TRTC - Terra Tech to acquire Unrivaled in all-stock transaction

Terra Tech ([[TRTC]] +8.8%) executed an agreement to acquire UMBRLA, recently rebranded as Unrivaled, in an all-stock transaction.Unrivaled is a swiftly growing and well-run diversified cannabis company comprised of several highly recognized cannabis brands complemented by distribution, manufacturing and dispensary operations; operates manufacturing and distribution operations in both California and Oregon and dispensaries in California.Through licensing agreements, select Unrivaled brands are also sold in over 200 dispensaries throughout Arizona and Oklahoma.Post the merger, Terra Tech expects to continue its licensing expansion of the Korova brand and integrate the Unrivaled portfolio into its existing operations in California and Nevada."Based on our growth trajectories and new operations coming online during 2021, we believe that the combined companies will generate revenues in excess of $70M in 2021," CEO Frank Knuettel II commented.

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Terra Tech to acquire Unrivaled in all-stock transaction