Unrivaled Brands, Inc. (OTCQX: UNRV) filed a cross-complaint on September 20, 2022 against Frank Kavanaugh, Jay Yadon, Bernard Steimman, and their company, People’s California, LLC for fraud and negligent misrepresentation related to the sale of the dispensary People’s First Choice and other assets to Unrivaled in November 2021. A cross-complaint is an independent action brought by a party against a co-party, the original plaintiff, or someone who is not yet a party to the lawsuit.
People’s California lists Fort Ashford Funds, BRP Ventures, and People’s, LLC as Managers/Members on filings with the California Secretary of State. Fort Ashford Funds is a privately held investment firm that lists Frank Kavanaugh, Susan Kavanaugh, and Andrew Krajacic as managing directors on its website. BRP Ventures is a consulting firm listing John Yadon as a manager/member.
