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CCB approves loan collateral for Vireo Growth; licenses remain subject to suitability review
Summary
The board approved a security interest under loan documents between Vireo Growth (parent of DeepRoots licensees) and lenders including East West Bank and Western Alliance, with counsel stressing that any foreclosure would require CCB suitability and license-transfer review.
The Nevada Cannabis Compliance Board approved a proposed security interest under loan documents between Vireo Growth Inc. (the public parent of DeepRoots licensees) and several lenders, clearing a path for the financing while preserving CCB oversight in any foreclosure or suitability event.
Rachel Branner of CCB staff introduced the item and said staff found no areas of…
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