FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Chicago Atlantic Group GP, LLC
2. Issuer Name and Ticker or Trading Symbol

Vireo Growth Inc. [ VREO ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

420 N WABASH AVE STE 500, 
3. Date of Earliest Transaction (MM/DD/YYYY)

7/7/2025
(Street)

CHICAGO, IL 60611
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person
(City)        (State)        (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Convertible Note (right to buy) $0.625 7/7/2025  J (1)    $10,000,000  11/1/2024 11/1/2027 Subordinate Voting Shares 16,000,000 $10,000,000 0 I See Footnote (2)
Convertible Note (right to buy) $0.625 7/7/2025  P   $10,000,000    7/7/2025 7/3/2028 Subordinate Voting Shares 16,000,000 $10,000,000 $10,000,000 I See Footnote (2)

Explanation of Responses:
(1) The note, in the original principal amount of $10,000,000, plus accrued and unpaid interest, was fully repaid by the issuer. The number of derivative securities disposed of, amount of underlying securities and price of derivative securities is based only on the original principal amount.
(2) 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 note, in the original principal amount of $10,000,000, reported as indirectly held by CAGPH is held directly by another CAG affiliate that is not a reporting person, but over whom various reporting persons may be deemed to exercise indirect beneficial ownership. 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Chicago Atlantic Group GP, LLC
420 N WABASH AVE STE 500
CHICAGO, IL 60611

X

Chicago Atlantic Opportunity Portfolio, LP
420 NORTH WABASH AVENUE,
SUITE 500
CHICAGO, IL 60611

X

Chicago Atlantic Advisers, LLC
420 NORTH WABASH AVENUE
SUITE 500
CHICAGO, IL 60611

X

Chicago Atlantic Group, LP
420 N WABASH AVE STE 500
CHICAGO, IL 60611

X

Chicago Atlantic GP Holdings, LLC
420 N WABASH AVE STE 500
CHICAGO, IL 60611

X

Chicago Atlantic Manager, LLC
420 N WABASH AVE STE 500
CHICAGO, IL 60611

X

Chicago Atlantic Opportunity GP, LLC
420 NORTH WABASH AVENUE
SUITE 500
CHICAGO, IL 60611

X


Signatures
/s/ Peter Sack, Authorized Person for all Filers7/9/2025
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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