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Conditional Lander County dispensary reports site under LOI; CCB schedules August update
Summary
TRN VP098 told the board it has an executed letter of intent for a ground-up retail build near Battle Mountain in Lander County, described a backup site contingent on a third-party sale-lease-back, and requested a near-term status check; the board agreed to an August update.
At the June 18 meeting, Shane Terry of TRN VP098 (conditional retail license for Lander County) told the Cannabis Compliance Board the company has an executed letter of intent for a ground-up build near Battle Mountain and a secondary site that depends on a third party purchasing and leasing back a building. Terry said utilities and construction logistics remain to be worked out and that investors are concerned about beginning long-term development without assurance the license will remain active.
Board response and next step: Board members said progress warranted continued oversight but not immediate action; the board agreed to put the matter on the August agenda for a status update so the company can confirm runway and construction timing before committing to full build-out.
What was said (excerpt): Shane Terry said, "We do have an executed LOI. We do intend to move forward on the license," and requested another check-in in the next couple of months to confirm sufficient runway for development.
Why it matters: A green light to proceed or a confirmation of continued conditional status affects investor decisions and construction timelines for a rural retail operation that could serve northern Nevada travelers and residents. The board will review an August status report before taking further action.
