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CCB approves seven transfers of interest and restructurings; staff flagged financing, internal reorganizations and a tax delinquency for follow-up
Summary
The Cannabis Compliance Board approved seven transfer-of-interest requests May 15 covering internal ownership changes, acquisitions and a merger, but limited short-term waivers and flagged financing, internal-reorganization and tax items for follow-up.
The Cannabis Compliance Board on May 15 approved seven transfer-of-interest (TOI) requests covering internal ownership changes, asset transfers and a merger, while flagging several items for monitoring and follow-up.
Chief investigator David Staley presented seven TOIs and staff recommendations. The board acted on transactions involving Premium Produce LLC, DEP Nevada Inc. (sale to Fox Farms LLC), ETW Management Group (sale to Synergy Investments LLC), TGIG LLC (purchase of New Leaf VLV Retail Dispensary LLC), Altmore Debt 1 LLC (taking a cultivation license to satisfy a debt), Taproot Holdings/M3 Wellness (internal restructuring and a rural dispensary transfer) and Vireo Growth Inc.'s proposed acquisition of DeepRoots Holdings Inc.
Key board actions and staff notes:
- Premium Produce LLC: Staff reported no areas of concern. The board approved an internal transfer increasing Priscilla Vilchius’s membership and limited…
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