‘No Choice:’ Elon Musk Reacts As X User Reveals ‘Main Reason’ Why The Billionaire Is ‘Re-Organizing’ Tesla
Musk compared a company to an organism, stating that it needs to be reorganized for different growth phases to avoid failure.
California Cannabis Co. Blum Reports $33M In 2023 Revenue After Wrapping Up Restructuring
Unrivaled Brands, Inc. has released unaudited financial results for its fiscal year and quarter ended December 31, 2023. The company reported revenue of $33 million from continuing operations for fiscal year 2023. In 2023, the company underwent a restructuring and strategic reorganization, culminating in the formation of a new holding company, Blum Holdings, Inc. The process was completed in early January, along with a reverse stock split of its common stock. The company reported that quarter-over-quarter retail revenue remained consistent with the previous quarter, decreasing slightly from $8.4 million to $8 million. The gross profit margin for the quarter was 53%. Total transactions in 2023 increased by 5% compared to the previous year. The CEO of Blum Holdings, Sabas Carrillo, stated that the company is focused on strategic growth initiatives, retail opportunities, margin growth through in-house brands, debt reduction, and operational efficiency in 2024.
Will FTX Re-Start Operations After Exiting Bankruptcy? Creditors To Vote On Proposal
In its final move to end the bankruptcy case, FTX has taken a step forward to launch a yet-to-be-approved proposal for returning money to creditors.
Crypto Lender Celsius Gets Fresh Start After $4.7B Bankruptcy, CEL Token Up 27%
Crypto lender Celsius (CRYPTO: CEL) saw its CEL token trade 27% higher, taking its seven-day trading gain to 39%, on the heels of a dramatic bankruptcy case.
Microsoft Xbox Division’s Major Restructuring: What You Need To Know
Microsoft Corp (NASDAQ: MSFT) is undergoing a significant reorganization within its Xbox gaming and marketing leadership, following its recent acq