Unrivaled Brands appoints Robert Baca as interim chief

SANTA ANA, Calif., Aug. 23, 2022 (GLOBE NEWSWIRE) — Unrivaled Brands, Inc. (OTCQX:UNRV) (“Unrivaled” or the “Company”), a multi-state vertically integrated cannabis company operating in California and Oregon , has appointed Robert Baca as interim Chief Legal Officer effective Monday, August 22, 2022.

Mr. Baca’s appointment follows the appointment of Sabas Carrillo as interim chief executive on August 12e and is the first appointment by Sabas as he focuses on executing the company’s ongoing business transformation. “We thank Ms. Rasch for her leadership as CLO of the company over the past few years and wish her the best as she pursues another opportunity,” Sabas said. “As part of the company’s commitment to Adnant, we have promised to bring a strong management team. Fortunately, we can add a powerhouse like Robert at no additional cost to the Company,” Sabas continued.

Mr. Baca has over a decade of experience as a corporate lawyer and consultant specializing in mergers, acquisitions and leveraged financial transactions and is a veteran of the California cannabis industry. Prior to representing clients in the cannabis industry, Mr. Baca practiced as a corporate lawyer at institutions including the New York offices of Kirkland & Ellis, LLP, Paul Hastings, LLP and Goldman Sachs. He has represented U.S. and foreign financial institutions, private equity sponsors, and public and private companies in connection with mergers and acquisitions, securities offerings, and trade financings, including secured and unsecured credit facilities and acquisition financing.

Mr. Baca is Director of Legal Affairs and Innovation at Adnant, LLC (“Adnant”), an accounting and consulting firm that advises cannabis companies on technical and operational accounting, strategic transactions and the process of public offer. He is also an Adjunct Professor of Law at the University of the Pacific McGeorge School of Law, teaching the practice and business of cannabis law.

Prior to joining Adnant, he oversaw the licensing and compliance efforts of cannabis operations in Northern California, including retail, manufacturing, distribution and cultivation businesses at the turn of the century. legalization for adult use in California. Mr. Baca was also a founder and served as Executive Director of the Sacramento Cannabis Industry Association, working closely with state and local regulators, stakeholders and key community constituencies, including neighborhood and community associations. businesses, business owners and residents. He was honored as a recipient of the Sacramento Business Journal’s 40 Under 40 award.

“Robert is an appropriately aggressive and experienced lawyer for this moment in Unrivaled history. His background in cannabis and in corporate transactions will make him an important part of the Unrivaled team,” Sabas said.

Mr. Baca holds a BA from Dartmouth College with honors, a JD from the University of Chicago Law School, and a Master of Science in Finance from the Kelley School of Business at the University of Indiana. He is a licensed member of the New York and California State Bars and a member of the Los Angeles County Bar Association Cannabis Section Policy Subcommittee.

About Unrivaled Brands

Unrivaled Brands is a vertically integrated, multi-state cannabis-focused company with operations in California and Oregon. In California, Unrivaled Brands operates three direct-to-consumer dispensaries, two grow facilities, and several major company-owned brands. In Oregon, we operate a statewide distribution network, company-owned brands, and outdoor and greenhouse cultivation. Unrivaled Brands is home to Korova, the market leader in high potency products across multiple product categories, currently available in California, Oregon, Arizona, and Oklahoma, as well as Sticks and Cabana.

For more information, please visit: https://unrivaledbrands.com.

Caution Regarding Forward-Looking Statements

Certain statements contained in this communication regarding matters that are not historical facts, are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as PSLRA. These include statements regarding management’s intentions, plans, beliefs, expectations or forecasts for the future, and, accordingly, you are cautioned not to place undue reliance on them. No forward-looking statement can be guaranteed and actual results may differ materially from those projected. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. We use words such as “expects”, “believes”, “plans”, “expects”, “projects”, “future”, “intends”, “may”, “will”, ” should”, “could”, “estimates”, “predict”, “potential”, “continuing”, “guidance” and similar expressions to identify those forward-looking statements which are intended to be covered by the safe harbor provisions of the PSLRA. Such forward-looking statements are based on our expectations and involve risks and uncertainties; therefore, actual results may differ materially from those expressed or implied by the statements due to a number of factors.

New factors emerge from time to time and it is not possible for us to predict all of these factors, or to assess the impact of each of these factors on the business or the extent to which any one factor, or combination of factors , may cause actual results to differ materially from those contained in the forward-looking statements. These risks, as well as other risks associated with the combination, will be discussed in greater detail in our filings with the SEC. Additional risks and uncertainties are identified and discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the DRY. The forward-looking statements included in this release are based on information available to the Company as of the date of this release. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release.

Contact:

Jason Assad
LR Advisors LLC.
[email protected]
678-570-6791

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