Unrivaled Brands Inc (OTCMKTS:UNRV) Inks Debt Settlement Term Sheet Sinking Debt by $3.25M
If you are currently looking into cannabis companies then it could be a good move to take a look into Unrivaled Brands Inc (OTCMKTS:UNRV), which is a cannabis company that operates throughout the lucrative California market.
Unrivaled Brands Enters Into Binding Debt Settlement Term Sheet Reducing Debt by $3.25M
The company was in focus yesterday after it announced that it inked a binding settlement term sheet with regards to indebtedness to the tune of as much as $3,250,000 to some of the noteholders of the company. It was back in 2021 that Unrivaled Brands issued as many as four promissory notes for a total amount of $4,500,000. Recently, the note holders and the company mutually agreed to cut down the total amount of interest and amount of principal owed to $1,250,000.
The amount would be paid over the course of a period of 60 months and would bear an interest rate of 10% per annum. The Chief Executive Officer of the company Sabas Carrillo spoke about it as well. He thanked the company’s creditors and partners for working together for the purpose of restructuring the debt. More details with regards to the agreement between the parties could be found on the 8-K that had been filed yesterday.
Wow, wonderful blog layout! How lengthy have you been running a blog for?
you make blogging glance easy. The total look
of your site is excellent, let alone the content! You can see similar here e-commerce
Hi there! Do you know if they make any plugins to help with SEO?
I’m trying to get my site to rank for some targeted
keywords but I’m not seeing very good results. If you know of any please share.
Many thanks! You can read similar article here: GSA List
Wow, superb weblog structure! How long have you ever been blogging for?
you made blogging glance easy. The total glance of your site is great, as smartly as the content!
You can see similar here najlepszy sklep
Wow, amazing weblog layout! How lengthy have you been blogging for?
you make running a blog look easy. The entire glance of your site is
fantastic, let alone the content! You can see similar here sklep