California Weed Co. Wraps Up Strategic Reorganization, This Is Unrivaled's New Name
California Weed Co. Wraps Up Strategic Reorganization, This Is Unrivaled's New Name
California cannabis company Unrivaled Brands, Inc. (OTCQB:UNRV) announced on Tuesday that it has wrapped up its previously announced strategic reorganization. Before that, on Jan. 12, UNRV implemented a reverse stock split of its common stock at a 1-for-100 ratio.
加州大麻公司Unrivaled Brands, Inc.（OTCQB: UNRV）週二宣佈，它已經結束了先前宣佈的戰略重組。在此之前，UNRV於1月12日以1比100的比例對其普通股進行了反向分割。
The move marks a milestone in the company's growth and development strategy, the Santa Ana-based Unrivaled Brands said in a press release.
總部位於聖安娜的Unrivaled Brands在一份新聞稿中表示，此舉標誌着該公司增長和發展戰略中的一個里程碑。
Under the reorganization deal that seeks to position the company to capitalize on growth opportunities., Blum Holdings, Inc., a Delaware corporation company is now the parent company of UNRV.
根據旨在使公司能夠利用增長機會的重組協議，特拉華州的一家公司Blum Holdings, Inc. 現在是UNRV的母公司。
Moreover, each share of UNRV's common stock and preferred stock outstanding immediately prior to the effective time (and immediately following the reverse stock split) has automatically converted into equivalent shares of Blüm's common stock and preferred stock, respectively, under the deal.
此外，根據該協議，UNRV在生效前不久（以及反向股票拆分之後）已發行的每股普通股和優先股已分別自動轉換爲Blum普通股和優先股的等價股。
Blüm's common stock will trade on the OTCQB tier of the OTC Markets under the symbol "BLMH."
Blum的普通股將在場外交易市場的OTCQB層面上交易，股票代碼爲 “BLMH”。
Additionally, directors and officers of UNRV immediately prior to the reorganization transitioned to serve as the directors and officers of Blüm,
此外, 聯合國志願人員組織在重組前夕的董事和幹事轉爲Blum的董事和幹事,
In its third-quarter financial report, the company revealed that it has settled a $4.12 million debt including interest, penalties and a related motion for summary judgment. While its revenue dropped 11.4% year-over-year drop in revenue to $8.6 million for the period, Unrivaled managed to cut a net loss to $3.4 million, compared to a $119.9 net loss in the prior year's period.
該公司在第三季度財務報告中透露，已經清償了412萬美元的債務，包括利息、罰款和相關的即決判決動議。儘管該期間收入同比下降11.4％，至860萬美元，但Unrivaled設法將淨虧損削減至340萬美元，而去年同期的淨虧損爲119.9美元。
In July, the company appointed its CEO, Sabas Carrillo as the chairman of the board.
7月，該公司任命其首席執行官薩巴斯·卡里略爲董事會主席。
See also: Unrivaled Brands Revenue Declines 44% YoY In Q2, Profit Follows Suit
另見：無與倫比的品牌第二季度收入同比下降44％，利潤緊隨其後
UNRV Price Action
UNRV 價格行動
Unrivaled Brands' shares traded 7.41% lower at $0.0075 per share at the time of writing on Tuesday.
在週二撰寫本文時，Unrivaled Brands的股價下跌7.41％，至每股0.0075美元。
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