Unrivaled Brands, Inc. (OTCQX: UNRV) Q3 2022 revenue was $10.76 million, a decrease of 46% compared to revenue of $20.05 million in the Q3 2021.
Q3 2022 Highlights
Gross loss from continuing operations was $64,000, a decrease of 119.5% compared to a gross profit of $328,000 in Q3 2021.
Net loss was $119.9 million compared to net loss of $5.46 million in Q3 2021.
The merger with UMBRLA and the acquisitions of People's First Choice and SilverStreak Solutions in 2021 led to more operations with additional facilities, employees, and costs to support them. Selling, general and administrative expenses were $13.24 million, compared to $12.03 million in …