CCB approves management services agreement and seven transfers of interest, including Vireo-DeepRoots merger

At its May 15 meeting the Cannabis Compliance Board approved a management services agreement (MSA) that lets Sunday Co. LLC participate in Indoor Garden Farms LLC operations while a requested transfer of interest (TOI) is processed, and approved seven TOIs and related internal restructurings across Nevada licensees.

Staff summary and MSA

David Staley, division chief of investigations, presented agenda item 4: a management services agreement between Indoor Garden Farms LLC and Sunday Co. LLC that would let Sunday participate in Indoor Gardens’ Carson City cultivation and production operations while the transfer of interest is processed. Staff reviewed the agreement and reported no areas of concern; the board approved the MSA and asked for a 12-month status check-in.

TOI approvals (votes at a glance)

The board approved seven TOI items under agenda item 5. Staff recommended limiting any waivers of NCCR 5.11/5.112 (the board’s small-transfer waiver provisions) to expire on each entity’s next TOI agenda date. Key points and outcomes are summarized below (each approval was made by board motion and voice vote unless noted):

- Premium Produce LLC (TOI 2400003): internal transfer of a 2% membership interest from Steven Silverman to Priscilla Vilchius (raising…