SUBSEQUENT EVENTS (Details Narrative) - USD ($) |
1 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Aug. 15, 2021 |
Aug. 10, 2021 |
Aug. 04, 2021 |
Jul. 13, 2021 |
Jul. 08, 2021 |
Jul. 27, 2021 |
Jan. 22, 2021 |
|
Price per share | $ 0.01 | ||||||
Subsequent Event [Member] | |||||||
Description of acquired entity | the Company changed its name from “Terra Tech Corp” to “Unrivaled Brands, Inc.” in connection with the name change, the ticker symbol for the Company’s common stock was officially changed from “TRTC” to “UNRV” | ||||||
Subsequent Event [Member] | Purchase Agreement | |||||||
Equity ownership, percentage | 100% | ||||||
Subsequent Event [Member] | Note Termination and Exchange Agreement [Member] | Arthur Chan [Member] | |||||||
Interest rate | 8% | ||||||
Sahres issued | 4,548,006 | ||||||
Share price | $ 0.23 | ||||||
Principal amount | $ 1,000,000.00 | ||||||
Subsequent Event [Member] | Stock Purchase Agreement [Member] | 1815 Carnegie [Member] | |||||||
Aggregate consideration | $ 1,700,000 | ||||||
Subsequent Event [Member] | Stock Purchase Agreement [Member] | Harlan and Matthew [Member] | |||||||
Description of first amendment | 1) in consideration for the Shares, at the closing of the transactions contemplated by the SPA, the Company will pay the Sellers on a pro rata basis a total of $8.50 million (the “Purchase Price”). The Purchase Price is comprised of (i) $1.50 million in cash, (ii) a number of shares of restricted common stock, par value $0.001 per share, of the Company (the “Purchaser Shares”), equal to the quotient obtained by dividing (a) $2.50 million, by (b) the volume-weighted average price of the Purchaser Shares as reported through Bloomberg for the ten (10) consecutive trading days ending on the business day prior to the Closing, (iii) a $2.00 million unsecured promissory note with an interest rate of 3% and due six months after the Closing (the “Six-Month Note”), and (iv) a $2.50 million unsecured promissory note with an interest rate of 3% and due twelve months after the Closing (the “Twelve-Month Note”), and 2) the Company will pay all reasonable and documented out-of-pocket costs and expenses incurred by Silverstreak in connection with the preparation of the audited financial statements of Silverstreak for the fiscal year ended December 31, 2020 (the “Audit Costs”); provided, however, that the Sellers will reimburse the Company for all Audit Costs if the Closing does not occur under certain circumstances. | ||||||
Acquisition [Member] | Subsequent Event [Member] | |||||||
Secured note, principal amount | $ 36,000,000 | ||||||
Common shares issued, shares | 40,000,000 | ||||||
Price per share | $ 0.40 | ||||||
Loan payable | $ 6,000,000 | ||||||
Interest rate | 3% | ||||||
Maturity date pf note | August 4, 2022 | ||||||
Cash payment for business acquisition | $ 24,000,000 | ||||||
First Acquisition [Mmeber] | Subsequent Event [Member] | Purchase Agreement | |||||||
Equity ownership, percentage | 80% | ||||||
Second Acquisition [Member] | Subsequent Event [Member] | Purchase Agreement | |||||||
Equity ownership, percentage | 20% |