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California Cannabis Co. Blum Reports $33M In 2023 Revenue After Wrapping Up Restructuring - Blum Holdings (OTC:UNRVD)

Unrivaled Brands, Inc. has released unaudited financial results for its fiscal year and quarter ended December 31, 2023. The company reported revenue of $33 million from continuing operations for fiscal year 2023. In 2023, the company underwent a restructuring and strategic reorganization, culminating in the formation of a new holding company, Blum Holdings, Inc. The process was completed in early January, along with a reverse stock split of its common stock. The company reported that quarter-over-quarter retail revenue remained consistent with the previous quarter, decreasing slightly from $8.4 million to $8 million. The gross profit margin for the quarter was 53%. Total transactions in 2023 increased by 5% compared to the previous year. The CEO of Blum Holdings, Sabas Carrillo, stated that the company is focused on strategic growth initiatives, retail opportunities, margin growth through in-house brands, debt reduction, and operational efficiency in 2024. ....

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Adnant Consulting Celebrates Unrivaled Brands Turnaround and Corporate Reorganization to Blüm ...

DOWNEY, Calif., Jan. 24, 2024 (GLOBE NEWSWIRE) Adnant (the “Company” or “Adnant”), a trailblazing accounting and consulting firm in the cannabis industry, proudly announces its instrumental role in the ....

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California Weed Co. Wraps Up Strategic Reorganization, This Is Unrivaled's New Name - Unrivaled Brands (OTC:UNRV)

California cannabis company Unrivaled Brands has completed its strategic reorganisation and reversed stock split. Under the reorganisation deal, Blum Holdings is now Unrivaled Brands' parent company, and each share of its common stock has automatically converted into equivalent shares of Blüm's common stock. As part of the restructuring, Blüm's common stock will trade on the OTCQB tier of the market under the "BLMH" ticker symbol. Directors and officers of Unrivaled Brands prior to the reorganisation will serve as the directors and officers of Blüm. This milestone is part of Unrivaled Brands' growth and development strategy. In Q3 2021, the company saw an 11.4% YoY drop in revenue to $8.6m, but managed to limit its net loss to $3.4m, compared to a $119.9m net loss in the previous year. ....

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Unrivaled Brands Reports Average 96% Consolidated Stockholder Voting Support

SANTA ANA, Calif., Dec. 06, 2023 Unrivaled Brands, Inc. , a cannabis company with operations throughout California, is pleased to announce the successful outcome of its 2023 annual meeting of. ....

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