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Unified Global Corp (CHYL) announced its intent to acquire 41 cannabis retail locations in Oregon and Alberta, generating over $44M in revenue. This move aims to consolidate its presence in mature cannabis markets, as the company builds a robust acquisition pipeline exceeding $200M in revenue. Unified's founder, Paul Lufkin, highlighted the strong interest from independent operators seeking to join a larger organization. The company aspires to become a vertically integrated cannabis operator in North America, backed by a team with over 100 years of collective experience in the industry.
Unified Global Corp (CHYL) has successfully closed its Series 1 of Convertible Notes, raising $1.5 million as part of a $50 million financing plan aimed at Family Offices and High Net Worth individuals. This funding supports Unified's strategy to consolidate smaller EBITDA positive cannabis operators. The Series 2 Offering of Preferred Shares has also been introduced, offering a 12% dividend and 20% warrant coverage. The financing was backed by Vertical Freedom Management Fund, highlighting investor confidence in Unified's growth strategy.
Unified Global Corp (CHYL) announced a non-binding letter of intent to acquire Be Wonderful Wellness, a craft cannabis operator in Portland, Oregon, valued at approximately $2.4 million. This acquisition is a crucial step in UGC's strategy to become a vertically integrated cannabis operator across Canada and the U.S. The deal involves two closings: the acquisition of real estate and intellectual property, followed by regulatory approval for licenses. UGC aims to capitalize on the growth potential in the cannabis sector, enhancing its operational capabilities.
Unified Global Corp (OTC PINK:CHYL) announced a Letter of Intent to acquire its first cannabis retail dispensaries in Alberta, specifically Canmore Cannabis Company and Cochrane Cannabis Company. These dispensaries are viewed positively due to their strong cash flow and community engagement. The acquisition aims to support sales growth, profit margins, and increase product offerings. The deal awaits regulatory approval from Alberta's cannabis regulator. Unified Global plans to become a vertically integrated cannabis operator across Canada and the U.S.
Unified Global Corp has announced the acquisition of a controlling interest in its publicly traded company, CHYL. The leadership team features seasoned professionals with extensive cannabis industry experience. Key figures include CEO Charles Hawley, who previously enabled low-cost quality cannabis production, and CFO Edwin Bartlett, who successfully turned around a cannabis business. Unified Global aims to consolidate operations in both U.S. and Canadian markets, positioning itself as a MultiState Operator. The company focuses on optimizing supply chains and retail segments.
Unified Global Corp., formerly known as China Senior Living Industry International Holding Corporation (OTC PINK:CHYL), has officially changed its name and is seeking a new trading symbol. The company aims to consolidate cannabis operations by acquiring licensed, EBITDA-positive companies in Colorado, Oregon, and Alberta, Canada. President SJ Eldred expressed enthusiasm about proceeding with their business plan, highlighting optimism from preliminary discussions with potential acquisition targets. Unified Global aims to become a vertically integrated MultiState Operator in the cannabis industry.
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