Magnum7419
8 months ago
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 000-54258
Unrivaled Brands, Inc.
(Exact name of registrant as specified in its charter)
3242 S. Halladay St., Suite 202
Santa Ana, California
(888) 909-5564
(Address, including zip code, and telephone number, including area code, of registrantβs principal executive offices)
Common Stock, par value $0.001
(Title of each class of securities covered by this Form)
None
(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)
Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1)
?
Rule 12g-4(a)(2)
?
Rule 12h-3(b)(1)(i)
?
Rule 12h-3(b)(1)(ii)
?
Rule 15d-6
?
Rule 15d-22(b)
?
Approximate number of holders of record as of the certification or notice date: One
Pursuant to the requirements of the Securities Exchange Act of 1934, Unrivaled Brands, Inc. has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Unrivaled Brands, Inc.
Date: January 16, 2024
By:
/s/ Sabas Carrillo
Name:
Sabas Carrillo
Title:
Chief Executive Officer
2
Magnum7419
8 months ago
hey there long time no see. I still admire Derek........lol
https://www.redfin.com/CA/Laguna-Beach/38-Lagunita-Dr-92651/home/4935484
"LAST SOLD ON FEB 1, 2021 FOR $5,450,000"
versus
Terra Tech Corp (TRTC)
0.2738 +0.0012 (+0.44%) 07/07/21 [OTC US]
QUOTE OVERVIEW for Wed, Jul 7th, 2021Help
https://www.barchart.com/stocks/quotes/TRTC/interactive-chart
ThomasAn
12 months ago
History of dilution from this company:
(How shares outstanding changed over time)
2017 03: 574303117 (TRTC) -> Market cap = $2,354,642,779 (share price 2017.03.24 = $4.10)
2018 03: 65319183 (TRTC) -> after 1:15 reverse split. Market cap = $261,276,732 (share price 2023.03.08 $4.00)
2020 11: 194704163 (TRTC)
2021 03: 234062627 (TRTC) + 39358464
2021 05: 236190148 (TRTC) + 2127521
2021 08: 242411734 (UNRV) + 6221586
2021 11: 445293039 (UNRV) +202881305
2022 03: 527729921 (UNRV) + 82436882
2022 05: 530331383 (UNRV) + 2601462
2022 08: 530456383 (UNRV) + 125000
2022 11: 563589795 (UNRV) + 33133412
2023 04: 693386374 (UNRV) +129796579
2023 05: 691886374 (UNRV) - 1500000
2023 08: 772483465 (UNRV) + 80597091
Note: Reverse splits by themselves may not be a big deal, but they become a huge deal when a company has demonstrated being trigger-happy in issuing new shares and using the shareholders as an ATM machine.
stockanalyze
1 year ago
you know how much ceo payout is? $1,650,000 in consulting fee over 9 months, compensation disguised as consulting fee that does not even include stock options.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001451512/000145151223000062/unrv-20230930.htm
they are on next round of fraud with reverse split. california market is tough like others but one of the biggest and growing. they need to lower cost . all those legal cost they incurred was stupid, all those free shares they gave is loot, all those stupid acquisition of delivery company was such a waste. they need to reduce cost, reduce cost of borrowing , stop reverse split , stop doling out free shares and buyback shares at these prices quietly. they should clawback on free shares they issued if there is a way. and the absurd consulting fee should stop.
stockanalyze
1 year ago
1:100 reverse split will take it to $2.00 and will be back down to $0.02. always happens. the investment is zero if reverse split. they will issue another hundreds of million shares after reverse split to themselves as they did before. they issued millions of shares to themselves in the past, enriching themselves in myriad of ways, fighting in courts , buying delivery companies. this ceo pays himself millions in consulting fee. the whole company is fraud.
call and write to sec, dept of justice on this fraud company.
"In connection with the Annual Meeting, the Unrivaled stockholders will also be asked to approve, among other proposals, a reverse stock split of Unrivaledβs common stock at a ratio determined by the Board of Directors of Unrivaled in the range between a 1-for-70 to 1-for-100 (the βReverse Stock Splitβ). "
stockanalyze
1 year ago
that was when there was no schedule change to 3 from 1 . a big change. lot of savings in $ for the companies. i believe dea should approve within 4-8 weeks. even though safe banking is not necessary, it may help with raising cheap money and safe may go through fast this fall. what i am truly worried about is the management of this company foking this up again. they changed its name but foked it up and investors started to remember its old trtc name. as i said before, this company knows how to fok a good thing by enriching themselves in terms of stock options, dilution, buying a delivery boy company , hefty consulting fee to themselves rather than buyback their stock at these prices. no one seems to want to touch this stock, still.
stockanalyze
1 year ago
i bet unrivaled will find a way to fok this momentum again, either by diluting or giving themselves obscene benefits, salary, consulting fee, stocks etc. they have this uncanny ability to fok each time.
i think this will pass dea sooner than anyone thinks , so to not look like this had something to do with upcoming elections
if i were the ceo, i would buyback shares at these prices and reduce cost of capital.
https://www.politico.com/news/2023/08/30/marijuana-review-move-to-schedule-iii-00113493
stockanalyze
1 year ago
they need to sell, sell, sell, and lower lower lower expenses and stop giving free shares, renegotiate lease, lower medical expenses, insurance expenses etc etc. lot of hard work ahead when they screwed up big time.
ThomasAn
1 year ago
You could be right.
Not happy one bit that shares trippled since two years ago. Without the Safe act, if they keep current revenues while lowering debt more, they could make it to $6c
Currently there are no buyers almost anywhere. Marimed people complain, Green Thumb people complain. Then, try to imagine Madmen holding on by the skin of its teeth.
Quote: "$MMNFF Company will need to obtain an extension or a refinancing of its debt-in-default with the secured senior lender.
In total, the Company's cash needs remain significant and primarily related or stemming to matters that precede from years past when decisions were made under the assumption of eminent federal legalization of cannabis, and not achievable under the current macro-economic conditions impacting our cash flow from operations"