Blum Holdings subsidiary Unrivaled wins court battle; injunction bars foreclosure by People's California

BLUM HOLDINGS, INC.

Court denied People's ex parte application for a multi-million dollar judgment against Unrivaled.
Court granted preliminary injunction barring People's from foreclosing on an affiliated building; prior foreclosure attempt invalidated.
Victories follow earlier Temporary Restraining Order; part of string of wins since CEO Sabas Carrillo took over.
Litigation stems from 2023 settlement that was intended to resolve disputes including fraud claims against People's members.

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