Associated tags: Stick, OTCQB
Locations: OREGON, NEWARK, NEW JERSEY, SAN LEANDRO, NEVADA, ORANGE COUNTY, TEXAS, WEST VIRGINIA, FLORIDA, KOROVA, IRVINE, CA, US, CALIFORNIA, DELAWARE, BRAND, ARIZONA, OKLAHOMA
Retrieved on:
Tuesday, January 16, 2024
SANTA ANA, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: UNRVD) (“Company,” “we” or “us”), a cannabis company with operations throughout California, following the announcement of its strategic reorganization and reverse stock split also announces that pursuant to FINRA regulations and practice, the new symbol for trading will be OTCQB: UNRVD for a period of 20 business days, after which the ticker symbol will automatically change to “BLMH”.
Key Points:
- SANTA ANA, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: UNRVD) (“Company,” “we” or “us”), a cannabis company with operations throughout California, following the announcement of its strategic reorganization and reverse stock split also announces that pursuant to FINRA regulations and practice, the new symbol for trading will be OTCQB: UNRVD for a period of 20 business days, after which the ticker symbol will automatically change to “BLMH”.
- The corporate actions effecting the reorganization and split took effect at the open of business on 1/16.
Retrieved on:
Tuesday, January 16, 2024
SANTA ANA, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“UNRV,” “Unrivaled Brands,” “Company,” “we” or “us”), a cannabis company with operations throughout California, is pleased to announce the successful completion of its strategic reorganization and reverse stock split.
Key Points:
- SANTA ANA, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“UNRV,” “Unrivaled Brands,” “Company,” “we” or “us”), a cannabis company with operations throughout California, is pleased to announce the successful completion of its strategic reorganization and reverse stock split.
- Immediately prior to the completion of the reorganization, on January 12, 2024, UNRV implemented a reverse stock split of its common stock at a 1-for-100 ratio.
- Pursuant to the reorganization, each share of UNRV’s common stock and preferred stock outstanding immediately prior to the effective time (and immediately following the reverse stock split) has automatically converted into equivalent shares of Blüm’s common stock and preferred stock, respectively, and Blüm’s common stock will trade on the OTCQB tier of the OTC Markets under the symbol “BLMH”.
- Unrivaled Brands extends its gratitude to its stockholders, partners, and dedicated team for their unwavering support and contributions to this pivotal reorganization.
Retrieved on:
Wednesday, December 6, 2023
At the Annual Meeting, stockholders demonstrated overwhelming support for key proposals, reflecting their confidence in the Company’s direction and leadership.
Key Points:
- At the Annual Meeting, stockholders demonstrated overwhelming support for key proposals, reflecting their confidence in the Company’s direction and leadership.
- Tracy McCourt, the Inspector of Election, has certified all voting results for the Annual Meeting.
- Unrivaled Brands Chief Executive Officer, Sabas Carrillo said, "We are delighted by the resounding support shown by our stockholders at the Annual Meeting.
- These results reflect the shared vision we have for Unrivaled Brands, soon to be Blüm.
Retrieved on:
Thursday, November 16, 2023
Economics,
Acquisition,
OTCQB,
Transaction,
Unrivaled,
Letter of intent,
Collection,
Schedule,
Internal Revenue Code,
Cannabis,
SAFE Banking Act,
SAFER,
Resolution,
Letter,
Operator,
Growth,
Drug,
Commercial property,
Sales Currently, the Operators who are party to the Letters of Intent include 11 operating retail dispensary entities, 4 cultivation operations, and 1 manufacturing facility which includes a commercial kitchen and distribution hub.
Key Points:
- Currently, the Operators who are party to the Letters of Intent include 11 operating retail dispensary entities, 4 cultivation operations, and 1 manufacturing facility which includes a commercial kitchen and distribution hub.
- Geographic Expansion: The Proposed Transaction expands and connects the Company's footprint statewide, opening up fresh avenues and synergies in previously untapped markets.
- Synergistic Integration: The new assets are anticipated to seamlessly integrate with Unrivaled’s existing operations driving operational efficiencies and improved profitability.
- Enhanced Stakeholder Value: Acquisitions underline Unrivaled's commitment to delivering continuous and augmented value to its stockholders and employees.
Retrieved on:
Wednesday, November 15, 2023
SANTA ANA, Calif., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations throughout California is pleased to announce that it has entered into a binding settlement term sheet (the “Binding Settlement Term Sheet”) to settle an aggregate of $4.12 million of debt inclusive of interest and penalties, with third-party accredited and institutional investors, and a related motion for summary judgement brought by certain of the investors.
Key Points:
- SANTA ANA, Calif., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations throughout California is pleased to announce that it has entered into a binding settlement term sheet (the “Binding Settlement Term Sheet”) to settle an aggregate of $4.12 million of debt inclusive of interest and penalties, with third-party accredited and institutional investors, and a related motion for summary judgement brought by certain of the investors.
- The terms of the Binding Settlement Term Sheet remain confidential but settles all Promissory Notes and amounts in controversy and stays pending litigation until dismissal upon the entering of final settlement documents.
- The Company expects to record a gain on the settlement of this debt of approximately $2.37 million in its 2023 financial statements, subject to the Company’s annual financial statement audit.
- “It is with gratitude and optimism that the Company settles another significant matter and substantial debt amount,” said Unrivaled’s Chief Executive Officer, Sabas Carrillo.
