CCB approves three transfers of interest and waivers for small ownership changes
December 18, 2025 | Cannabis Compliance Board (CCB), Other State Agencies, Organizations, Executive, Nevada
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The Cannabis Compliance Board unanimously approved three transfer-of-interest requests and associated conditional waivers during its meeting.
Rachel Brenner presented three TOI items. For agenda item 4a, Vireo Growth sought approval to move Vireo Health Inc. higher in its corporate structure (TOI nos. 2500037 and 2500038) so Vireo Health becomes a domestic holding company for remaining subsidiaries. Lori Rogish, representing Vireo Growth, said the move is an internal corporate restructuring "and it is not a substantive change of ownership or control." Rogish emphasized the change is intended to streamline legal, accounting and tax structures and said operational autonomy would remain with DeepRoots entities.
The board approved the Vireo internal transfer and granted a waiver of NCCR 5.11 for transfers under 5%, conditioned to expire on the next agenda date.
Agenda item 4b concerned Greenleaf Farms Holdings, which sought approval to transfer 100% of production license P105 to ONGFR LLC while remaining under the board-approved receivership of Kevin Singer. Brenner noted staff identified an "area of interest": Greenleaf's Nevada business registration is currently revoked. John Savage, appearing for the receiver, said the revoked registration was an administrative oversight since the receivership and said it would be corrected that afternoon. The board voted to approve the transfer to ONGFR LLC and granted the conditional waiver of NCCR 5.11 for transfers under 5%.
Agenda item 4c asked to transfer Fisis 1 LLC’s cultivation license C073 to Sin City Heaven LLC; counsel Paul Larson and owner Sergei Vasilev were present. Staff had no areas of concern and the board approved the transfer and the conditional waiver.
Each motion carried with unanimous aye votes. The waivers for NCCR 5.11 were explicitly conditioned to expire on the next agenda date, and board members noted that staff had vetted the applications and identified no substantive concerns apart from the administrative business-registration issue in the Greenleaf item.
Rachel Brenner presented three TOI items. For agenda item 4a, Vireo Growth sought approval to move Vireo Health Inc. higher in its corporate structure (TOI nos. 2500037 and 2500038) so Vireo Health becomes a domestic holding company for remaining subsidiaries. Lori Rogish, representing Vireo Growth, said the move is an internal corporate restructuring "and it is not a substantive change of ownership or control." Rogish emphasized the change is intended to streamline legal, accounting and tax structures and said operational autonomy would remain with DeepRoots entities.
The board approved the Vireo internal transfer and granted a waiver of NCCR 5.11 for transfers under 5%, conditioned to expire on the next agenda date.
Agenda item 4b concerned Greenleaf Farms Holdings, which sought approval to transfer 100% of production license P105 to ONGFR LLC while remaining under the board-approved receivership of Kevin Singer. Brenner noted staff identified an "area of interest": Greenleaf's Nevada business registration is currently revoked. John Savage, appearing for the receiver, said the revoked registration was an administrative oversight since the receivership and said it would be corrected that afternoon. The board voted to approve the transfer to ONGFR LLC and granted the conditional waiver of NCCR 5.11 for transfers under 5%.
Agenda item 4c asked to transfer Fisis 1 LLC’s cultivation license C073 to Sin City Heaven LLC; counsel Paul Larson and owner Sergei Vasilev were present. Staff had no areas of concern and the board approved the transfer and the conditional waiver.
Each motion carried with unanimous aye votes. The waivers for NCCR 5.11 were explicitly conditioned to expire on the next agenda date, and board members noted that staff had vetted the applications and identified no substantive concerns apart from the administrative business-registration issue in the Greenleaf item.
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