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Cannabis Compliance Board approves partial sale of Solstice Enterprises stake to MTP Group AG
Summary
The Cannabis Compliance Board voted April 16 to approve a transfer-of-interest request permitting a controlling stake in Solstice Enterprises to move to MTP Group AG and to dissolve an intermediary holding company, with staff reporting no areas of concern and a limited waiver granted under NCCR 5.112.
The Cannabis Compliance Board on April 16 approved a request by Solstice Holdings and its subsidiary Solstice Enterprises LLC to transfer an upstream holding company that carries a roughly 72% ownership stake to MTP Group AG, a company identified in the record as owned by Marcus Puset. CCB staff reported no areas of concern and recommended approval.
Rachel Braner, who presented the item for CCB staff, described the request as a sale of a portion of ownership in combination with an internal reorganization and noted that Solstice has also submitted a waiver request pursuant to NCCR 5.112. Alicia Ashcraft, speaking on behalf of Solstice Enterprises, described the transfer as a straightforward reorganization and acknowledged CCB investigator Jesse Mosley for his work on the review.
According to the materials read into the record, the transaction would move the ownership interest held through the existing holding company (cited in staff materials at approximately 72.39%) to MTP Group AG. The motion recorded in the transcript to approve the transfer and to grant a limited waiver under NCCR 5.112 carried on the board vote. The board also approved language that a waiver of the requirements of NCR 5.110 (as stated in the motion) would expire on the next agenda date.
The transcript contains inconsistent references to names and percentages in a small number of places: the presentation identifies Per Bjorkman as an owner seeking to sell his holding-company interest, and the motion text later refers to removing “Johann Workman” and a 72.2% ownership figure. Those differences appear inside the meeting record; the board’s final recorded action was to approve the TOI and the limited waiver as presented by staff.
No substantive opposition or public testimony opposed to this transfer was recorded during the item. The board moved, seconded, and voted to approve agenda item 3A (TOI NOS 25-33 and 25-33A). The meeting record does not provide a clear, attributable name for the member who made the motion; the transcript identifies a second for the broader consent motion earlier in the meeting as Member Roth and records Member Meszaros seconding the later motion to remove item 3B from the agenda.
