MINNEAPOLIS — Vireo Growth Inc.’s subordinate voting shares, multiple voting shares, and super voting shares will be consolidated at a ratio of 30-for-1, effective at market open June 5.
At the annual general and special meeting of shareholders on May 29, 2026, the company’s shareholders, on a class basis, approved a proposal to allow the board to proceed with a share consolidation at not less than 20-for-1 and not more than 40-for-1 with the exact ratio of the consolidation to be determined by the board.
The number of issued and outstanding subordinate voting shares will be reduced from 1,455,017,319 to approximately 48,500,577, subject to minor adjustments resulting from rounding, and the number of issued and outstanding multiple voting shares will be reduced from 232,490 to approximately 7,749. There are currently no super voting shares issued or outstanding. Each shareholder’s respective percentage ownership in the company and proportional voting power will remain unchanged as a result of the consolidation, except for minor adjustments resulting from rounding.
No fractional shares will be issued as a result of the consolidation. The number of post-consolidation shares will be rounded down to the nearest whole number of post-consolidation share. No cash or other compensation will be paid in respect of fractional shares. The exercise or conversion price and the number of shares issuable under any of the company’s outstanding convertible securities will be proportionately adjusted in connection with the consolidation.
Upon the effectiveness of the Share Consolidation, the subordinate voting shares will continue to trade on the Canadian Securities Exchange and on the OTCQX, on a post-consolidation basis, under a new ISIN/CUSIP number.
