LTRMN And Psychonaut Bought Stakes Through Unrivaled Brands Carrillo In Oregon

LTRMN And Psychonaut Bought Stakes: A cannabis industry-focused business with operations in California called Unrivaled Brands. Four dispensaries, direct-to-consumer delivery, a growing facility, and a number of well-known company-owned brands are all operated by Unrivaled Brands. Korova, a company noted for its high-potency goods in a variety of product categories is produced by Unrivaled Brands and is presently offered in California, Oregon, Arizona, and Oklahoma.

  • Unrivaled Brands said on Wednesday that Sabas Carrillo, who has served as interim CEO since August, has been designated the company’s new CEO and a board member.
  • Additionally, the business finished spinning off its LTRMN and Psychonaut Oregon businesses.
  • Unrivaled has paid $25K to Buchanan Group and an unrelated third-party bidder for its investment in LTRMN, which operates a cannabis distribution and wholesale business in Oregon.
  • The down payment was made using a secured promissory note with an 8% yearly interest rate that was due and payable on the third anniversary of the date of issuance. The purchase price will immediately change to $0 and the note will be regarded as fully repaid upon the resolution of any pending lawsuit.
  • Additionally, Unrivaled paid Joseph Gerlach $1 for its 50% ownership in Psychonaut Oregon. The other 50% of Psychonaut is owned by Gerlach, who also serves as Unrivaled’s chief cultivation officer.
  • The remaining $500K in lease payments over a five-year period, together with all operating responsibilities and expenses, were acquired by Gerlach.
  • Jim Miller was also chosen as the COO of Unrivaled.
  • The business previously announced Q3 sales of $10.76M and EPS of -$0.21.
LTRMN And Psychonaut Bought Stakes
LTRMN And Psychonaut Bought Stakes

You can also check:

Cautionary Language Concerning Forward-Looking Statements

According to Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, or PSLRA, any comments in this communication that do not relate to historical facts are forward-looking statements. You are advised not to put excessive reliance on them since they involve statements about management’s objectives, plans, beliefs, expectations, or projections for the future.

There is no way to guarantee any forward-looking statements, and actual outcomes might be far different from what was anticipated. Except as required by law, the Company disclaims any responsibility to publicly update any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Cautionary Language Concerning Forward-Looking Statements
Cautionary Language Concerning Forward-Looking Statements

Such forward-looking statements are based on the Company’s estimates and are subject to risks and uncertainties; as a consequence, actual outcomes might vary significantly from those stated or indicated in the statements for a variety of reasons. Every now and then, new factors appear, making it impossible for the company to predict them all, and analyze their effects on the company’s operations.

Determine the degree to which any one factorβ€”or a combination of factorsβ€”could cause actual results to materially deviate from any forward-looking statements. The Company’s SEC disclosures will go into further detail about these risks as well as additional risks connected to the merger.

Read More:

Cautionary Language Concerning Forward-Looking Statements
Cautionary Language Concerning Forward-Looking Statements

The “Risk Factors” section of the company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other papers filed from time to time with the SEC list and discuss additional risks and uncertainties. The company’s information at the time of this announcement served as the basis for the forward-looking statements in this release.

In order to reflect events or circumstances that have occurred after the date of this release, the Company disclaims any duty to update such forward-looking statements. You may keep yourself up to date with all of the most recent news by visiting our website, Focus Hillsboro.

About The Author

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top