Little Rock dispensary gets new name, three marijuana businesses get new owners

August 12, 2022 By Griffin Coop

Little Rock will be home to the state’s fourth Greenlight Dispensary after state regulators were notified of a name change at their commission meeting Thursday afternoon.

CuraLeaf dispensary at 7303 Kanis Road will now be known as Greenlight Little Rock. The commission approved an ownership change for the dispensary last month that allowed Little Rock businessmen James Barnes and Matt Summitt to take ownership.

As we have reported previously, Barnes is a business owner and property developer who helped develop the Aloft Hotel in West Little Rock and the Staybridge Suites on University Avenue. Summitt is the chief financial officer of BBA Corp. and is a former vice president at Stephens Inc., according to his LinkedIn page.

Barnes and Summitt purchased the business through an entity called GL Little Rock LLC. Each owns 50% of the business, according to the commission’s records. Barnes’ wife, Terry, owns a 1.87% stake in Good Day Farm Cultivation, according to records.

Name changes appear on the commission agendas as notice items because they require notice to the commission but they do not need the commission’s approval.

Greenlight also operates dispensaries in Monticello, West Memphis and Helena-West Helena.

The commission also learned Wednesday that New Day Cultivation of Garland County will be changing its name to Leafology.

Ownership changes

The commission also approved ownership changes for Good Day Farm cultivation of Pine Bluff, Greenlight Monticello and Acanza dispensary in Fayetteville.

Acanza dispensary will be under new ownership after Acanza Health Group LLC transferred all of its assets to Fayetteville HOH Investments, LLC.

Acanza Health Group was owned by seven entities. Acanza Management LLC, owned by Randi Hernandez, held the largest share at 39.81%. Jansen Capital owned the next highest share at 25.19%. Jansen Capital is owned by Joseph Jansen and Matt Jansen. The third largest share, at 16.5%, was owned by Pig Iron LLC, which is owned by Jancey Hutcherson.

Fayetteville HOH Investments LLC is owned by 31 entities. The largest shareholder, at 24.43%, is JCC HOH Investments LLC. The owners of the LLC were not listed. The next largest shareholders are North Tree Investments LLC and Cathcart Holdings LLC, which each hold less than 7%. The records show Pig Iron LLC will also be part of the new ownership group.

Greenlight Monticello will also be under new ownership. The previous owners were Nikki and Andrew Hood who owned 75% and Brent Gray who owned 25%.

The new owner is Montdisco Holdings LLC, which is owned by T.J. Patterson.

Good Day Farm cultivation is adding 10 new members to its ownership group. The largest new owner is Cathy Mackey, who will own 1.33% through two limited liability companies. The other owners, who will each hold less than 1%, are Scott Lancaster, Elizabeth Christian, Michael Mackey, Marci Stracener, Deana Osment, Bill Finley and Drew Herget.