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Unrivaled Brands And People's California Reach Settlement Terms To Terminate All Pending Litigation

Unrivaled Brands And People's California Reach Settlement Terms To Terminate All Pending Litigation

無與倫比的品牌和人民加州達成和解條款終止所有待訴訟
Benzinga ·  2023/03/10 22:06

Unrivaled Brands, Inc. (OTCQB:UNRV) entered into a binding term sheet to resolve outstanding litigation with People's California, LLC, subject to final documentation. Upon execution of the binding term sheet, the parties agreed to inform the court of the settlement and request a stay of all pending litigation.

無與倫比的品牌公司 (OTCQ: 不列印) 輸入一個綁定術語表 解決與人民加州有限責任公司未處理的訴訟,受最終文件約束。在具有約束力的條款表的執行,雙方同意通知法院和解,並要求所有待處理的訴訟中止。

Sabas Carrillo, Unrivaled's CEO stated, "The People's California team built an outstanding asset and made the People's First Choice dispensary in Santa Ana, California one of the best cannabis retail experiences in the nation. This settlement is a testament to what can be achieved by bringing people together who are motivated to find workable solutions to challenging problems. Importantly, it unlocks our ability to complete the development of additional cannabis retail stores in Riverside, CA and Costa Mesa, CA. We are thrilled to put this months-long legal battle behind us."

萨巴斯·卡里略無與倫比的首席執行官表示:「加州人民團隊建立了卓越的資產,並使加利福尼亞州聖安娜的人民首選藥房成為全美最好的大麻零售體驗之一。這種解決方案證明了通過將有動力尋找可行解決問題的可行解決方案的人們聚集在一起,可以實現什麼。重要的是,它釋放了我們在加利福尼亞州河濱和加利福尼亞州科斯塔梅薩完成其他大麻零售商店的開發能力。我們很高興能夠將這場長達數月的法律戰爭放在我們身後。」

Robert Baca, Unrivaled's interim chief legal officer, expressed gratitude, stating "By putting this dispute behind us, we can all move forward and focus on growing our respective businesses. This is another significant step in the restructuring of Unrivaled. With the completion of this settlement, our team of legal advisors continue to prove to be exceptional and we would not have gotten to an amicable result without their efforts. The hard work and reliable counsel of Roger Scott and his team at Buchalter, including Mark Cramer, Susan White and Ali Montes, have been instrumental in navigating both the litigation and the settlement negotiation. The dedication of our securities counsel, including Randolf Katz at Clark Hill, Faith Charles, Naveen Pogula and Ben Russell at Thompson Hine, has been remarkable. We are grateful for the unwavering support and commitment by so many folks that have contributed to achieving a positive result from challenging circumstances."

罗伯特·巴卡無與倫比的臨時首席法律官表示感謝,說:「通過將這一爭端放在我們身後,我們都可以前進並專注於發展各自的業務。這是「無與倫比」重組中的另一個重要步驟。隨著這個和解的完成,我們的法律顧問團隊繼續證明是非常出色的,如果沒有他們的努力,我們不會得到友好的結果。的辛勤工作和可靠的忠告 罗杰·斯科 以及他在布查爾特的團隊,包括 馬克·克萊默,蘇珊·懷特和阿里·蒙特斯, 已經導航兩個訴訟和解談判的工作.我們的證券顧問的奉獻精神,包括 兰道夫·卡茨 在克拉克山, 信仰查爾斯,納文·波古拉和本·羅素 在湯普森海因, 一直顯著.我們非常感謝許多人的堅定支持和承諾,這些人為在充滿挑戰的環境中取得積極成果做出了貢獻。」

Benzinga's Cannabis Capital Conference Is Back

本辛加的大麻資本會議又回來了

The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don't miss out. Secure your tickets now. Prices will surge very soon.

世界上最成功的大麻商業活動 Beninga 大麻資本會議將返回邁阿密參加第 16 版。這是交易完成的地方,在那裡籌集資金,併購開始,公司會見投資者和主要合作夥伴。加入我們在佛羅里達州楓丹白露邁阿密海灘酒店 4 月 11 日至 12 日。不要錯過。立即保護您的門票。價格很快就會激增。

Photo: Benzinga edit with photo by Matthias Zomer on Pexels and squarefrog on Pixabay

照片:使用馬蒂亞斯·佐默在 Pexels 和方形蛙在 Pixabay 上編輯照片

譯文內容由第三人軟體翻譯。


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