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New CEO is the real deal.
Biden has pushed the FDA to reschedule MJ. maybe he will finally get rid of the GOP left overs in the FDA, Post Office and other agencies being lamed by these churchy assholes in his second term.
are alcohol and tobacco companies jumping on marijuana legalization? they need more revenues? but stock price of marijuana companies don't reflect it, may be they know schumer will never bring it for vote as he had too many chances in last 2 years but did not except bluff
told unrv to settle back in august. lol. they do it now ? after ruining the company and their names. they are getting free advice here. another piece of advice: california is prime market for their business, don't screw it up, it is legal, grow it, grow it free . just learn from others, like a company partnered with gas stations. spend zero money in partnering and share revenues. they are small and can grab a lot of market share. it is now or never for this company. distrubution is everything and does not need much capital. they are small and can do it cheap with not much overhead.
https://ir.unrivaledbrands.com/news-events/press-releases/detail/350/unrivaled-brands-and-peoples-california-reach-settlement
Peterson, then Peterson's wife, now the new owners = SCAM
you forgot the dilution that they just did. they are corrupt.
LMAO the tails are done wagging the dog.
The new management are coming thru in a big way. Increased revenues, decreased costs -
Still cheap compared to real worth.
Yes, it's been done since Peterson's wife took the booty.
this is done and finished. they are burning money in bogus lawsuits defending themselves of wrongdoing when they actually did wrong. time for corporate veil piercing. did you see how many shares they gave away to fund their operations? this company is in california where cannabis companies are making ton of money.
Glad I loaded up in the .018 levels. Looks like two more dispensaries. They might be expecting the FDA to finsih it's evaluation of MJ as Joe Biden asked them last year. Given the current clown show I doubt the GOP will be able to squash this.
SANTA ANA, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations in California, enters into binding Letters of Intent with two Cookies branded retail stores: Cookies Redding in Redding, CA and Cookies Oakland in Oakland, CA.
On December 30, 2022, the Company entered into binding Letters of Intent with each of Green Door Redding, LLC (“Cookies Redding”) and 510 Retail & Events, Inc. (“Cookies Oakland”) pursuant to which Unrivaled is purchasing an Option to Purchase each of the dispensaries and will also negotiate and enter into a Management Services Agreements to operate the respective dispensaries.
Options to Purchase
Both the Letter of Intent with Cookies Redding (the “Cookies Redding LOI”) and the Letter of Intent with Cookies Oakland (the “Cookies Oakland LOI”) provide Unrivaled, for a period of 12 months, with an option to purchase each of Cookies Redding and Cookies Oakland on terms mutually agreeable to the parties. The Company is paying an equivalent of $1,000,000 (the “Cookies Redding Option to Purchase Deposit”) and an equivalent of $500,000 (the “Cookies Oakland Option to Purchase Deposit”) in shares of the Company’s common stock (“Common Stock”) at the closing share price on December 30, 2022. Each of the Cookies Redding Option to Purchase Deposit and the Cookies Oakland Option to Purchase Deposit will be applied to the purchase price of each dispensary at the time of purchase if such purchase occurs.
Long live the glory that was Blüm! RIP
now the insiders are taking every penny out to defend their name. it is not right. they did do wrong. this company is finished. the insiders were busy looting free shares than making the company healthier. time for justice for shareholders.
