Vencanna Ventures winds down Nevada cannabis subsidiary Cannavative

Parent company Vencanna Ventures is closing its Nevada cannabis operations under the Cannavative banner, according to reporting from Kalkine.

FILE — closure · Ivan Radic / CC BY 2.0

Vencanna Ventures is winding down its Nevada cannabis subsidiary Cannavative, per reporting from Kalkine on September 16. The move adds to a wave of license deactivations in Nevada that state records show occurred in mid-September, with multiple entities losing active status between September 11 and the current report date.

State license records show at least five distinct licenses previously held by related entities—NCMM LLC, NLVG LLC, and NLV MAYFLOWER HOLDINGS LLC among others—marked as no longer active as of September 11. Nevada's retail and production footprint remains substantial, with 107 active retail locations, 101 cultivation licenses, and 81 manufacturing operators currently licensed, according to the latest state tally.

The closure reflects ongoing consolidation in Nevada's competitive market. Watch whether any Cannavative assets or licenses transfer to other operators or whether Vencanna retains a presence in Nevada under a different entity.