Retrieved on:
Tuesday, November 14, 2023
EBITDA,
OTCQB,
Investment,
Headset,
Depreciation,
Nature,
GAAP,
Forecasting,
Legislation,
Rare-earth element,
Video game,
Film industry,
Mystic SANTA ANA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) ("Unrivaled" or the "Company"), a cannabis company with operations throughout California, today reported financial results for its fiscal third quarter ended September 30, 2023.
Key Points:
- SANTA ANA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) ("Unrivaled" or the "Company"), a cannabis company with operations throughout California, today reported financial results for its fiscal third quarter ended September 30, 2023.
- Revenue for the quarter ended September 30, 2023 was $8.6 million with 94% of revenue from retail sales.
- Selling, general and administrative expenses for quarter ended September 30, 2023 decreased by 7% compared to the previous quarter ended June 30, 2023.
- Adjusted EBITDA from continuing operations for the quarter ended September 30, 2023 was $(1.2) million compared to the previous quarter of $(0.8) million.
Retrieved on:
Tuesday, October 24, 2023
Week,
Unrivaled,
Canyon Capital Advisors,
Total,
Acquisition,
Tax,
Health,
OTCQB,
Capital,
Audit,
Viridian SANTA ANA, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations throughout California, is pleased to announce that on October 13, 2023, Viridian Capital Advisors (“Viridian”) released their Capital Chart of the Week, designed to highlight significant investment, valuation, and M&A trends within the cannabis sector, ranking Unrivaled as having one of the most improved measures of credit quality relative to its publicly traded cannabis peers.
Key Points:
- SANTA ANA, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations throughout California, is pleased to announce that on October 13, 2023, Viridian Capital Advisors (“Viridian”) released their Capital Chart of the Week, designed to highlight significant investment, valuation, and M&A trends within the cannabis sector, ranking Unrivaled as having one of the most improved measures of credit quality relative to its publicly traded cannabis peers.
- Its calculations were indicated as having been current as of October 13, 2023.
- Chris Rivera, Unrivaled’s Interim Chief Financial Officer, said, “As part of the Unrivaled turnaround, we have been and continue to be focused on building a foundation on which Unrivaled can continue to grow.
- The recognition of the Company’s continued improvement is further testament to our work and reflects a reduction of over $53.0 million in debt.
Retrieved on:
Tuesday, October 10, 2023
Annual general meeting,
OTCQB,
Reverse stock split,
Proxy,
Prospectus,
Form,
Corporate action,
NUALS Arts and Literary Annual Meet,
Exchange,
Securities and Exchange Commission (Philippines),
Sale,
WHEN,
Suite,
Security (finance),
Holding company,
Unrivaled,
Shareholder SANTA ANA, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a Nevada cannabis company with operations throughout California, announced today that it intends to implement a reorganization in which a new Delaware holding company, Blum Holdings, Inc. (“Blüm”), would become the publicly traded holding company of Unrivaled Brands and its subsidiaries (the “Reorganization”).
Key Points:
- SANTA ANA, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a Nevada cannabis company with operations throughout California, announced today that it intends to implement a reorganization in which a new Delaware holding company, Blum Holdings, Inc. (“Blüm”), would become the publicly traded holding company of Unrivaled Brands and its subsidiaries (the “Reorganization”).
- Any outstanding securities convertible or exercisable for shares of Unrivaled common stock will become securities convertible or exercisable for shares of Blüm common stock.
- In connection with the Reorganization, Blüm has filed a registration statement on Form S-4 that includes a preliminary proxy statement of Unrivaled Brands and a preliminary prospectus of Blüm, and Unrivaled Brands and Blüm may file with the SEC other relevant documents in connection with the proposed Reorganization.
- Unrivaled Brands and its directors, executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies from Unrivaled Brands’ stockholders in connection with the Reorganization.
SANTA ANA, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations throughout California, announced today key executive appointments to begin rebuilding its legacy Korova brand.
Key Points:
- SANTA ANA, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations throughout California, announced today key executive appointments to begin rebuilding its legacy Korova brand.
- Joe Gerlach, Korova’s co-founder and Unrivaled’s Chief Cannabis Officer, has been appointed Director for Korova and Hanna Gruntz has been named Head of Sales.
- Unrivaled’s Chief Executive Officer, Sabas Carrillo, said “Korova is a true OG cannabis brand with deep roots in the traditional Oakland market.
- Joe and Hanna join forces with another OG Korova co-founder and current Korova Vice-President, Blake Powers.
Retrieved on:
Friday, September 29, 2023
The complaint, and the Application for Writ of Attachment, are based on alleged breaches of a cannabis retail lease and assignment of that lease, both of which were executed by Toni Ko on behalf of the landlord entities.
Key Points:
- The complaint, and the Application for Writ of Attachment, are based on alleged breaches of a cannabis retail lease and assignment of that lease, both of which were executed by Toni Ko on behalf of the landlord entities.
- Sabas Carrillo, Unrivaled’s Chief Executive Officer said, “We will continue to work with all of the Company’s creditors in good-faith.
- We will oppose the Application for a Writ of Attachment and will continue to explore reasonable outcomes to the litigation.”
Ms. Toni Ko is a Forbes listed America’s Self-Made Woman.
- Mr. Carrillo added, “The cannabis commercial real estate market continues to be challenging as does commercial real estate generally.
