Show Me the Money, Matthew (Part I)
On July 28, 2021, MR3 LLC (hereinafter MR3) was organized as an LLC in New York. There is no indication as to ownership in the New York LLC filing, nor is there any indication of the type of business MR3 conducts.
On November 10, 2021, MRM INDUSTRIES LLC (hereinafter MRM) was organized in Massachusetts by your wife’s cannabis lawyer, Blake Mensing (of the Mensing Group) just days after your wife backed out on an $800,000.00 deal, claiming she got “a better” one. MRM’s business purpose?
APPLYING FOR LICENSURE FROM THE CANNABIS CONTROL COMMISSION.
In the MRM’s Certificate of Organization, Blake used his law firm’s 100 State Street address as the LLC’s “principal office.” Miten Patel, Ron Malhotra, and Masood Shaikh are named as the three managers of MRM on this certificate.
On February 7, 2002, KRISHA HOLDINGS LLC (hereinafter KRISHA) filed its Certificate of Organization with the Secretary of the Commonwealth to
TO OWN, LEASE, MANAGE AND DEVELOP REAL ESTATE, TO ENGAGE IN ANY ACTIVITIES DI RECTLY OR INDIRECTLY RELATED OR INCIDENTAL THERETO AND TO ENGAGE IN ANY OTH ER ACTIVITY IN WHICH A LIMITED LIABILITY COMPANY ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS MAY LAWFULLY ENGAGE
It was signed by cannabis lawyer Quinn Heath (of the Mensing Group).
The two managers of KRISHA are Masood Shaikh (also, at this time, one of the three managers of MRM) and Steve Krikorian.
This 3-bedroom, 4-bathroom condo with a great view of the water is the “principal office” of KRISHA. Of note, this principal office sold for $3,545,000.00 on July 28, 2021—the very same day MR3 was organized as an LLC in New York.
(Weird coincidence, right? Almost as weird as the backdating of MRM’s HCA with the town to coordinate with the day your wife signed her HCA with the town.)
On February 9, 2022, MATEL GROUP LLC (hereinafter MATEL) filed its Certificate of Organization with the Secretary of the Commonwealth to:
TO OWN, LEASE, MANAGE AND DEVELOP REAL ESTATE, TO ENGAGE IN ANY ACTIVITIES DIRECTLY OR INDIRECTLY RELATED OR INCIDENTAL THERETO AND TO ENGAGE IN ANY OTHER ACTIVITY IN WHICH A LIMITED LIABILITY COMPANY ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS MAY LAWFULLY ENGAGE.
It was signed by cannabis lawyer Quinn Heath (of the Mensing Group). The two managers of MATEL are Rina Malhotra (MRM Manager Ron’s wife) and Rina Patel (MRM Manager Miten’s wife). Quinn listed the Mensing Group’s 100 State Street address as the LLC’s “principal office.”
On February 17, 2022, MRM filed a Certificate of Amendment—signed by cannabis lawyer Quinn Heath (of the Mensing Group)—removing Miten Patel, Ron Malhorta, and Masood Shaikh as managers of MRM; Masood Shaikh was added as a person authorized to sign documents with the Secretary of the Commonwealth, leaving MRM managerless.
In July 2022, MRM enters into an HCA with Littleton to manufacture cannabis-infused products at 160 Ayer Road, Suites 1 & 2.
On September 13, 2022, a third lawyer from the Mensing Group, James Valeriani, responded to questions posed by a member of Littleton’s Planning Board about the corporate structure of MRM, which, Atty. Valeriani explained was this:
MRM has two managers.
These two managers are LLCs (MATEL and KRISHA), and each of those LLCs has two managers: Rina Malhotra and Rina Patel for MATEL; Masood Shaikh and Steve Krikorian for KRISHNA.
There is no record at the Sec. of the Commonwealth’s Corporate Database reflecting this LLC structure. (There is, however, in Atty Valeriani’s response, a colorful flowchart, if you want to check it out—bottom of page 2.)
On September 27, 2022, MR3 registered with the Secretary of the Commonwealth as a foreign limited liability company whose business would be “to acquire, hold, develop, manage, operate, invest in and otherwise deal with an [sic] interests in real property in Littleton, Massachusetts.”
MR3 listed 160 Ayer Road as its principal office and business address for the LLC in the commonwealth. The managers listed on this filing are MATEL and KRISHA. Martin J. Murphy is listed as the Registered Agent for MR3.
On October 20, 2022, KRISHA changed its Registered Agent to Martin J. Murphy, Esq.
On November 3, 2022, MATEL changed its Registered Agent to Martin J. Murphy, Esq.
On November 7, 2022, at 3:29 PM, MRM filed, through Masood—MRM’s Signatory for paperwork with Sec. of the Commonwealth—its Annual Report with the Sec. of the Commonwealth. In this Report, MRM named KRISHA and MATEL as MRM’s managers and changed its business to:
THE GENERAL CHARACTER OF THE BUSINESS OF THE COMPANY IS TO ENGAGE IN ANY LAWFUL BUSINESS, TRADE, PROFESSION, PURPOSE, OR ACTIVITY PERMITTED BY LAW.
I’m not sure LLCs are allowed to change managers and/or business purpose through the filing of an annual report, but that’s what seems to have been done.
And then later that same day, November 7, 2022, at 8:20 PM, MRM changed its Registered Agent to Martin J. Murphy, Esq.
A ton of paperwork to this end:
MATEL and KRISHA manage MRM; MATEL and KRISHA manage MR3.
The same four people—Rina Malhotra (Ron’s wife) and Rina Patel (Miten’s wife) as the two managers of MATEL; and, Steve Krikorian and Masood Shaikh as the two managers of KRISHA control MRM and MR3.
One might think that whatever MRM is doing will be of benefit to MR3 and that whatever MR3 might do would be of benefit to MRM.
That seems reasonable, doesn’t it, Matthew?
TTYS,
Jkb