SANTA ANA, Calif., Oct. 24, 2023 — Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations throughout California, is pleased to announce that on October 13, 2023, Viridian Capital Advisors (“Viridian”) released their Capital Chart of the Week, designed to highlight significant investment, valuation, and M&A trends within the cannabis sector, ranking Unrivaled as having one of the most improved measures of credit quality relative to its publicly traded cannabis peers.
Sabas Carrillo, Unrivaled’s Chief Executive Officer, said, “Being ranked 8th most profitable and 19th most credit worthy among our U.S. and Canadian publicly traded cannabis peers by Viridian and now being recognized for the improvement of our credit quality is another point on the board and external confirmation of our work to improve the health of our assets and overall business. The improvement is another indication of just how much Unrivaled has progressed.”
Viridian calculated credit quality as a function of total liabilities divided by market capitalization, pointing to it as “the best single number that an investor can calculate.” The Total Liabilities/Market Cap ratio captures real-time market fluctuations and crucial financial aspects like lease liabilities, taxes, and deferred acquisition liabilities allowing investors to potentially better predict distressed assets. Its calculations were indicated as having been current as of October 13, 2023.
Chris Rivera, Unrivaled’s Interim Chief Financial Officer, said, “As part of the Unrivaled turnaround, we have been and continue to be focused on building a foundation on which Unrivaled can continue to grow. The recognition of the Company’s continued improvement is further testament to our work and reflects a reduction of over $53.0 million in debt. We look forward to what the future holds.”
The rankings can be found here: Viridian Chart of the Week – Viridian Capital Advisors.
About Unrivaled Brands
Unrivaled Brands is a company focused on the cannabis sector with operations in California. Unrivaled Brands operates four dispensaries and direct-to-consumer delivery, a cultivation facility, and several leading company-owned brands. Unrivaled Brands is home to Korova, known for its high potency products across multiple product categories, including the legendary 1000 mg THC Black Bar.
For more info, please visit: https://unrivaledbrands.com.
