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UCASU to expand with cannabis properties in New York State
UCASU to expand with cannabis properties in New York State
Atlanta, June 01, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today the company is aggressively seeking cannabis property opportunities in the state of New York, by partnering with licensed local growers, vendors and other cannabis license holders.
In the fourth quarter of 2021, UCASU rolled out a new business investment strategy highlighting interest in retaining cannabis properties to duplicate the success of other public companies, such as Power REIT (NYSE: PW). Initially, UC Asset was focused on the Midwest states such as Oklahoma and Colorado. "Having formed a viable pipeline for cannabis property deals in those Midwest states, our research and business intelligence has resulted in a pivot to focus heavily on New York State for more trendy opportunities of cannabis properties," says Greg Bankston, managing general partner of UC Asset.
New York State has legalized possession and consumption of cannabis for adults 21 and older more than one year ago, but it wasn't until this February, when the governor signed a law, which allowed the State to issue conditional licenses of cannabis cultivation. The first group of cannabis cultivation licenses were only issued to active hemp farmers, i.e., farmers who already held hemp cultivation licenses and were actively growing. The State has not started issuing retail "adult use" cannabis licenses and is expected to start the process in the coming months.
"For several months we have actively worked with a local hemp grower, which has just been issued its cannabis cultivation license last week," Bankston explains. "We are also working with local businesspeople who are eligible for retail cannabis licenses. Our ideal situation is partnering with these and other local businesses, to invest on both cultivation properties and retail properties in the State of New York. Particularly, we plan to invest on retail cannabis properties in the City of New York."
Overall, UC Asset plans to build a $50 million portfolio of cannabis properties, and its expansion into New York State will move the company one more step closer to its goal of growth.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit: .
Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
For More Information Contact:
Christal Jordan | Executive Director, UC Asset LP
cjordan@ucasset.com | 678-499-0297
Atlanta, June 01, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today the company is aggressively seeking cannabis property opportunities in the state of New York, by partnering with licensed local growers, vendors and other cannabis license holders.
亞特蘭大,2022年6月1日(Global Newswire)--UC Asset LP(場外交易市場代碼:UCASU)今天宣佈,該公司正通過與當地有執照的種植者、供應商和其他大麻許可證持有者合作,積極尋找在紐約州擁有大麻資產的機會。
In the fourth quarter of 2021, UCASU rolled out a new business investment strategy highlighting interest in retaining cannabis properties to duplicate the success of other public companies, such as Power REIT (NYSE: PW). Initially, UC Asset was focused on the Midwest states such as Oklahoma and Colorado. "Having formed a viable pipeline for cannabis property deals in those Midwest states, our research and business intelligence has resulted in a pivot to focus heavily on New York State for more trendy opportunities of cannabis properties," says Greg Bankston, managing general partner of UC Asset.
2021年第四季度,UCASU推出了一項新的商業投資戰略,強調有興趣保留大麻資產,以複製Power REIT(紐約證券交易所代碼:PW)等其他上市公司的成功。最初,UC Asset專注於俄克拉荷馬州和科羅拉多州等中西部州。UC Asset的管理普通合夥人格雷格·班克斯頓表示:“在這些中西部州形成了一條可行的大麻地產交易渠道後,我們的研究和商業情報導致我們將重點放在紐約州,以尋找更時尚的大麻地產機會。”
New York State has legalized possession and consumption of cannabis for adults 21 and older more than one year ago, but it wasn't until this February, when the governor signed a law, which allowed the State to issue conditional licenses of cannabis cultivation. The first group of cannabis cultivation licenses were only issued to active hemp farmers, i.e., farmers who already held hemp cultivation licenses and were actively growing. The State has not started issuing retail "adult use" cannabis licenses and is expected to start the process in the coming months.
紐約州在一年多前就已經將21歲及以上成年人擁有和消費大麻合法化,但直到今年2月,州長簽署了一項法律,允許該州發放有條件的大麻種植許可證。第一批大麻種植許可證只發放給活躍的大麻種植者,即已經持有大麻種植許可證並正在積極種植的農民。國家尚未開始發放零售“成人使用”大麻許可證,預計將在未來幾個月開始這一進程。
"For several months we have actively worked with a local hemp grower, which has just been issued its cannabis cultivation license last week," Bankston explains. "We are also working with local businesspeople who are eligible for retail cannabis licenses. Our ideal situation is partnering with these and other local businesses, to invest on both cultivation properties and retail properties in the State of New York. Particularly, we plan to invest on retail cannabis properties in the City of New York."
班克斯頓解釋説:“幾個月來,我們一直在積極地與當地一家大麻種植商合作,該公司上週剛剛獲得大麻種植許可證。”我們還與有資格獲得大麻零售牌照的當地商人合作。我們理想的情況是與這些和其他當地企業合作,投資於紐約州的種植物業和零售物業。特別是,我們計劃投資於紐約市的零售大麻物業。
Overall, UC Asset plans to build a $50 million portfolio of cannabis properties, and its expansion into New York State will move the company one more step closer to its goal of growth.
總體而言,UC Asset計劃建立一個價值5000萬美元的大麻資產組合,其在紐約州的擴張將使公司距離增長目標又近了一步。
About UC Asset LP
關於UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit: .
UC Asset LP是一家有限合夥企業,旨在以創新戰略投資房地產,集中在佐治亞州亞特蘭大的大都市地區。有關UC Asset的更多信息,請訪問:。
Disclaimer:
免責聲明:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
本新聞稿包含符合1995年私人證券訴訟改革法的前瞻性陳述。這些前瞻性陳述涉及已知和未知的風險、不確定性和其他重要因素,這些風險、不確定性和其他重要因素可能導致我們的實際結果、業績或成就或行業結果與這些陳述大相徑庭。告誡您不要過度依賴任何這些前瞻性陳述。除非聯邦證券法另有要求,否則我們沒有義務在本新聞稿發佈之日後公開更新或修改任何前瞻性陳述。任何此類前瞻性陳述都不應被我們或任何其他人視為本新聞稿中規定的目標和計劃將會實現或執行的陳述。
For More Information Contact:
有關更多信息,請聯繫:
Christal Jordan | Executive Director, UC Asset LP
克里斯托·喬丹|加州大學資產有限責任公司高管董事
cjordan@ucasset.com | 678-499-0297
郵箱:cjordan@ucasset.com|678-499-0297
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風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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