Blüm Holdings has divested Unrivaled Brands' final California cultivation facility.
Sabas Carrillo, Chief Executive Officer of Blüm Holdings, commented on the decision, "As we navigate the dynamic cannabis landscape, our strategic focus must be on sustained growth, cash generation, and profitability. The divestiture of our final California cultivation facility positions the Company to concentrate on the cannabis retail market and on our leading cannabis brands, where we believe we have stronger opportunities for revenue generation and market leadership."
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