Role
10%+ Owner
Signature
/s/ Peter Sack, Authorized Person for all Filers
Issuer symbol
VREOF
Transactions as of
30 Apr 2024
Net transactions value
+$31,585
Form type
4
Filing time
22 Apr 2025, 17:38:43 UTC
Next filing
28 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VREO Subordinate Voting Shares Purchase $18,123 +113,267 +0.14% $0.1600 78,235,646 30 Apr 2024 Direct
transaction VREO Subordinate Voting Shares Purchase $13,463 +84,141 +0.11% $0.1600 78,319,787 20 May 2024 Direct
holding VREO Subordinate Voting Shares 32,589,668 30 Apr 2024 See Footnote F1, F2

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 VREO Warrants (right to buy) Purchase $0 +164,698 +31% $0.000000 690,696 30 Apr 2024 Subordinate Voting Shares 164,698 $2.53 Direct F3
transaction VREO Warrants (right to buy) Purchase $0 +143,938 +21% $0.000000 834,634 20 May 2024 Subordinate Voting Shares 143,938 $2.53 Direct F3
holding VREO Warrants (right to buy) 670,620 30 Apr 2024 Subordinate Voting Shares 670,620 $2.53 See Footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The indirect holdings reflect a reduction of 15,834,993 Subordinate Voting Shares that had previously been erroneously reported by the reporting persons as acquired through the conversion of convertible notes in a Form 4 filed August 2, 2024; in fact, such shares were not beneficially owned by the reporting persons.
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 Opportunity Portfolio, LP ("CAOP"). Chicago Atlantic GP Holdings, LLC ("CAGPH") is the managing member of Chicago Atlantic Manager, LLC. CAGPH is also the sole member of Chicago Atlantic Opportunity GP, LLC which is the general partner of CAOP. The shares reported as indirectly held by CAOP are held directly by other CAG affiliates that are not reporting persons, but over whom various reporting persons may be deemed to exercise indirect beneficial ownership. Chicago Atlantic Credit Opportunities, LLC is no longer a reporting person with respect to the issuer's securities. The address for all reporting persons is set forth in Box 1. The reporting persons disclaim beneficial ownership of all reported securities except to the extent of their pecuniary interest therein, if any.
F3 The conversion price is CAD$3.50. The reported conversion price has been translated to U.S. dollars using online information on April 17, 2025.
F4 The warrants reported as indirectly owned are owned directly by a non-filing person over whom CAGGP and CAG may be deemed to exercise indirect beneficial ownership. The reporting persons disclaim beneficial ownership of all reported securities except to the extent of their pecuniary interest therein, if any.