature
/s/John Mazarakis, Authorized Person for all Filers
Stock symbol
VREOF
Transactions as of
Jul 31, 2024
Transactions value $
$0
Form type
4
Date filed
8/2/2024, 09:09 PM
Previous filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VREOF Subordinate Voting Shares Other +8.98M +75.1% 20.9M Jul 31, 2024 Direct F1, F2
transaction VREOF Subordinate Voting Shares Other +9.76K +857.47% 10.9K Jul 31, 2024 See Footnote F1
transaction VREOF Subordinate Voting Shares Conversion of derivative security $8.29M +57.2M +273.05% $0.15* 78.1M Jul 31, 2024 Direct F2, F3
transaction VREOF Subordinate Voting Shares Conversion of derivative security $2.3M +15.8M +145328.5% $0.15* 15.8M Jul 31, 2024 See Footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VREOF Convertible Notes (right to buy) Conversion of derivative security -$8.29M 0 Jul 31, 2024 Subordinate Voting Shares 57.2M $0.15 Direct F2, F3
transaction VREOF Convertible Notes (right to buy) Conversion of derivative security -$2.3M 0 Jul 31, 2024 Subordinate Voting Shares 15.8M $0.15 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities were issued to CAOP (as defined below) and another company for which CAG (as defined below) serves as managing member in partial consideration of certain reporting persons and their affiliate(s) entering into a ninth amendment to a credit agreement with the issuer and certain of its affiliates.
F2 Chicago Atlantic Group GP, LLC is the general partner of Chicago Atlantic Group, LP ("CAG") which is the managing member of Chicago Atlantic Advisers, LLC which is the investment manager of Chicago Atlantic Credit Opportunities, LLC ("CACO") and Chicago Atlantic Opportunity Portfolio, LP ("CAOP"). Chicago Atlantic GP Holdings, LLC ("CAGPH") is the managing member of Chicago Atlantic Manager, LLC which is the managing member of CACO. CAGPH is also the sole member of Chicago Atlantic Opportunity GP, LLC ("CAOGP") which is the general partner of CAOP. The address for all filing persons is set forth in Box 1. The filing persons disclaim beneficial ownership of all reported securities except to the extent of their pecuniary interest therein, if any.
F3 The convertible notes were converted by CAOP.
F4 The convertible notes were converted by a company for which CAG serves as managing member.