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Posted 04 January, 2023

Unrivaled Brands, Inc. appointed Sabas Carrillo as new CEO

OTC:UNRV appointed new Chief Executive Officer Sabas Carrillo in a 8-K filed on 04 January, 2023.


  On December 23, 2022, the Company's board of directors (the "Board") appointed Sabas Carrillo as the Company's Chief Executive Officer.  

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Overview of Unrivaled Brands, Inc.
Agriculture • Farming
Unrivaled Brands, Inc. is a holding company, which engages in the retail, cultivation, and production of medical cannabis and agricultural products. It operates through the Cannabis Retail, and Cannabis Cultivation and Distribution segments. The Cannabis Retail segment includes cannabis-focused retail, both physical stores and non-store front delivery. The Cannabis Cultivation and Distribution segment includes cannabis cultivation, production, and distribution operations. The company was founded on July 22, 2008 and is headquartered in Santa Ana, CA.
Market Cap
N/A
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Unrivaled Brands, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Officer Appointments


Chief Executive Officer


On December 23, 2022, the Company's board of directors (the "Board") appointed Sabas Carrillo as the Company's Chief Executive Officer. Mr. Carrillo had previously served as the Company's Interim Chief Executive Officer since August 12, 2022. Mr. Carrillo will continue to serve as the Company's Principal Executive Officer.


Other information regarding Mr. Carrillo, including his biographical information and other affiliations with the Company, is included in the Company's Current Reports on Form 8-K filed with the SEC on August 12, 2022 and August 16, 2022, and is hereby incorporated by reference herein


The Company has not proposed a final Employment Agreement with Mr. Carrillo and the Company intends to continue to discuss the specific terms of Mr. Carrillo's employment to be finalized in a future Employment Agreement.


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Chief Operating Officer 


On December 23, 2022, the Board appointed James Miller as the Company's Chief Operating Officer. Mr. Miller most recently served as Chief Financial Officer of Operators Only, Inc., a cannabis operations service provider supporting Cookies-branded retail and cultivation licensees, from January 2022 to October 2022. Mr. Miller was Corporate Controller at 3PL Central LLC, a private equity owned eCommerce WMS provider, from February 2020 until December 2021. Previously, Mr. Miller served as interim Chief Financial Officer and was the Vice President of Accounting at MedMen Enterprises Inc. ("MedMen"), a cannabis MSO and cultivation company, from January 2018 until December 2019, where he was responsible for financial reporting, financial controls and various operating departments through its formation, initial public offering and subsequent growth stage. He was also Chief Financial Officer of MedMen's affiliated Treehouse Real Estate Investment Trust from December 2018 until October 2019. Mr. Miller has held several senior executive and finance roles at leading entertainment firms such as the Walt Disney Company and Viacom as well as various technology and e-commerce companies. Mr. Miller received a Bachelor of Arts degree in Economics from University of California at Los Angeles, and is a CPA (license inactive), in California.


The Company has not proposed a final Employment Agreement with Mr. Miller and the Company intends to continue to discuss the specific terms of Mr. Miller's employment to be finalized in a future Employment Agreement. Currently Mr. Miller is on the Company's payroll for an annual salary of $205,000 and his stock compensation will be determined at a later date.


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


Director Appointment


On December 23, 2022, the Board appointed Mr. Carrillo, as a member of the Board.


Other information regarding Mr. Carrillo, including his biographical information and other affiliations with the Company, is included in the Company's Current Reports on Form 8-K filed with the SEC on August 12, 2022 and August 16, 2022, and is hereby incorporated by reference herein.


Other than as set forth in this Current Report and the Company's other filings with the SEC, there is no arrangement or understanding between Mr. Carrillo and any other person pursuant to which he was selected as a director of the Company, and there are no family relationships between Mr. Carrillo and any of the Company's directors or executive officers. Other than as set forth in this Current Report and the Company's other filings with the SEC, there are no transactions to which the Company is a party and in which Mr. Carrillo has a direct or indirect material interest that would be required to be disclosed under Item 404(a) of Regulation S-K.


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