Unrivaled Brands is a multi-state vertically integrated company focused on the cannabis sector with operations in California, Oregon and Nevada.
#Terra tech play now registration#
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of the Company's securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Putting approximately $40 million in cash on our balance sheet following the monetization of our Hydrofarm investment, the close of this important transaction and the ongoing restructuring of our balance sheet and operations, we believe we’ve never been in a stronger position to create sustainable shareholder value.”
Based on our growth trajectories and new operations coming online during 2021, we believe that on a combined basis the Company will generate revenues in excess of $70 million in 2021 and be cashflow positive in Q4 of 2021.
Knuettel continued, “Additionally, as part of the merger, we are excited to launch our new corporate identity, rebranding the Company to Unrivaled Brands, Inc., which we believe aligns with our goal of becoming the premier cannabis multi-state operator in the West. We look forward to integrating our businesses and expanding the Company’s platform.” We believe the synergies with Unrivaled’s existing brand portfolio and distribution operations in multiple states will lead to greater scale and produce meaningful economic and operational benefits. The Company's CEO, Frank Knuettel II, stated, "We are pleased to have successfully closed the merger with Unrivaled as we expected. In connection with the merger with Unrivaled, the Company changed its name to Unrivaled Brands, Inc., and as part of the Company’s rebranding, the Company will start trading under its new ticker symbol, “UNRV”, on the OTCQX market at the market opening on Thursday, July 8, 2021. The combined Company’s portfolio includes well-respected brands in cannabis, including Korova, Sticks, Cabana, Blüm and The Spot. Collectively, the Company operates a broad array of cannabis assets involving cultivation, distribution, brands, processing and dispensaries. The merger with Unrivaled brings together two California-based companies with combined operations in California, Oregon and Nevada. (OTCQX:TRTC) ("Terra Tech" or the "Company") today announced that the Company has successfully completed its merger with UMBRLA, Inc., doing business as Unrivaled (“Unrivaled”). SANTA ANA, Calif., J(GLOBE NEWSWIRE) - Terra Tech Corp.
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