Unrivaled Brands Sells Inoperative Property For $13.4M In Effort To Become Cash Flow Positive

company Unrivaled Brands, Inc. (OTCQX: UNRV) confirmed Monday it will sell its real property and building located on Dyer Road in Santa Ana, for $13.4 million. The sale is expected to close in January 2022, and the company will retire $9.0 million of outstanding debt on the property.

“By selling the Dyer Property and eliminating the expenses associated with the property, we are another step closer to positive cash flow,” Unrivaled’s CEO Frank Knuettel II stated. “We believe that focusing our time and capital on brands or other currently operating assets will result in a higher …

Full story available on Benzinga.com

More Unrivaled Brands Sells Inoperative Property For $13.4M In Effort To Become Cash Flow Positive