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CCB approves security interest allowing lenders to take DeepRoots collateral if borrower defaults
Nevada Cannabis Compliance Board (CCB) · November 25, 2025
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Summary
The board approved a security interest making DeepRoots' Nevada licenses collateral under loan documents with East West Bank, Western Alliance Bank and Chicago Atlantic; presenters said lenders would not convert debt to equity and foreclosure would require CCB suitability and license-transfer review.
The Cannabis Compliance Board approved a security interest that places certain DeepRoots Nevada licenses as collateral for debt financing between Vireo Growth (parent company) and lenders including East West Bank, Western Alliance Bank and…
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