Toni Ko-Controlled Cannabis Landlord Files Lien Against California-Based Weed Company
Portfolio Pulse from Nina Zdinjak
Unrivaled Brands, Inc. (OTCQB:UNRV) has announced its intention to oppose an application for a writ of attachment filed by entities controlled by Toni Ko, founder of NYX Cosmetics. The application is based on alleged breaches of a cannabis retail lease. Unrivaled's CEO, Sabas Carrillo, stated that the company has been successful in resolving over $50 million in debt and will continue to negotiate with creditors. Unrivaled Brands shares closed flat at 0.0280 per share.
September 29, 2023 | 2:11 pm
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NEGATIVE IMPACT
Unrivaled Brands is facing legal challenges from entities controlled by Toni Ko. This could potentially impact the company's financial stability.
The legal challenge from Toni Ko-controlled entities could potentially lead to financial instability for Unrivaled Brands. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100