Blog: UNRIVALED BRANDS, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 12, 2022, the Board of Directors of Unrivaled Brands, Inc. (the
“Company”) appointed Ms. Patty Chan, age 35, as the Company’s Interim Chief
Financial Officer and as the Company’s Principal Financial Officer. Ms. Chan
has over 14 years of accounting, financial reporting, compliance, and
operational experience across the cannabis, real estate, and financial services
industries. Before entering the cannabis and CBD industries, she accrued nearly
10 years of experience managing forensic accounting engagements for business
litigation, supervising and conducting fraud investigations, and preparing
forensic analysis of complex financial transactions. She previously served as
Chief Financial Officer for Upexi Inc. f/k/a Grove Inc. (UPXI:NASDAQ CM) a
manufacturing, distribution, wholesale and retail company in the CBD industry
from June 2016 until June 2020. Ms. Chan received a B.A. in Economics with a
minor in accounting and political science from the University of California, Los
Angeles and is a Certified Public Accountant in the state of California.

Ms. Chan currently serves as a Manager at Adnant, LLC (“Adnant”), a position she
has held since February 2021. Adnant is an accounting and consulting firm
advising cannabis companies on technical and operational accounting, strategic
transactions, and the public offering process. As previously disclosed, the
Company engaged Adnant to provide executive level consulting and related
business support and services related to the Company’s present and future
challenges and opportunities. The Company’s Interim Chief Executive Officer and
its Interim Chief Legal Officer also serve in roles at Adnant. At Adnant, Ms.
Chan focuses on advising hypergrowth clients on their operations and audit
preparation as well as managing the accounting and reporting for cannabis
investment funds. She has also implemented financial controls and infrastructure
for cannabis clients in various stages of their business development.

Upon the appointment of Ms. Chan, Mr. Jeffrey Batliner will step down from the
Chief Financial Officer role but will continue to work with the Company in other
capacities.

Except as described above, there is no arrangement or understanding between Ms.
Chan and any other person pursuant to which she was selected as an officer of
the Company and there are no family relationships between Ms. Chan and any of
the Company’s directors or executive officers. There are no transactions to
which the Company is a party and in which Ms. Chan has a direct or indirect
material interest that would be required to be disclosed under Item 404(a) of
Regulation S-K.

Item 7.01 Regulation FD Disclosure.

On September 12, 2022, the Company issued a press release announcing the
appointment of Ms. Chan as Interim Chief Financial Officer. A copy of the press
release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in this Item 7.01, and in Exhibit 99.1, referenced
herein is being furnished and shall not be deemed to be “filed” for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of that section, nor shall it be deemed incorporated
by reference in any registration statement or other filing under the Securities
Act of 1933, as amended, unless the Company expressly so incorporates such
information by reference.



Safe Harbor Statement


Information provided in this Current Report on Form 8-K may contain statements
relating to current expectations, estimates, forecasts and projections about
future events that are “forward-looking statements” as defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
generally relate to the Company’s plans, objectives and expectations for future
operations and are based upon management’s current estimates and projections of
future results or trends. Actual future results may differ materially from those
projected as a result of certain risks and uncertainties. For a discussion of
such risks and uncertainties, see “Risk Factors” as described in the Company’s
Annual Report on Form 10-K filed with the U.S. Securities and Exchange
Commission on April 15, 2022 and other reports on file with the U.S. Securities
and Exchange Commission.

Item 9.01 Financial Statements and Exhibits.



         (d) Exhibits.



  99.1       Press Release.
104        Cover Page Interactive Data File (embedded within the Inline XBRL Document)





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