SEC FORM 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Chicago Atlantic Credit Opportunities, LLC

(Last)

(First)

(Middle)

420 NORTH WABASH AVENUE

SUITE 500

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/09/2026

3. Issuer Name and Ticker or Trading Symbol
Vireo Growth Inc. [ VREO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Subordinate Voting Shares ⁽⁴⁾	2,271,158 ⁽²⁾	D ⁽¹⁾ ⁽⁵⁾
Subordinate Voting Shares ⁽⁴⁾	363	D ⁽¹⁾ ⁽⁵⁾
Subordinate Voting Shares ⁽⁴⁾	157,333	D ⁽¹⁾ ⁽⁵⁾
Subordinate Voting Shares ⁽⁴⁾	57,118 ⁽²⁾	D ⁽¹⁾ ⁽⁵⁾
Subordinate Voting Shares ⁽⁴⁾	4,318,279 ⁽²⁾	I ⁽¹⁾ ⁽⁵⁾	By CAOP ⁽¹⁾ ⁽⁵⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrants	04/28/2023	04/28/2028	Subordinate Voting Shares ⁽⁴⁾	163,152	4.35	I ⁽¹⁾ ⁽⁵⁾	By CAOP ⁽¹⁾ ⁽⁵⁾
2025 Convertible Note	07/07/2025⁽³⁾	10/02/2028⁽³⁾	Subordinate Voting Shares ⁽⁴⁾	502,800 ⁽³⁾	18.75 ⁽³⁾	D ⁽¹⁾ ⁽⁵⁾

Explanation of Responses:

1. This Form 3 is filed jointly by Chicago Atlantic Credit Opportunities, LLC ("CACO"), Chicago Atlantic Opportunity Finance, LLC ("CAOF"), Chicago Atlantic Credit Company, LLC ("CACC"), Chicago Atlantic Equity Fund, LLC ("CAEF") and CA CO SPV, LLC ("CA CO SPV"). Chicago Atlantic Advisers, LLC ("CAA"), Chicago Atlantic Manager, LLC ("CAM"), Chicago Atlantic GP Holdings, LLC ("CAGPH"), Chicago Atlantic Group, LP ("CAG"), Chicago Atlantic Group GP, LLC ("CAGGP"), Chicago Atlantic Opportunity Portfolio, LP ("CAOP") and Chicago Atlantic Opportunity GP, LLC ("CAOGP") are filing a separate Form 3 on the date hereof. The Reporting Persons may be deemed members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended, that beneficially owns more than 10% of the Subordinate Voting Shares ("Shares"). Directly owned securities are held by CACO, CACC, CAEF, CA CO SPV and CAOF; indirectly owned securities are held of record by CAOP.

2. Includes Shares received on November 9, 2026, in exchange for common shares of Fluent Corp. issued to the record holder in satisfaction of indebtedness, pursuant to the Issuer's plan of arrangement with Fluent Corp. (CAOP: 1,707,620; CACO: 2,119,324; CA CO SPV: 57,118).

3. Represents Shares issuable upon conversion of the 2025 Convertible Note held by CAOF, which is convertible at any time at the holder's election, based on a conversion amount of $9,427,500 as of November 9, 2026, and a conversion price of $18.75. The number of Shares issuable will vary with repayments and interest accrual. The maturity date may be extended by one year at the borrowers' option.

4. All amounts give effect to the Issuer's 1-for-30 share consolidation effected June 5, 2026. Reflects 79,975 Shares (approximately 2,666 Shares after the consolidation) purchased by CACO in the open market that were under-reported on Form 4s for transactions on April 4, 2025, May 29, 2025, June 3, 2025, and June 6, 2025.

5. CAA is the investment manager to CAOP and CACO; CAG is the managing member of CAA and CACC; CAGGP is the general partner of CAG; CAGPH is the managing member of CAM, the sole member of CAOGP and the owner of Chicago Atlantic Equity Manager, LLC ("CAEM"); CAM is the managing member of CACO; CAOGP is the general partner of CAOP; CACO is the sole owner of CAOF; CAEM is the manager of CAEF; and CA CO SPV is member-managed by three individuals, none of whom individually controls its voting or investment decisions. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

	/s/ Anthony Cappell, Authorized Signatory for Chicago Atlantic Credit Opportunities, LLC	11/13/2026
	** Signature of Reporting Person	Date
	/s/ Anthony Cappell, Authorized Signatory for Chicago Atlantic Opportunity Finance, LLC	11/13/2026
	** Signature of Reporting Person	Date
	/s/ Anthony Cappell, Authorized Signatory for Chicago Atlantic Credit Company, LLC	11/13/2026
	** Signature of Reporting Person	Date
	/s/ Anthony Cappell, Authorized Signatory for Chicago Atlantic Equity Fund, LLC	11/13/2026
	** Signature of Reporting Person	Date
	/s/ Anthony Cappell, Authorized Signatory for CA CO SPV, LLC	11/13/2026
	** Signature of Reporting Person	Date
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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