Unrivaled Brands, Inc. (OTCQB: UNRV) entered into a binding term sheet to resolve outstanding litigation with People’s California, LLC, subject to final documentation. Upon execution of the binding term sheet, the parties agreed to inform the court of the settlement and request a stay of all pending litigation.
Sabas Carrillo, Unrivaled’s CEO stated, “The People’s California team built an outstanding asset and made the People’s First Choice dispensary in Santa Ana, California one of the best cannabis retail experiences in the nation. This settlement is a testament to what can be achieved by bringing people together who are motivated to find workable solutions to challenging problems. Importantly, it unlocks our ability to complete the …