Tag: unrivaled brands

Blüm Holdings reports $3M loss in Q3 as subsidiary Unrivaled declares bankruptcy

California-based Blüm Holdings Inc. (OTCQB: BLMH) reported a net loss of $3.3 million for its third quarter of the year, down year-over-year from the $23.8 million in net income the company reported for the same period in 2023. A partial factor in Blüm’s troubles is the insolvency of its subsidiary, Unrivaled Brands, which filed a […]

Marijuana brand Unrivaled declares bankruptcy in investor feud

California-based marijuana operator Unrivaled Brands, a subsidiary of legacy-era cannabis company Blüm Holdings, filed for Chapter 11 bankruptcy protections, court records show. The Monday filing represents the latest twist in a yearslong struggle between Unrivaled and one of its investors, Santa Ana-based People’s California, which Unrivaled accused in a Tuesday news release of “implacable … […]