Blum Holdings, a leading cannabis company operating throughout California, is pleased to announce two significant legal victories achieved by its wholly owned subsidiary, Unrivaled Brands. Unrivaled successfully defended against an ex parte application brought by People’s California, with the Court denying People’s request for a multi-million dollar judgment against Unrivaled. Additionally, the Court granted Unrivaled’s application for a preliminary injunction, preventing People’s from attempting to foreclose on a building owned by an affiliated entity and invalidating a prior foreclosure attempt by People’s.
These legal victories mark the latest in a series of successes for Unrivaled against People’s California over the past two years. Since Sabas Carrillo took over as CEO, Unrivaled has consistently prevailed in legal disputes with People’s.
The recent legal triumphs come after the sale of Blum Santa Ana, a cannabis retail dispensary, pursuant to a Binding Settlement Term Sheet dated March 6, 2023. This settlement aimed to resolve all ongoing disputes between the parties, including fraud claims brought by Unrivaled against individuals associated with People’s, namely Frank Kavanaugh, Jay Yadon, and Bernard Steimann.
Blum Holdings publicly distanced itself from the People’s brand and products earlier this year following child molestation allegations against Bernard Steimann, the Managing Member of People’s California. The company remains committed to maintaining a strong reputation and ensuring the highest standards of integrity within the cannabis industry.
Unrivaled was represented by Roger Scott of Buchalter law firm and intends to continue defending itself against any future actions brought by People’s California. People’s, on the other hand, is represented by Michael Caspino of Forward Counsel LLP and Deron Colby of Janus Capital Law Group.
Blum Holdings, through its subsidiaries, operates leading dispensaries across California and owns several prominent brands, including Korova. Known for its high potency products, Korova offers a range of cannabis products, including the renowned 1000 mg THC Black Bar.
Blum Holdings remains dedicated to shaping the future of the cannabis industry through its commitment to quality, innovation, and exceptional customer service. For more information about the company and its operations, please visit the official website at https://blumholdings.com/.