UCASU to Partner with Seasoned Cannabis Growers for $50 Million Cannabis Portfolio
ATLANTA — UC Asset LP (OTCQX: UCASU) announces the company is launching a program to form investor-grower partnerships with seasoned cannabis growers, who are licensed in their own states to grow hemp, medical cannabis or recreational cannabis plants, to work on UC Asset’s cannabis portfolio properties that are expected to expand to $50 million. “Since we started our cannabis investment strategy in the fourth quarter of last year, we have signed three LOIs to invest in several cannabis properties in different states, for a total investment of $2.2 million,” says Greg Bankston, managing general partner of UC Asset. “And we have identified more potential opportunities allowing us to build a portfolio of $5 to 10 million quickly, and up to $50 million or even more over a reasonably period, provided that we have adequate capital formation.” With the potential of fast expansion of its cannabis property portfolio, UC Asset is in demand of reliable partnerships with seasoned growers in dif...