UNRV - Another Cannabis Company Opts For Reorganization Here's What Investors Need To Know | Benzinga
On Tuesday, Unrivaled Brands, Inc. (OTCQB: UNRV) revealed its intentions to implement a reorganization in which a new Delaware holding company, Blum Holdings, Inc., would become the publicly traded holding company of Unrivaled Brands and its subsidiaries.
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Under the reorganization, each outstanding share of Unrivaled’s common stock and Series V preferred stock would be exchanged automatically on a one-for-one basis for a share of common stock and Series V preferred stock, respectively, of Blüm.
Any outstanding securities convertible or exercisable for shares of Unrivaled common stock will become securities convertible or exercisable for shares of Blüm common stock. The ...