#Helios dayspring san luis obispo code
#Helios dayspring san luis obispo professional
#Helios dayspring san luis obispo series

The companies also added that they appropriately disclosed their dealings with Dayspring to the city.Īnd SLO City Attorney Christine Dietrick agrees.

He wanted an option if he didn't win, to come invest in my business.'Ī copy of the agreement between SLOCal Roots and Dayspring in court states that the company would repay Dayspring and his two partners $1 million over five years, or Dayspring could convert the loan into a 74 percent ownership stake in SLOCal Roots.Ĭonnella said that the company has since repaid the 'five figure' money that Dayspring and his partners loaned it.īoth MOM and SLOCal Roots also denied that Dayspring ever managed their day-to-day dispensary operations, despite signing agreements with Dayspring in 2019 to provide those services. 'If I had an application there, he needed to be involved. 'He had an agreement with the property owners to have a application ,' Connella said. He's the only one claiming he converted that note ,' Connella said.Ĭonnella added that he only entered into the agreement with Dayspring because of Dayspring's leverage in the SLO real estate market at the time.

In a phone interview with SLOCal Roots owner Austen Connella, Connella said that his company did sign a loan agreement with Dayspring in March 2019, but that the amount of capital it ended up receiving totaled 'five figures, not seven,' and that the agreement was ultimately rescinded in 2021 when Dayspring's criminal activity came to light.

#Helios dayspring san luis obispo professional

Dayspring's values and professional conduct did not align, they immediately cut ties with Mr. Dayspring have any management control or ownership of MOM' and 'as soon as MOM SLO became aware that Mr. Tardiff continued that 'at no point did Mr. 3 statement to New Times from MOM's attorney Dustin Tardiff, Tardiff claimed that MOM's 'relationship with Helios Dayspring was nothing more than a loan of money, and he was never anything other than a creditor.' The agreement said that Dayspring could convert his loan into 46 percent ownership interest. That loan figure bumped up to $800,000 in July 2020, on the eve of the dispensary's opening, when MOM had already received about a half million dollars, according to a copy of the document. MOM's original application for a dispensary to the city stated that all of its financial capital 'comes directly from our ownership team'-which did not include Dayspring, according to the application.Ī copy of the February 2019 agreement between MOM and Dayspring submitted into court-signed by Dayspring, Megan Souza, Levi Seligman, and Keith Sweeney-read that MOM would repay Dayspring $600,000 over five years at 7 percent interest.

#Helios dayspring san luis obispo code

SLO city cannabis code required all applicants to disclose their 'financial capacity' to the city in their applications, including 'bank balances, available loans, and other sources of funding the enterprise.' Meanwhile, the city, MOM, and SLOCal Roots pushed back strongly against that narrative in comments to New Times.Īccording to the recent court filings, MOM and SLOCal Roots inked their loan agreements with Dayspring in February and March 2019, respectively- one to two months after the application window closed in SLO city for prospective cannabis dispensaries. The filings-submitted in SLO County Superior Court in June and July-make the argument that while the city did not punish MOM and SLOCal Roots for allegedly concealing information, it revoked Natural Healing Center's dispensary permit last October as a consequence for his concealing criminal conduct. He attached copies of signed promissory notes and management agreements between the parties to try to back his claims, and he alleged that the other dispensaries failed to disclose their ties to him to the city or the public, as SLO's ordinance requires. 'I, Helios Dayspring, was the primary financer for all three successful cannabis applications,' he asserted in a court declaration.ĭayspring claimed he was hired in 2019 to oversee and manage the MOM and SLOCal Roots dispensaries, that he held ownership stakes, and that the companies worked collaboratively to cement their positions in the city industry.

#Helios dayspring san luis obispo series

KINGPIN? In a series of court filings, convicted local cannabis businessman Helios Dayspring claims he gave nearly $2 million in loans to other city cannabis dispensaries, funds that he alleges they failed to disclose to the city.