Unrivaled Brands Inc (OTCMKTS:UNRV) Stock Extends Rally On Board Transitions

If you are currently on the lookout for cannabis companies then it could be a good time to start tracking Unrivaled Brands Inc (OTCMKTS:UNRV). The company operates throughout the Californian market.

Trading Data

On Monday, UNRV stock gained 7.14% to $0.0195 with 357.35K shares, compared to its average volume 405.99K shares. The stock moved within a range of $0.0180 – 0.0195 after opening trade at $0.0181.

Unrivaled Brands Announces Board Transitions

Yesterday, it came into the news cycle after it announced that two of its members of the board of directors, Eric Baum and Nicholas Kovacevich would resign from the board. Their resignation would become effective on July 1, 2023. The company noted that the departures of the two members of the board were a move to usher in a planned and orderly transition in the leadership of the company. It would also work as the main element of the wider corporate and leadership restructuring that the company is looking for.

The two directors had informed the company formally with regards to their resignation on May 18, 2023. The resignations had not come about due to any dispute or disagreement about any aspect of the company. In order to preserve continuity and transition smoothly, the company was in the process of selecting new members for its board of directors and those directors would be appointed by the tie the resignations become effective.