Offers Overview of The latest Achievements Highlighted by Closing of Merger
SANTA ANA, Calif., July 13, 2021 (Globe NEWSWIRE) — Unmatched Models, Inc. (OTCQX:UNRV) (“Unrivaled” or the “Company”) today declared that Eric Baum and Dallas Imbimbo have joined the Company’s Board of Directors as element of the closing of the merger with UMBRLA, Inc., doing company as Unequalled.
Dallas Imbimbo has founded and scaled a number of companies both of those within and outside the hashish sector. Mr. Imbimbo is a co-founder and member of the Board of Administrators of KushCo Holdings (OTCQX:KSHB), a publicly traded business supplying a multitude of ancillary products to the cannabis field, with above a single billion customer units sold to day. Mr. Imbimbo was also the instrumental founder and CEO of BigRentz, the nation’s greatest construction gear rental network, in which he continues to be on the Board of Administrators. Honors include things like Leading Enterprise Cultures in the country by Entrepreneur Journal 2015 & 2016 and Inc 5000’s Quickest Growing Company in America #48 in 2016. Mr. Imbimbo analyzed Psychology, Economics and Conversation at the College of California at Davis.
Eric Baum brings above twenty yrs of knowledge in advising executive management teams for the two nicely-founded Fortune 50 companies and emerging ventures, across a spectrum of industries, like lifetime sciences, cannabis, schooling, journey, technological innovation, and actual estate. In his concurrent roles as Taking care of Director of Acquis Consulting Team and Handling Director / Co-Founder of its affiliate firm, Solidea Capital, he leverages his intensive administration and operational consulting experience to guide companies in places this sort of as company system, market positioning, progress and scale procedures, trajectory administration, M&A, partnering frameworks, possibility analysis, and far more. He also serves in various advisory and Board of Director roles for community and personal companies these kinds of as KushCo Holdings, Starton Therapeutics, Significant Rentz, Tenant Tracker, B Wonderful, and Trip Kicks. In addition to advising businesses on how to scale to the subsequent level, Mr. Baum started and potential customers a fast rising genuine estate investment decision firm working in numerous U.S. markets. Mr. Baum holds a Bachelor of Enterprise Administration from Emory College, the place he graduated Valedictorian. He was awarded the Goizueta Organization School Organizational Administration Highest Award for Excellence and was inducted into Beta Gamma Sigma, the optimum national company honor society.
The addition of these two superior-good quality board users come on the heels of the thriving closing of the merger with UMBRLA and escalating record of achievements about the final 6 months, which include things like but are not restricted to:
Launching initiative to restructure equilibrium sheet and operations
Monetizing investment in Hydrofarm Holdings Group, Inc. stock, yielding gross continue of roughly $40 million in non-dilutive money to the Corporation
Getting into into definitive agreements to purchase SilverStreak Solutions, Inc., one particular of the primary direct-to-consumer cannabis delivery providers in bigger Sacramento
Updating governance and location forth clear strategic ambitions
The Company’s CEO, Frank Knuettel II, stated, “I am quite happy to welcome Eric and Dallas to the Company’s Board of Directors and consider that they will offer priceless strategic and market insight. They are also a sturdy addition to the board, able of offering substantial amounts of oversight, professionalism and company governance. I look forward to functioning with these two achieved people.”
Knuettel ongoing, “I would also like to extend my heat appreciation to Ira Ritter, who has stepped down from the Company’s Board of Directors, for the difficult get the job done, diligence and dedication he presented in support of the growth of the Organization. As a shareholder dedicated to the achievement of the Company, we expect to keep on to receive feed-back from him in that capacity and feel he will proceed to make useful contributions to Unequalled Brands’ extended-time period expansion.”
This press release shall not constitute an present to provide or the solicitation of an present to get securities, nor shall there be any sale of the Firm’s securities in any point out or other jurisdiction in which these types of an provide, solicitation or sale would be illegal prior to registration or qualification below the securities legislation of any these state or jurisdiction.
About Unequalled Makes
Unrivaled Brands is a multi-point out vertically built-in business centered on the cannabis sector with functions in California, Oregon and Nevada. In California, Unrivaled Brands operates 3 dispensaries, state-large distribution community, corporation-owned manufacturers and a cultivation facility and has two added cultivation services and a dispensary less than growth. In Oregon, we operate a condition-broad distribution network and business-owned makes. In Nevada, by way of a joint undertaking, Unrivaled Manufacturers operates a cultivation and producing facility. Unequalled Models is home to Korova, the sector leader in superior potency merchandise across many merchandise categories, now readily available in California, Oregon, Arizona and Oklahoma, as properly as Sticks and Cabana. For far more details, make sure you pay a visit to: https://unrivaledbrands.com.
Cautionary Language About Forward-Searching Statements
Certain statements contained in this interaction with regards to issues that are not historical facts, are ahead-wanting statements within the that means of Segment 21E of the Securities and Exchange Act of 1934, as amended, and the Personal Securities Litigation Reform Act of 1995, known as the PSLRA. These incorporate statements pertaining to management’s intentions, programs, beliefs, anticipations, or forecasts for the long run, and, therefore, you are cautioned not to position undue reliance on them. No ahead-wanting assertion can be confirmed, and true final results may well vary materially from those projected. The Business undertakes no obligation to publicly update any forward-wanting statement, whether as a final result of new data, future events or or else, apart from to the extent necessary by law. We use words these kinds of as “anticipates,” “believes,” “strategies,” “expects,” “tasks,” “foreseeable future,” “intends,” “might,” “will,” “should,” “could,” “estimates,” “predicts,” “likely,” “go on,” “direction,” and identical expressions to determine these ahead-on the lookout statements that are meant to be protected by the safe and sound-harbor provisions of the PSLRA. These types of forward-wanting statements are primarily based on our expectations and contain threats and uncertainties consequently, true benefits might differ materially from individuals expressed or implied in the statements thanks to a quantity of variables.
New factors emerge from time to time and it is not probable for us to predict all these components, nor can we evaluate the impact of every this kind of component on the business enterprise or the extent to which any factor, or combination of variables, may perhaps cause actual final results to vary materially from these contained in any ahead-looking statements. These threats, as well as other threats related with the mix, will be additional absolutely talked about in our reviews with the SEC. More challenges and uncertainties are determined and reviewed in the “Risk Factors” area of the Firm’s Annual Report on Variety 10-K, Quarterly Experiences on Variety 10-Q and other documents filed from time to time with the SEC. Ahead-seeking statements incorporated in this release are based mostly on information and facts readily available to Organization as of the day of this launch. The Organization undertakes no obligation to update this kind of forward-seeking statements to mirror activities or instances following the date of this launch.
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