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 Vilchius’s membership to 71%); waiver of NCCR 5.11 requested and staff recommended expiration of the waiver on the licensee’s next TOI agenda date. No staff areas of concern were reported; motion approved.

- DEP Nevada Inc. / Fox Farms LLC (TOI 2400010): Nevada Medical Group LLC (a DEP subsidiary) will sell cultivation, production and distribution licenses to Fox Farms LLC; a requested NCCR 5.11 waiver was limited to expire on the next TOI agenda date. Staff reported no areas of concern; motion approved.

- ETW Management Group LLC / Synergy Investments LLC (TOI 2400012): ETW proposed sale of cultivation license C023 to Synergy Investments LLC (owned by Gilbert Avila III). Staff noted two areas of interest: an internal reorganization that took place without prior board notice (to address tax planning) and that the purchaser had limited financial resources and would need additional financing to make C023 operational. Applicants provided documentation and testimony confirming financing sources and operational experience; the board approved the transfer.

- TGIG LLC / Jushi Holdings (TOIs 2400047 and 2400064): TGIG requested approval to purchase Jushi’s New Leaf VLV Retail Dispensary LLC (D069) and complete internal restructuring that includes placing revocable trusts in the ownership structure. Staff found no areas of concern; motions approved, with recommended time-limited waivers where applicable.

- Altmore Debt 1 LLC / Lighthouse Strategies Inc. (TOI 2400061): Altmore would acquire cultivation license C101 from Lighthouse to satisfy a March 2022 loan default. Staff reported the transaction as a debt-for-license transfer and recommended limiting any small-transfer waiver to the next TOI date. The board approved the transfer. Altmore representatives said the new operator will run the indoor facility at 3265 West Post Road and that Altmore has invested nationwide capital into cannabis ventures.

- Taproot Holdings MB LLC / m3 Wellness LLC (TOI 2400062): Transfer of conditional retail license RD673 (Hawthorne) to m3 Wellness LLC (owned by Laura Langmeier) to enable vertical integration with existing MomsMeds cultivation/production operations; staff reported no areas of concern and the board approved the transfer.

- Vireo Growth Inc. / DeepRoots Holdings Inc. (TOIs 24000003 and 24000004): Vireo will acquire DeepRoots in an all‑stock transaction that leaves existing DeepRoots executives in operational control. Staff identified an area of interest: a Vireo-affiliated license (MJ Distributing C201 LLC) owed approximately $469,000 to the Nevada Department of Taxation; the transcript records the Nevada Tax Commission approved a payment plan on May 7, 2025 and CCB staff said the company is in good standing with the Department of Taxation. The board approved the merger and restructuring; staff will continue normal post-TOI review.

Why it matters

These approvals reorganize ownership and operational responsibility across multiple Nevada cannabis licenses, from cultivation and production facilities to retail dispensaries, and include the entry of public-company capital and investor-backed entities into the state market. Staff recommended time-limited waivers for small transfers and asked for status check-ins where appropriate.

Next steps

For MSAs and TOIs, conditional approvals require follow-through: parties must complete any outstanding TOI paperwork, finalize facility preparations, and undergo CCB audit and inspection before a final transfer becomes effective. Where the board limited waiver authority, licensees will appear at the next TOI agenda date or as required by staff for follow-up reporting.

Provenance (transcript excerpts): the management-services agreement discussion begins at s=3277.915 and the TOI block runs from s=3485.49 through the Vireo/DeepRoots merger vote ending at s≈6579.705.