Unrivaled Brands Announces Non-Binding Letters of Intent For a Significant Acquisition and Provides Stockholder Update - Seite 2

The Company is pleased to announce the execution of the non-binding Letters of Intent, which would involve the acquisition of a collection of California-based assets that the Company believes could generate between $60,000,000 and $80,000,000 in total combined revenue annually post Roll-Up, based on current run rates of the Operators and the Company.

The Company is conducting a diligence review of each Operator, which the Company expects will assist in determining the Operators that will enter into definitive agreements for the Proposed Transaction as well as provide information on the economics and amount of consideration to be paid for the assets.

Each of the parties’ obligations to close the Proposed Transaction will be subject to customary conditions and any other conditions agreed to by the parties to be included in the definitive agreements for the Proposed Transaction, including but not limited to the receipt of all necessary approvals and consents required by each party to complete the Proposed Transaction.

No assurances can be made that the Company will successfully negotiate and enter into definitive agreements for the Proposed Transaction or that the Company will be successful in completing the Proposed Transaction.

Key Highlights of the Proposed Transaction:

If the Proposed Transaction is completed as currently contemplated, Unrivaled Brands may be positioned to capitalize on the following:

• Talent Acquisition: The Proposed Transaction would add a group of successful, highly experienced cannabis retail, cultivation, and distribution entrepreneurs to the Company’s team. Many of these entrepreneurs have been in the cannabis industry for 10+ years.
  
  
• Asset Enhancement: Acquisitions of assets that complement and bolster Unrivaled's current offerings. The Proposed Transaction may also add key branded assets to the Company’s portfolio and may serve as a model for future expansion.
  
  
• Geographic Expansion: The Proposed Transaction expands and connects the Company's footprint statewide, opening up fresh avenues and synergies in previously untapped markets.
  
  
• Synergistic Integration: The new assets are anticipated to seamlessly integrate with Unrivaled’s existing operations driving operational efficiencies and improved profitability.
  
  
• Enhanced Stakeholder Value: Acquisitions underline Unrivaled's commitment to delivering continuous and augmented value to its stockholders and employees.