CCB approves three transfers of interest, including Calyx Peak's Nevada entry
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Summary
The board approved three transfer‑of‑interest applications Aug. 21: Sunflower Compassionate Company ownership transfers (49% to Celeste Rodriguez and Dr. Sharita Howard), Urban Hills' cultivation license transfer to Calyx Peak, Inc., and an internal restructure for CPCM Holdings; waivers of NCCR 5.110 under 5.112 were granted with expirations at the next TOI agenda date.
The Nevada Cannabis Compliance Board on Aug. 21 approved three transfer‑of‑interest transactions, including an ownership change at Sunflower Compassionate Company, an acquisition that brings Calyx Peak, Inc. into the Nevada market, and an internal estate‑planning restructure for CPCM Holdings, the board said at a public meeting.
Chief of Investigations David Staley presented Item 5, describing three separate TOI filings. Item 5A (TOI numbers 25001 and 25002) requested approval for Rachel Lee to sell 49% of Sunflower Compassionate Company, LLC to Celeste Rodriguez and Dr. Sharita Howard through Greenhouse Group, Inc. and Greenhouse Management Group, LLC. Staley said Rodriguez and Dr. Howard would be financial investors with no operational responsibilities; staff recommended any waiver of NCCR 5.110 be limited to the board’s next TOI agenda date.
Member Mary moved to approve the Sunflower transfers and the limited waiver; the motion carried with no recorded opposition.
Item 5B (TOI 2400044) sought approval for Urban Hills LLC to transfer its Sparks cultivation license to a wholly owned subsidiary of Calyx Peak, Inc., in exchange for forgiveness of a promissory note. Staley said Calyx Peak operates in California, Massachusetts and Missouri and that this transfer would mark its initial entry into Nevada. Howie Kum, whose company manages multi‑state cultivation operations, described his firm’s experience operating hundreds of thousands of square feet of cultivation and extraction space and said the company looks forward to bringing medical‑grade product and jobs to Nevada. Member Mazzarana moved to approve the transfer and the limited waiver; the board approved the motion.
Item 5C (TOI 2500023) was a routine internal restructuring by CPCM Holdings to move an existing owner’s interest into a trust and add a co‑trustee for estate‑planning reasons. Amanda Connor, counsel for the applicants, said staff had worked with the parties and that no areas of concern were found. Member Barry moved to approve 5C with waiver language; the motion passed.
For each TOI the board approved a waiver of NCCR 5.110—pursuant to NCCR 5.112 for transfers under 5%—subject to the condition that the waiver expire on the board’s next TOI agenda date.
The board welcomed Calyx Peak to the Nevada market and invited the Sunflower principals to continue working with staff on operational and inspection requirements following their conditional license approval earlier in the meeting.
