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）周二宣布，它已经结束了先前宣布的战略重组。在此之前，UNRV于1月12日以1比100的比例对其普通股进行了反向分割。
The move marks a milestone in the company's growth and development strategy, the Santa Ana-based Unrivaled Brands said in a press release.
总部位于圣安娜的Unrivaled Brands在一份新闻稿中表示，此举标志着该公司增长和发展战略中的一个里程碑。
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.
根据旨在使公司能够利用增长机会的重组协议，特拉华州的一家公司Blum Holdings, Inc. 现在是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，根据该协议，UNRV在生效前不久（以及反向股票拆分之后）已发行的每股普通股和优先股已分别自动转换为Blum普通股和优先股的等价股。
Blüm's common stock will trade on the OTCQB tier of the OTC Markets under the symbol "BLMH."
Blum的普通股将在场外交易市场的OTCQB层面上交易，股票代码为 “BLMH”。
Additionally, directors and officers of UNRV immediately prior to the reorganization transitioned to serve as the directors and officers of Blüm,
此外, 联合国志愿人员组织在重组前夕的董事和干事转为Blum的董事和干事,
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.
该公司在第三季度财务报告中透露，已经清偿了412万美元的债务，包括利息、罚款和相关的即决判决动议。尽管该期间收入同比下降11.4％，至860万美元，但Unrivaled设法将净亏损削减至340万美元，而去年同期的净亏损为119.9美元。
In July, the company appointed its CEO, Sabas Carrillo as the chairman of the board.
7月，该公司任命其首席执行官萨巴斯·卡里略为董事会主席。
See also: Unrivaled Brands Revenue Declines 44% YoY In Q2, Profit Follows Suit
另见：无与伦比的品牌第二季度收入同比下降44％，利润紧随其后
UNRV Price Action
UNRV 价格行动
Unrivaled Brands' shares traded 7.41% lower at $0.0075 per share at the time of writing on Tuesday.
在周二撰写本文时，Unrivaled Brands的股价下跌7.41％，至每股0.0075美元。
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