Unrivaled Brands, Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Santa ana, calif., feb. 06, 2024 (globe newswire) -- blum holdings, inc. (otcqb: unrvd) (“company,” “blÜm holdings”, “we” or “us”), a cannabis company with operations throughout california, announces preliminary and unaudited financial results for its fiscal year and quarter ended december 31, 2023. this pivotal period in our journey was underscored by decisive strategic actions, significant debt reduction, and a comprehensive corporate restructuring, including a transformative overhaul of the board of directors and executive management team, and the creation of a new holding company structure. we achieved these milestones amidst the challenging backdrop of litigation, inflation, and industry-specific taxation, further compounded by the recent hyper increase in interest rates, which has posed significant economic headwinds for the entire cannabis industry.

Santa ana, calif., feb. 05, 2024 (globe newswire) -- blum holdings, inc. (otcqb: unrvd) (“company,” “blÜm holdings”, “we” or “us”), a cannabis company with operations throughout california, announces its wholly-owned subsidiary unrivaled brands' divestment of its final california cultivation facility, a decision which aligns to a broader realignment strategy concentrating the company's efforts on operating and expanding profitable cannabis assets and developing brands.

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.

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. this marks a significant milestone in the company's growth and development strategy.

Santa ana, calif., dec. 06, 2023 (globe newswire) -- unrivaled brands, inc. (otcqb: unrv) (“unrivaled,” “unrivaled brands,” “company,” “we” or “us”), a cannabis company with operations throughout california, is pleased to announce the successful outcome of its 2023 annual meeting of stockholders held on december 5, 2023 (“annual meeting”), which was conducted via telecast.

Unrivaled Brands Inc (OTCQX:UNRV) has announced the grand opening of its previously closed Blüm San Leandro medical and recreational cannabis retail dispensary on February 4, 2023. The Santa Ana, California-based cannabis company said the local community is invited to celebrate the grand opening with a ribbon-cutting ceremony at 9.30 am on Saturday.

Unrivaled Brands Inc (OTCQX:UNRV) said it has entered into securities purchase agreements (SPA) with certain investors, including Sabas Carrillo, the company's chief executive officer, Patty Chan, the company's interim chief financial officer, and Robert Baca, the company's interim chief legal officer, to raise up to $2 million in a private placement transaction of newly designated Series V Class of preferred stock. The company said it intends to use the net proceeds raised from the private placement for operations with a focus on driving revenue, increasing its marketing spend, inventories, further funding certain litigation, and investing in company culture.

Unrivaled Brands Inc (OTCQX:UNRV) told investors it has reopened its Blum San Leandro dispensary, spun off two Oregon assets, and named Sabas Carrillo as its chief executive officer, Tracy McCourt as its chief revenue officer, and Jim Miller as its chief operating officer. The vertically integrated cannabis company noted that Carrillo has served as interim CEO since August 2022 and will now serve as CEO and as a member of its board of directors.

Unrivaled Brands Inc (OTCQX:UNRV) said it has successfully opposed an ex parte application by People's California LLC to shorten the time to hear its application for writ of possession.  In a statement, Unrivaled said that the provisional relief sought by People's California was related to the same action in which Unrivaled filed a cross-complaint on September 20, 2022, against Frank Kavanaugh, Jay Yadon, Bernard Steimman, and their company People's California for fraud and negligent misrepresentation related to the sale of the dispensary People's First Choice and other assets to Unrivaled in November 2021.

Unrivaled Brands Inc (OTCQX:UNRV), the multi-state vertically integrated cannabis company, has released its financial results for the third quarter ended September 30, 2022.  The company, which has operations in California and Oregon, generated revenue from continuing operations of $10.76 million during the three-month period, composed of retail revenue of $8.77 million and cultivation/distribution revenue of $2.00 million.

Unrivaled Brands Inc said it has filed a cross-complaint against Frank Kavanaugh, Jay Yadon, Bernard Steimman, and People's California LLC for fraud and negligent misrepresentation related to the sale of the dispensary People's First Choice and other assets to Unrivaled in November 2021. Filed on September 20, 2022, Unrivaled's cross-complaint alleges that around the time of the sale, Kavanaugh, Yadon, and Steimman, through entity New Patriot Holdings Inc, siphoned away over US$5 million from Unrivaled through backdated accounting entries and write-offs related to the People's Dispensary.

Unrivaled Brands Inc (OTCQX:UNRV) has found its interim chief financial officer in seasoned cannabis and financial services executive Patty Chan, the company announced, effective Monday. Chan brings more than 14 years of accounting, financial reporting, compliance and operational experience across the cannabis, real estate, and financial services industries, the company said.

Unrivaled Brands Inc (OTCQX:UNRV) revealed that it had named experienced corporate attorney Robert Baca as interim Chief Legal Officer (CLO) as it focuses on becoming a dominant West Coast cannabis company. A California cannabis industry veteran, Baca has over a decade of experience as a corporate attorney and consultant, with a focus on mergers and acquisitions (M&A) and leveraged finance transactions, said the multistate cannabis operator, The vertically integrated Santa Ana, California-based company with operations in California and Oregon said Baca's appointment follows the naming of Sabas Carrillo as interim Chief Executive Officer on August 12.

Unrivaled Brands Inc (OTCQX:UNRV) has announced its second-quarter financial results, revealing significant year-over-year revenue and gross profit growth.  The West Coast cannabis company generated total revenue of $17.56 million in the three months ended June 30, 2022, including retail revenue of $10.95 million and cultivation/distribution revenue of $6.61 million.

Unrivaled Brands (OTCQX:UNRV) Inc has revealed that it is launching a national search for new directors to serve on its board. "I believe in good governance and good culture,” newly-appointed interim CEO Sabas Carrillo told shareholders.