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Benzinga
Benzinga
Business
Nina Zdinjak

Unrivaled Brands Sells Dyer Property For $13.4M Retiring $9.0M Debt

Unrivaled Santa Ana California

Unrivaled Brands, Inc. (OTCQX:UNRV) announced the successful closing of the sale of the company’s non-operating real property and building located on Dyer Road in Santa Ana, California for $13.4 million.

The sale results in the company retiring $9.0 million of outstanding debt on the property. Unrivaled Brands is continuing to evaluate its options with respect to the license originally connected to the Dyer property, including consideration of the retail density in the area. If the city of Santa Ana grants approval to relocate licenses elsewhere in the city, the company may consider using the dispensary license to open a dispensary in an underserved part of Santa Ana.

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