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Blum Holdings, Inc. (UNRV) is a leading investment company specializing in a diverse portfolio of businesses across multiple industries. With a focus on innovation and growth, Blum Holdings prides itself on strategic partnerships, cutting-edge products, and a commitment to financial excellence. Recent achievements include expansion into emerging markets, successful collaborations with industry leaders, and a strong financial performance.
Unrivaled Brands, Inc. (OTCQX: UNRV) has announced the inclusion of Paradise Smokes in its Accelerator distribution program, which offers innovative cannabis distribution solutions. Paradise Smokes, a family-owned business based in Los Angeles, specializes in premium prerolls. Unrivaled's President, Oren Schauble, expressed enthusiasm about this partnership, recognizing Paradise's growth in the California market. The Accelerator program enables brands to leverage Unrivaled's distribution network and sales support, enhancing their market presence.
Unrivaled Brands (OTCQX: UNRV) outlines its 2022 growth strategy, emphasizing its focus on West Coast cannabis markets. The company aims to leverage its early entry as a multi-state operator, navigating challenges in certain markets. Key highlights include California and Oregon's significant market presence, accounting for about 30% of national sales, and opportunities for acquisitions due to market fragmentation. Future initiatives involve expanding its brand portfolio, enhancing retail and distribution networks, and launching a licensing program for its established brands. The company is positioned for growth amidst competitive pressures.
Unrivaled Brands, Inc. (OTCQX:UNRV) has announced the opening of a new cultivation facility in southern Oregon, featuring 10,000 square feet of greenhouse and 50,000 square feet of outdoor cultivation area. This facility enhances the vertically integrated operations of the company, particularly for its Sticks brand, which aims to meet increasing product demand. The first harvest is anticipated in early summer 2022, potentially leading to greater profit margins and brand consistency. With over two million Sticks pre-rolls sold, Unrivaled continues to expand its footprint in the cannabis market.
Unrivaled Brands, Inc. (OTCQX: UNRV) has successfully sold its non-operating real estate, the Dyer Property in Santa Ana, CA, for $13.4 million. This transaction allows the company to retire $9 million of outstanding debt linked to the property. Eliminating the carrying costs will save the company over $125,000 monthly, contributing towards achieving positive cash flow. CEO Frank Knuettel II stated that this move is part of a strategy to focus on core operations and improve returns on investment, as the company aims to strengthen its position as a leading multi-state operator in the cannabis sector.
SANTA ANA, Calif., Feb. 08, 2022 - Unrivaled Brands (OTCQX: UNRV) announces participation in a panel discussion titled, “Hot Topics in Cannabis: Do’s and Don'ts in a M&A Transaction” on February 16 from 11:00 A.M. to 12:00 Noon ET. CEO Frank Knuettel and General Counsel Joe Segilia will share insights on navigating M&A challenges in the cannabis sector, addressing regulatory hurdles and governance issues.
The webinar will cover critical topics including diligence in cannabis M&A, tax implications, capital raising, and license transfer processes.
Unrivaled Brands, Inc. (OTCQX: UNRV) announced a distribution agreement with POTTERS Cannabis Co. to widen the reach of POTTERS' cannabis vape products across California. This partnership will enhance Unrivaled's existing distribution network, allowing them to deliver premium all-natural cannabis products to dispensary clients. The collaboration aims to capitalize on the growing cannabis market in California, where Unrivaled operates multiple dispensaries and distribution channels.
Unrivaled Brands (OTCQX: UNRV) will hold a live presentation at VirtualInvestorConferences.com on January 20, 2022, at 4:00 PM EST. CEO Frank Knuettel is set to engage with investors during this interactive event, allowing real-time questions. For those unable to attend live, an archived webcast will be available post-event. Investors are encouraged to pre-register and check the online system in advance for a smoother experience. Unrivaled Brands operates in the cannabis sector, with facilities in California and Oregon.
Unrivaled Brands, Inc. (OTCQX: UNRV) announced its participation in the H.C. Wainwright BioConnect Conference, taking place virtually from January 10-13, 2022. CEO Frank Knuettel II will present an overview of the company's operations, which focus on the cannabis sector with multi-state operations in California and Oregon. The company runs five dispensaries and has a distribution network and cultivation facilities in California, as well as distribution in Oregon. The Korova brand leads in high potency products across multiple categories.
Unrivaled Brands (OTCQX: UNRV) announced the sale of its Dyer Property in Santa Ana, CA for $13.4 million, set to close in January 2022. The sale will allow the company to retire $9.0 million in debt, significantly reducing its monthly carrying costs by over $100,000. Despite selling the property, Unrivaled retains a dispensary license, which it is evaluating for potential development, possibly in underserved areas of Santa Ana. The CEO emphasized the importance of focusing on profitable operations as a step toward achieving positive cash flow.
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