unreal still here 8years following this pos......smh
https://seekingalpha.com/article/2256753-terra-tech-a-natural-born-capital-killer
LAST UPDATED: 1 DECEMBER 2022 AT 11:00AM EST
Derek Peterson Net Worth
Derek Peterson biography
Derek Peterson serves as Chairman of the Board of the Company. Mr. Peterson served as President until November 6, 2017. Mr. Peterson began his career in finance with Crowell, Weedon & Co. (now, D.A. Davidson & Co.), the then-largest independent broker-dealer on the West Coast. In his 6 years there, Mr. Peterson became a partner and Branch supervisor, where he was responsible for sales of over $10 million. Mr. Peterson was offered an opportunity to build a southern Orange County presence for Wachovia Securities, where he became the first Vice President and Branch Manager for its Mission Viejo location. He was instrumental in growing that office from the ground up into the $15 million office it is today. After his term at Wachovia Securities (now, Wells Fargo Advisors), Mr. Peterson accepted an opportunity for a Senior Vice President position with Morgan Stanley Smith Barney, where he and his team oversaw combined assets of close to $100 million. In addition, he has also been involved in several public and private equity financings, where he has personally funded several projects from angel to mezzanine levels. Mr. Peterson is a CFPÒ Professional and held Series 7 (General Securities Representative), Series 9 and 10 (General Securities Sales Supervisor), Series 3 (National Commodity Futures), Series 65 (Investment Advisor Representative), and California Insurance License. Mr. Peterson holds a Bachelors degree in Business Management from Pepperdine University. Mr. Peterson also owned a 12% interest in Black Oak Gallery until we acquired Black Oak Gallery on April 1, 2016. As a co-owner of Black Oak Gallery, Mr. Peterson worked with governmental agencies and tax authorities in Oakland, including working with the city to establish medical cannabis ordinances, competed for a permit to operate, and responded to a city request for proposal.
What is the salary of Derek Peterson?
As the Chairman of the Board of Terra Tech, the total compensation of Derek Peterson at Terra Tech is $1,099,170. There are no executives at Terra Tech getting paid more.
Locked
Wall
breach of fiduciary duty, abuse of control, self-dealing, corporate waste, and unjust enrichment : as people’s filed case in court
the insiders are patting themselves on the back? they are defending the fraud that they have done and are disillusioned. squandering more of investors money in defending on fraud they committed. this may be even larger fraud than what sam did. they have decimated the value of this stock and other people's money. start looking into it by counting number of free shares they issued weekly, monthly and yearly and spending all that cash. we will know once corporate veil is pierced.
https://ir.unrivaledbrands.com/news-events/press-releases/detail/344/unrivaled-brands-successfully-opposes-yet-another
… atta boy … $UNRV #LootWallStreet
Buy Curaleaf this week.
You won’t regret it.
Even though UNRV has been in the dumps, SAFE banking could help dramatically. It would allow cannabis businesses to write off business expenses as tax deductions which right now THEY CANNOT DO! This is going to be a huge saving to them and has been hurting them badly. Last time people thought SAFE was going to pass, TRTC/UNRV ran to .70. I don't know what will happen this time but we will find out very SOON! GL
From Tom Angel on twitter:
We are in all likelihood going to learn a lot more about the possibility of achieving additional federal marijuana reform this year—and the scope of those reforms—within the next 24 hours or so.
Stay tuned.
safe banking may pass but unrv is in toilet, a lost and missed opportunity when others are going up and will skyrocket soon.the insiders are total loosers and failure.
out of this shit. will keep an eye and will post, watching which of the insiders would be spending their time behind bars
Creditors will decide what to do with the "assets" as bankruptcy is not an option for marijuana companies and common equity is worthless.
Current assets = 7.21 million and current liabilities = 75.0 million
Assets = 54 million and liabilities = 96 million
My guess is all operations will cease and the company will be dissolved. The remaining assets will be transferred to a new corporate entity owned by the creditors.
The losers will walk away with your money.
A hydrofarm miracle only happens once. They pissed it off. They are now practically done.
are we looking at bankrupcty and shutting its doors for good here? these losers will never get another chance
Value of the company and the current OS indicates a share price of .0305.
Doubt any movement much higher or lower without a catalyst that increases or decreases the value of the company.
With the current house majority being RED I doubt Biden will advance anything that legalizes MJ but the FDA may still act to move MJ out of 'illegal' status federally allowing interstate commerce, banking, Federal interdiction of illegal grows, and other benefits that would go with legalization not to mention the federal criminal pentalities on individuals.
Of course some of the RED states would pass state laws to reinforce the illegality of MJ and the current taliban Supreme court would uphold these laws.
Sunken ships usually stay at the bottom of the ocean and rust.
