Unrivaled Brands Inc (OTCQX:UNRV) said it has successfully opposed an ex parte application by People’s California LLC to shorten the time to hear its application for writ of possession.
In a statement, Unrivaled said that the provisional relief sought by People’s California was related to the same action in which Unrivaled filed a cross-complaint on September 20, 2022, against Frank Kavanaugh, Jay Yadon, Bernard Steimman, and their company People’s California for fraud and negligent misrepresentation related to the sale of the dispensary People’s First Choice and other assets to Unrivaled in November 2021.
Unrivaled said People’s California filed its application for a writ of possession on December 7, 2022, and two days later, People’s California sought, on an emergency basis, to advance the hearing for its writ of possession from May 8, 2023, to December 19, 2022.
READ: Unrivaled Brands sues People’s California managing directors for alleged fraud related to cannabis dispensary deal
Unrivaled said it argued in its opposition that People’s California’s urgency is manufactured and that its demonstrated track record of litigation by ex parte should not be rewarded.
The court ruled that the hearing date for the writ of possession be advanced only to March 6, 2023, apparently rejecting People’s California’s claim that it was entitled to immediate relief, Unrivaled said.
The company noted that People’s California had unsuccessfully sought ex parte relief from the court on two prior occasions.
Unrivaled’s interim CEO Sabas Carrillo said: “Our shareholders deserve a team that will stand up and fight for them. Unrivaled will continue to aggressively defend Unrivaled’s shareholders from fraud and costly litigation.”
Unrivaled Brands is a multi-state vertically integrated company focused on the cannabis sector with operations in California and Oregon.
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