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Vireo Growth merger with DeepRoots approved after tax-delinquency disclosure and payment-plan resolution
Summary
The CCB approved Vireo Growth’s acquisition of DeepRoots’ Nevada licenses after applicants disclosed a tax delinquency that the Nevada Department of Taxation placed on a payment plan May 7, 2025. Board approved with standard TOI waiver conditions.
The Cannabis Compliance Board on May 15 approved Vireo Growth Inc.’s acquisition of DeepRoots Holdings Inc. and its Nevada licenses, concluding a lengthy presentation by both companies’ executives and regulatory counsel.
Outside counsel Lori Rogich introduced the merger and executives from DeepRoots and Vireo. Vireo co‑executive chairman John Mazerakis acknowledged an embarrassing tax delinquency that the company discovered simultaneously with CCB staff; the board was…
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