SGC Retail Partners LLC /
NMG Long Beach, LLC
SGC Retail Partners to purchase Long Beach cannabis retailer
What happened
SGC Retail Partners LLC agreed to purchase NMG Long Beach, LLC from DEP Nevada, Inc. under an agreement dated April 16, 2025. NMG Long Beach holds licenses for commercial cannabis retail activities in Long Beach.
The aggregate purchase price is $856,250. The transaction calls for two closings, with SGC Retail Partners LLC purchasing 80% of the interests at the first closing and the remaining 20% at the second closing.
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SGC Retail Partners to purchase Long Beach cannabis retailer
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