So, we are back to Derek Petterson numbers ? ... and has this ever had a negative book value before ? (it maybe even worse now than DP left it)
safe banking may pass soon but they have put this company to rubbles by enriching themselves, lawsuits. i don't get it, why the losers have so much ego, they are complete failures and always talked rubbish, most recent was turnaround, no updates.
A bad biz model is a bad biz model regardless of the specific challenges of the cannabis industry that make the sector extra difficult to navigate successfully.
not apparently, it is in black and white, they certainly know how to ruin something over and over
Apparently $UNRV stores and sales are a ghost town too ... "This was a decrease of $9.29 million or 46.3% in revenue from continuing operations."
https://ir.unrivaledbrands.com/news-events/press-releases/detail/343/unrivaled-brands-reports-third-quarter-2022-financial
The Company realized an operating loss from continuing operations of $122.80 million for the three months ended September 30, 2022 compared to $11.70 million for the three months ended September 30, 2021, an increase of $111.10 million or 949.5%.
TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY=(42,111).
The equity is worthless.
more lawsuits likely coming as they are spending shareholders money in frivolous lawsuits just to take revenge on people's. people's is right that the management is wrong and enriched themselves. you saw market took it negative yesterday when the news came out. imo big trouble for current directors. they should have settled and gained from developments in the cannabis. i think this company is done. no one wants to touch a company with so many lawsuits, infighting with very money left forget about acquisition target. imo piercing the corporate veil may be coming soon to a theater near you. hey all those millions and millions of free shares , yum yum. as they say enough is enough. this is not their moma’s company.
this company is busy fighting with peoples and many more when everyone is encouraged and stock should be skyrocketing from these prices. this interstate is huge. but the losers just don't get it
https://www.marijuanamoment.net/california-governor-signs-10-marijuana-bills-including-interstate-commerce-employment-protections-and-record-sealing/
Nope, you will never be worth investing in. BTW, did you get out of the basement yet?
… even scams can be profitable to invest in if you know it’s a scam … $UNRV #LootWallStreet #ROFLMFAOTTB
They are waiting for the FDA's decision on scheduling Joe Biden asked for. The same thing US pot stocks have been waiting for for years. Finally. All the junk pot stocks have been taking for years was always about the FDA. Never about using stock to pay for salaries, stock to expand and all the other stuff US pot stocks have been earmarked with since day one.
If the FDA removes it from the schedule 1-3 then banking, interstate commerce, Fed protection, export, access to decent capital rates and more will come.
Holy C%^$, you folks will actually have to evaluate these stocks based on their merits instead of ginning up bogus junk.
too many gas stations in california, what is unrv waiting for? also does the snow in east coast makes california and oregon more desirable?
green thumb ceo this morning
Great day, UK PM decided eliminating taxes on the wealthy was a bad idea and the markets are up for today. Wonder how long this bull lasts in the bear market? I bet 3 days.
Long time investors are just waiting. Not all of the pot stocks will make it. UNRV may or may not. So the key take away is don't buy MJ stock with money you may need. It's a bet - not an investment and remember Canadian stocks are already legalized in Canada. They have banking, they have the ability to ship across Canadian province borders. They already have Fed and local police focused on illegal trade.
Financial solvency seems to be irrelevant in this sector. With the Biden announcement, stocks like Green Thumb (GTBIF) and Merimed (MRMD) jumped and then dumped within three days. Green thumb is back to $10 from a high of $14.
The entire field is just day traders going in and out.
Probably right.
How's bidness? Still do work in the industry?
Almost all my friends have sold out to larger better capitalized companies except one here in Denver.
For better or worse, corporate cannabis has taken over yet the storefront names have not all changed. Great for the average consumer who are happy with standardized mid-grade bud, but sucks for those who seek easy access to the superfine.
Small high quality growers and shops will have their day in the sun in due time. A craft brewer phenomena will happen in the cannabis space after federal tax and banking changes.
So the 70% insider ownership you state is an OPINION. LOL!
Since I work with facts from free PRIMARY sources like the SEC, I have no problem showing my work.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1451512/000162828022009362/trtc-20211231.htm#ifbe1f820ba484696aab835afcc20e4b3_91
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