Streetbeat News

UNRV

Unrivaled Brands Inc

Employees

334

Industry

Fertilizer (Mixing Only) Manufacturing

Open

0.01

Mkt cap

58K

Volume

761K

High

0.01

P/E Ratio

-0.75

52-wk high

3.60

Low

0.01

Div yield

N/A

52-wk low

0.01

Unrivaled Brands, Inc. (OTCQB:UNRV) has completed a strategic reorganization, with Blum Holdings, Inc. becoming its parent company. UNRV implemented a 1-for-100 reverse stock split of its common stock on Jan. 12. Post-reorganization, UNRV shares have converted to Blüm's common stock, which will trade under the symbol 'BLMH' on the OTCQB. The company's Q3 financials showed a revenue drop of 11.4% YoY to $8.6 million, but a reduced net loss of $3.4 million compared to the previous year's $119.9 million. UNRV shares were down 7.41% at $0.0075 per share.

Portfolio Pulse from Jelena Martinovic

January 16, 2024 | 11:17 pm

The cannabis industry saw significant leadership changes in 2023, with new CEOs appointed at various companies, including Humble & Fume Inc., WeedTube, MariMed, Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo Ltd., MedMen Enterprises, Flora Growth Corp., Charlotte's Web, RX Green Technologies, AFC Gamma, Inc., Société québécoise du cannabis, The Blinc Group, and Kaival Brands Innovations Group. These changes are part of the industry's efforts to drive growth, sustainability, and social responsibility. Analysts are optimistic about the sector's potential for growth, with some stocks already showing substantial gains.

Portfolio Pulse from Jelena Martinovic

December 29, 2023 | 6:15 pm

The Viridian Credit Tracker Model uses 11 market and financial variables to quantify four main credit factors: Liquidity, Leverage, Profitability, and Size. The model suggests that the best single number that an investor can calculate is Total Liabilities/ Market Cap. The model shows moderate improvement for C21 (OTC:CXXIF), Unrivaled (OTC:UNRV), Glass House (OTC:GLASF), TerrAscend (OTC:TSNDF), and AYR (OTC:AYRWF) while MariMed (OTC:MRMD), Trulieve (OTC:TRUL), and Cannabist (OTC:CBSTF), show moderate deterioration. Schwazze, Red White & Bloom (OTC:RWBYF), and Acreage (OTC:ACRDF) all show more significant deterioration.

Portfolio Pulse from Viridian Capital Advisors

October 16, 2023 | 4:23 pm

Unrivaled Brands, Inc. (OTCQB:UNRV) plans to reorganize under a new Delaware holding company, Blum Holdings, Inc. The reorganization will exchange each outstanding share of Unrivaled’s common stock and Series V preferred stock on a one-for-one basis for a share of Blüm. Unrivaled stockholders will also be asked to approve a reverse stock split of the company’s common stock at a ratio determined by the board of directors of Unrivaled in the range between a 1-for-70 to 1-for-100. The reorganization is expected to be completed in Q4 2023.

Portfolio Pulse from Jelena Martinovic

October 11, 2023 | 12:52 pm

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.

Portfolio Pulse from Nina Zdinjak

September 29, 2023 | 2:11 pm

Several cannabis companies have announced changes in their leadership, including board appointments and executive promotions. These include ZYUS Life Sciences, Unrivaled Brands, CannaPharmaRx, Shiny Health & Wellness, Cansortium, Aurora Cannabis, CanadaBis Capital, Nova Farms, Heritage Cannabis Holdings, Jazz Pharmaceuticals, Kaival Brands Innovations, The Scotts Miracle-Gro Company, Pure Sunfarms, Nextleaf Solutions, Charlotte's Web Holdings, and High Times. The changes come as the U.S. Department of Health and Human Services recommends rescheduling cannabis from a Schedule I to a Schedule III substance.

Portfolio Pulse from Jelena Martinovic

September 15, 2023 | 1:02 pm

The Teamsters Local 777 union led a 13-day strike at two Rise Cannabis dispensaries in Illinois, owned by Green Thumb Industries Inc., resulting in a 50% wage increase. The first collective bargaining agreements between Rise and the union members have been ratified. Under the contracts, employers at Rise dispensaries are entitled to wage increases of 18% over the lifetime of the agreement, attendance bonuses, a scheduling policy based on seniority, guaranteed tips and discounts, improved safety standards, and protection against unjust termination or discipline. Similar agreements have been reached in Michigan with Ascend Cannabis Provisions. Meanwhile, suspicious 'labor organizations' in California are under investigation for entering into labor agreements with cannabis companies, including Unrivaled Brands, Inc. and Glass House Brands Inc.

Portfolio Pulse from Jelena Martinovic

September 07, 2023 | 12:40 pm

The article lists the cannabis stocks that gained and lost on August 25, 2023. Notable gainers include Clever Leaves Holdings (NASDAQ:CLVR) and Skye Bioscience (OTC:SKYE), while notable losers include Australis Capital (OTC:AUSAF) and Red White & Bloom Brands (OTC:RWBYF).

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:30 pm

On August 23, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Hemp (OTC:HEMP), 1933 Industries (OTC:TGIFF), and SLANG Worldwide (OTC:SLGWF), while notable losers included Red White & Bloom Brands (OTC:RWBYF), Heritage Cannabis Holding (OTC:HERTF), and CordovaCann (OTC:LVRLF).

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 9:30 pm

The article lists the marijuana stocks that gained and lost on August 22, 2023. The biggest gainers were Red White & Bloom Brands (OTC:RWBYF), Radient Technologies (OTC:RDDTF), and Heritage Cannabis Holding (OTC:HERTF). The biggest losers were EVIO (OTC:EVIO), Choom Holdings (OTC:CHOOF), and Tetra Bio Pharma (OTC:TBPMF).

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 9:30 pm

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