Cannabis Company Unrivaled Eyes More U.S. Expansion After Merger

July 8, 2021, 12:00 PM

Unrivaled Brands Inc., the California-based cannabis company formed by a recent merger, sees “considerable expansion opportunity” in the U.S. West, its top executive said.

The company, created in a deal between Terra Tech Corp. and Umbrla Inc., now operates in California, Nevada and Oregon. Unrivaled estimates it will have revenue of more than $70 million in 2021 and have positive cash flow in the fourth quarter, according to a statement from the company announcing the close of the deal.

“We are continuing to look to expand our footprint,” Chief Executive Officer Frank Knuettel II said in an email ...

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