Remarks by Nick Bavaro
49 remarks on the record, newest first · Page 1 of 2
- Play at 1:47:15
“Thank you, Mayor. The McHenry Comic Management LLC and the MMC Management Services LLC, are they listed on Planet 8's permit?”
City Council · Sep 22, 2026
- Play at 1:47:38
“So if they're not related to the business itself, how then can they receive transfer monies?”
City Council · Sep 22, 2026
- Play at 1:48:06
“But they're not listed on the permit, the Planet Eight permit.”
City Council · Sep 22, 2026
- Play at 1:48:27
“My question is, with those two LLCs, if they're involved in the transfer of funds from a permit, Planet Eights permit, How can they, how are they legally able to, how are they legally able to do that on their permit? Don't have to waive, son. So maybe you can explain that.”
City Council · Sep 22, 2026
- Play at 1:49:42
“Okay, and do you check with the state of California through their statement of information or whatever if they are in good standings with the state of California?”
City Council · Sep 22, 2026
- Play at 1:50:04
“You do believe, but you're not for sure?”
City Council · Sep 22, 2026
- Play at 1:50:09
“Maybe you can provide that to the council at some point. letting us know if they're in good standings, not only Planet 8, but also the two LLCs as well. Thank you, Mayor.”
City Council · Sep 22, 2026
- Play at 1:52:58
“What is the business relationship between Planet 8 and the two LLCs that they have? What is the purpose of transferring those funds to those other LLCs?”
City Council · Sep 22, 2026
- Play at 1:53:25
“So I guess my question is, what is the purpose of the two extra, the two LLCs and being attached to Planet 8?”
City Council · Sep 22, 2026
- Play at 1:54:05
“multiple cannabis businesses? Correct. So then these two LLCs, are they in the cannabis business? And if so, do they have permits?”
City Council · Sep 22, 2026
- Play at 1:54:40
“And those are cannabis permits? Correct. I thought you said that they didn't have that I thought you said that McHenry Comic Management LLC and MMC Management Services did not have cannabis permits, that it was only Planet 8.”
City Council · Sep 22, 2026
- Play at 1:55:21
“So out of the eight cannabis permits, these three are licensed in Modesto?”
City Council · Sep 22, 2026
- Play at 1:55:57
“Okay, so all three have their own accounting, separate accountings and separate federal ID numbers, correct? Correct. So I guess the question I would like to know, or the answer I'd like to know is, why the transfers between the three LLCs or two LLCs and then Planet 8. I don't know if Planet 8 is an LLC or not. I'd be curious to know why the transfers. Thank you, Mayor.”
City Council · Sep 22, 2026
- Play at 2:09:12
“Thank you, Mary. You just said that there is one owner, correct? One owner.”
City Council · Sep 22, 2026
- Play at 2:09:27
“Prior to that statement, I was told that there were three owners owning... That was incorrect.”
City Council · Sep 22, 2026
- Play at 2:09:54
“It's my time. It's my time. I heard early on, and maybe if the other council members understood what I understood, let me know. If I misunderstood, chirp up and let me know. What I heard was there were three owners. of these three, or two LLCs, I don't know if Planet Eight is an LLC. All three of them are LLCs. And they're one owner. And now you're saying it's one owner, okay.”
City Council · Sep 22, 2026
- Play at 2:10:29
“Okay, it's always been one owner. It's my time.”
City Council · Sep 22, 2026
- Play at 2:10:36
“So then on the regulation in the ordinance, it says related entities, if there is a transfer, that is a taxable event. Am I correct?”
City Council · Sep 22, 2026
- Play at 2:15:28
“So the gentleman here is 100% owner, correct? Yes.”
City Council · Sep 22, 2026
- Play at 2:16:32
“So you don't have any ownership and so what is... What's my interest?”
City Council · Sep 22, 2026
- Play at 2:17:09
“I am just a little surprised because If this was my business, I would be standing here speaking on behalf of my business. I would not expect my council member. I just find it odd that you're doing all the speaking where the owner is sitting behind you and he's not.”
City Council · Sep 22, 2026
- Play at 2:19:48
“Does our ordinance say that related entities that transfer product, that it is a taxable event?”
City Council · Sep 22, 2026
- Play at 2:22:46
“I'm still confused on one issue. On related entities, the LLCs, this is probably a yes or no answer. If they transfer product from From blue truck to red truck because they need to move the product. Their inventory is low here. This has been sitting on the shelf a long time. They're going to take that product and move it over here. Is that a taxable event on that product?”
City Council · Sep 22, 2026
- Play at 2:24:07
“You're hearing a transfer from LLC. one LLC to another LLC from transfer of product.”
City Council · Sep 22, 2026
- Play at 2:24:20
“You're not hearing it as a transfer from an LLC to corporation to a member.”
City Council · Sep 22, 2026