Blum Holdings, Inc. - UNRV STOCK NEWS

Unrivaled Brands (OTCQX: UNRV) has announced that CEO Frank Knuettel will participate in several investor conferences in Q4 2021. Key events include A.G.P.’s Virtual Fall Consumer Cannabis Conference on October 5, LD Micro Main Event from October 12-14, and Benzinga NYC Conference on October 14-15. Knuettel aims to update investors on the company's strategic initiatives and strengthen communication with current and prospective shareholders. Unrivaled operates in California, Oregon, and Nevada, focusing on multi-state cannabis operations.

Unrivaled Brands, Inc. (OTCQX: UNRV) has announced the launch of a new cultivation facility in Oakland, California. This advanced facility aims to supply the Korova brand with high-potency cannabis strains and is designed to triple the company's annual production to over 3,500 pounds. The facility features four flower rooms and enhanced technology to ensure quality control. According to COO Uri Kenig, this operational expansion supports the growth of Korova throughout California, reflecting the company's commitment to meeting rising demand in the cannabis market.

Unrivaled Brands, Inc. (OTCQX: UNRV) has partnered with Amuse, a cannabis ecommerce delivery service, to reach over 400 zip codes in California with its Korova brand. The collaboration features the launch of a new CBN & THC Sleep tincture, marking a significant addition to Korova’s product lineup. This initiative enhances Korova's accessibility through modern delivery options, reinforcing its market leadership in high potency cannabis products across multiple states. The delivery service aims to elevate the user experience by offering a curated selection of cannabis products online.

Unrivaled Brands, Inc. (OTCQX: UNRV) announced a virtual presentation with CEO Frank Knuettel scheduled for September 9, 2021, at 8 AM PST. This event is part of their engagement with investors and stakeholders in the cannabis sector, where Unrivaled operates in California, Oregon, and Nevada. The company has a diverse business model with dispensaries, a distribution network, and cultivation facilities. Registration for the event is available via a provided link. The release includes a cautionary note on forward-looking statements and emphasizes that this is not an offer to buy securities.

Unrivaled Brands has announced the effective management of the People’s First Choice dispensary in Santa Ana, California, starting September 1, 2021. The management agreement allows Unrivaled to oversee all operational aspects until the expected acquisition close in Q4 2021. This agreement is projected to enhance revenue and cash flow, with an immediate revenue lift anticipated from the Santa Ana location. Unrivaled also plans to open additional dispensaries in Los Angeles by December 2021 and Riverside in early 2022.

Unrivaled Brands Reports Strong Financial Growth

SANTA ANA, Calif., Aug. 30, 2021 – Unrivaled Brands (OTCQX: UNRV) announced a pro forma combined revenue of $16.6 million for Q1 2021, more than triple its previous revenue of $5.1 million. This leads to an annualized revenue run rate of $66.3 million. The merger with UMBRLA, Inc. has nearly doubled assets, increasing from $107.1 million to $197.0 million. The company anticipates combined revenues exceeding $70 million for 2021, with projections of over $130 million in 2022, as operations expand.

Unrivaled Brands, Inc. (OTCQX: UNRV) has entered an exclusive distribution agreement with Feel Better LLC for their FlowerShop* cannabis products across over 400 California retail stores. Founded by Isaac Muwaswes, Gabriel Garcia, and G-Eazy, FlowerShop* aims to enhance consumer experiences in the cannabis space. The partnership complements Unrivaled’s existing brand portfolio and allows for the launch of various product lines, including BUDVASE flower products and BOUQUETPACK pre-rolls. The first products will be available to select partners starting August 11, 2021.

Unrivaled Brands, Inc. (OTCQX: UNRV) announced a significant 131% increase in quarterly revenue, reaching $6.3 million for Q2 2021, the highest since Q4 2019. Despite a net loss of $4.1 million (or $0.02 per share), the company improved its gross profit to $2.3 million, up from $1.2 million in Q2 2020. Cost reductions are ongoing, with a slight decrease in SGA expenses at $6.2 million. The sale of assets, including a non-operational property in Las Vegas, strengthened the balance sheet with $40 million in cash as of June 30, 2021.

Unrivaled Brands, Inc. (OTCQX: UNRV) has signed an agreement to acquire People's First Choice, enhancing its presence in California's cannabis market. This acquisition includes a Santa Ana dispensary with over 1,000 daily transactions and two additional retail licenses under development. The company anticipates adding more than $60 million in revenue in 2022 from these operations. Management plans to improve cash flow by eliminating redundant corporate expenses. The acquisition strengthens Unrivaled's retail footprint in both Northern and Southern California.