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Unrivaled Brands Inc - UNRV STOCK NEWS

Welcome to our dedicated news page for Unrivaled Brands (Ticker: UNRV), a resource for investors and traders seeking the latest updates and insights on Unrivaled Brands.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Unrivaled Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Unrivaled Brands's position in the market.

News
Blüm Holdings Reports Encouraging Preliminary 2023 Revenues Amidst Comprehensive Corporate Overhaul and Market Challenges
Rhea-AI Summary
Blum Holdings, Inc. announces unaudited financial results for fiscal year and quarter ended December 31, 2023, highlighting significant debt reduction, corporate restructuring, and retail operations focus. Revenue from continuing operations was $33.0 million, with a strong gross profit margin of 53%. Despite market challenges, total transactions grew by 5% in 2023. The company's resilience was seen in outperforming broader cannabis market trends in California, with notable revenue growth and transaction increase at specific store locations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.25%
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Blüm Holdings Refocuses on Cannabis Retail and Brand Leadership with Strategic Sale of Cultivation Assets
Rhea-AI Summary
Blum Holdings, Inc. announces the divestment of its final California cultivation facility by its subsidiary Unrivaled Brands, aligning with a strategy to focus on profitable cannabis assets and brand development. The decision aims to prioritize sustained growth, cash generation, and profitability in the dynamic cannabis landscape.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.88%
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Blum Holdings, Announces Future Trading as BLMH; Currently Trades as UNRVD Following Reorganization and Reverse Stock Split
Rhea-AI Summary
Blum Holdings, Inc. announces strategic reorganization and reverse stock split, resulting in a new trading symbol 'OTCQB:UNRVD' for 20 business days before changing to 'BLMH'. The corporate actions took effect on 1/16.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17300%
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stock split
News
Unrivaled Brands Announces Successful Completion of Reorganization and Reverse Stock Split
Rhea-AI Summary
Unrivaled Brands, Inc. (UNRV), a cannabis company based in California, has successfully completed a strategic reorganization and reverse stock split. This move positions Blum Holdings, Inc. as the parent company of UNRV, with Blüm's common stock trading under the symbol 'BLMH' on the OTCQB tier of the OTC Markets. Former UNRV stockholders will need to surrender their original stock certificates as part of the transition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17300%
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stock split
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News
Unrivaled Brands Reports Average 96% Consolidated Stockholder Voting Support
Rhea-AI Summary
Unrivaled Brands, Inc. (OTCQB: UNRV) successfully held its 2023 annual meeting of Stockholders, receiving overwhelming support for key proposals and reflecting stockholders' confidence in the Company's direction and leadership. The proposals approved include the Agreement and Plan of Merger, a reverse stock split, the election of new directors, executive officer compensation, and the appointment of the Company's independent registered public accounting firm. The voting results indicate an average of 96% voting support from stockholders approving all seven (7) proposals.
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Unrivaled Brands Announces Non-Binding Letters of Intent For a Significant Acquisition and Provides Stockholder Update
Rhea-AI Summary
Unrivaled Brands, Inc. (OTCQB: UNRV) announced the execution of Non-Binding Letters of Intent for a Proposed Transaction involving the acquisition of various California-based cannabis assets. The company also updated stockholders on a proposed corporate reorganization and reverse stock split, aiming to foster growth. The Proposed Transaction could generate between $60-80 million in annual revenue post Roll-Up, and would bring experienced cannabis entrepreneurs, complementary assets, geographic expansion, operational efficiencies, and enhanced stakeholder value.
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News
Unrivaled Brands Announces Settlement of Litigation and Debt
Rhea-AI Summary
Unrivaled Brands, Inc. (OTCQB: UNRV) announces a binding settlement term sheet to settle $4.12 million of debt with accredited and institutional investors, expecting to record a gain of approximately $2.37 million in its 2023 financial statements. The settlement extinguishes consent rights, conversion price adjustments, and restrictions on significant transactions, fundraising, and corporate actions.
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Unrivaled Brands Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Unrivaled Brands, Inc. (OTCQB: UNRV) reported a retail gross profit percentage of 52% for the quarter ended September 30, 2023. The company achieved $8.6 million in revenue, with 94% from retail sales, driven by four retail stores and in-house cultivated flower and Korova-branded products. Despite a 7% decrease in selling, general, and administrative expenses, adjusted EBITDA from continuing operations was $(1.2) million. The company also experienced a $1.3 million gain on investments and a $1.5 million loss on disposal of assets. Unrivaled entered a settlement agreement with Mystic Holdings, Inc., recording an unrealized gain on investment of $1.3 million. The company outperformed the broader California market with a revenue decline of 2% compared to a 6% decrease in California cannabis retail revenue. The Chief Financial Officer emphasized maintaining a 52% retail gross margin amidst challenges in the regulated cannabis market and anticipates intensified competition in the future.
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Unrivaled Brands Ranked Among Most Improved “Credit Quality” of Cannabis Peers
Rhea-AI Summary
Unrivaled Brands, a cannabis company, has been ranked 8th most profitable and 19th most credit worthy among its publicly traded cannabis peers by Viridian Capital Advisors. The company has shown significant improvement in credit quality, with a reduction of over $53.0 million in debt.
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Unrivaled Brands Files S-4; Announces Corporate Reorganization to become Blüm
Rhea-AI Summary
Unrivaled Brands announces reorganization and creation of new holding company
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Unrivaled Brands Inc

OTC:UNRV

UNRV Rankings

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UNRV Stock Data

58.12k
4.50M
41.85%
0.01%
Fertilizer (Mixing Only) Manufacturing
Manufacturing
Link
United States
Santa Ana