Sabas Carrillo has been appointed as the CEO of Unrivaled Brands. Concurrently, the Company also announced the appointment of its Chief Operating Officer, James Miller, as a director on the Board.
“Jim brings a wealth of financial acumen and diverse operational expertise from his roles in the entertainment, technology, e-commerce, and cannabis sectors. His track record, including senior positions at Walt Disney Company, Viacom, 3PL Central LLC, and MedMen Enterprises Inc., where his responsibilities spanned financial reporting, internal controls, and operational departments from inception, initial public offering, and subsequent growth stages, will be pivotal to our ongoing restructuring plan,” stated Unrivaled’s CEO, Sabas Carrillo.
Sabas concluded with the following, “We will continue to build a Board that is composed of a dynamic group of leaders with a deep understanding of current market trends and cannabis industry complexities. Our team, the backbone of this organization, has risen to every challenge. I have immense gratitude for their resilience and dedication and am humbly proud of what we have accomplished together.”
Despite meaningful progress, significant risk factors previously disclosed in public disclosures, including remaining litigation, completing settlement documents related to stayed litigation, substantial debt still outstanding, and unfavorable market and regulatory conditions remain, any of which have the potential to derail our progress.
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