Letters of Intent Signed By 41 Retail Locations to Join Unified Global
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.
- Acquisition of 41 cannabis retail locations expected to generate over $44M in revenue.
- Total acquisition pipeline now exceeds $200M in revenue.
- Strong interest from independent operators to join Unified, indicating market confidence.
- Dependence on regulatory approvals for acquisitions could delay or hinder progress.
- Inherent risks in the cannabis industry due to federal illegality in the U.S. may affect operations.
DENVER, CO and CALGARY, AB / ACCESSWIRE / February 7, 2022 / Unified Global Corp ("UGC") (OTC PINK:CHYL) today announced that, with its affiliates, have signed letters of intent to acquire up to 41 separate cannabis retail locations located in Oregon and Alberta, Canada from eight independent operators. These locations currently generate over US
The Company is focused on Colorado, Oregon, and Alberta, Canada as its three principal mature cannabis markets where it is consolidating cannabis companies. With these proposed acquisitions the Company has over
"As the cannabis industry continues to consolidate, Unified has had a tremendous response from the independent cannabis operators looking to join our collective and monetize their hard efforts as well as being part of a larger organization to support them." stated Paul Lufkin, Unified's founder.
Unified Global has a team of industry veterans with a combined 100+ years of cannabis experience utilizing their unique skillsets to bring cannabis operators under the Unified umbrella in a scalable public company.
About Unified Global Corp.
Unified Global Corp. intends to become a vertically integrated Canadian/American MultiState Operator (Can-Am MSO) by consolidating cannabis operations in three markets from two countries. The Company's management is an experienced team with significant cannabis operating expertise.
FOR FURTHER INFORMATION PLEASE CONTACT:
UNIFIED GLOBAL CORP.
media@unifiedglobalcorp.com
(888) 881-6572ext. 200
www.unifiedglobalcorp.com
Cautionary Statements
This press release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. The forward-looking information contained in this press release includes, without limitation, the Company's intention to acquire the Canmore Cannabis Company and the Cochrane Cannabis Company, strategic plans for Unified Global generally, the growth rate, size or nature of the cannabis market, the success of the cannabis retailers which Unified Global acquires or in which it intends to invest, Unified Global's business plans, Unified Global's business strategy and investment plans, and Unified Global's ability to grow and become a vertically integrated cannabis company. There is no assurance that the transactions described herein will occur on the expected timeline, in the manner described or at all.
Forward-looking information is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct.
By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward- looking information in this press release including the inability or failure of Unified Global in completing the acquisition of the Cochrane Cannabis Company or Canmore Cannabis Company as described, or at all, the receipt of all applicable regulatory approvals for the transaction, including the AGLC's approval as required under applicable law, the inability or failure of Unified Global to execute their business and strategic plans as contemplated or at all, changes in national or regional economic, legal, regulatory and competitive conditions and a resurgence in the COVID-19 pandemic.
Other risk factors include: the risks resulting from the US marijuana industry, which may be legal under certain before the state and local laws but is currently illegal under U.S. federal law; the risks of investing in securities of private companies which may limit Unified Global's ability to sell or otherwise liquidate those securities and realize value; reliance on management; the ability of the Unified Global to service its current or future debt; Unified Global's ability to obtain additional financing from time to time to pursue its business objectives; competition; litigation; inconsistent public opinion and perception regarding the medical-use and adult-use marijuana industry; and regulatory or political change. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information.
The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. Unified Global undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
SOURCE: Unified Global Corp
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