UNRV - California Weed Co. Wraps Up Strategic Reorganization This Is Unrivaled's New Name | Benzinga
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.
The move marks a milestone in the company’s growth and development strategy, the Santa Ana-based Unrivaled Brands said in a press release.
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.
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 ...