UC ASSET LTD PRTNSHP UTS - UCASU STOCK NEWS

UC Asset LP (OTCQX: UCASU) has signed a letter of intent (LOI) to acquire a 5-acre cannabis growth facility in Oklahoma for $440k. This property includes two grow buildings and is expected to generate a minimum gross revenue of $120k per month. This acquisition follows another LOI for a 4-acre property negotiated down to $500k. With over $800k cash available, the company aims to expand its portfolio by $10-30 million this year, primarily with cannabis properties. UC Asset is also planning a secondary public offering to support this growth.

UC Asset LP (OTCQX: UCASU) is finalizing the acquisition of a cannabis property in Oklahoma City for $500,000, significantly reduced from an initial asking price of $2.2 million. The 4-acre site includes multiple structures and greenhouses, potentially generating annual sales of $500,000 to $900,000 if leased to growers. The acquisition process includes ongoing due diligence, and while the company aims to replicate Power REIT’s success, it acknowledges potential last-minute changes. The firm is focused on acquiring undervalued properties to enhance investor returns.

UC Asset LP (OTCQX: UCASU) announced that it will expedite its 2021 financials and Form 10K filing to distribute a minimum dividend of $0.10 per share by the end of February 2022. This decision allows UC Asset to engage potential investors for a planned $10-20 million capital raise through private placements and a secondary public offering, aiming to uplist to NASDAQ or NYSE American. The management projects a net gain of $0.10-$0.15 per share for 2021.

UC Asset LP (OTCQX: UCASU) is optimistic about its potential benefits from Puration Inc.'s projected $10 million revenue, driven by its Farmersville Hemp Brand. UCASU, a substantial equity holder in PURA, plans to invest in cannabis properties, with its investment strategy mirroring successful models in the industry. The company is also pursuing an uplisting to Nasdaq or NYSE and aims to raise $10 million to $20 million. The success of PURA's business plan is critical for UCASU's returns, which could come from increased rent, profit-sharing, or dividends from restricted shares.

UC Asset LP (OTCQX: UCASU) announced its intention to uplist to a major exchange, likely NASDAQ or NYSE American, within 12 to 18 months. Management highlighted that the company has been quoted on OTCQX for two years and has experienced increased trading activity. For 2021, UC Asset project net gains of $0.10 - $0.15 per share with plans for a dividend of at least $0.10 per share. However, they acknowledge the need to double or triple their size to justify the uplisting, aiming for a market cap of at least $20 million. A secondary public offering is anticipated within the year.

UC Asset LP (OTCQX: UCASU) recently completed phase I due diligence on a cannabis property in Oklahoma, negotiating a 60% price reduction from $2.2 million to $900,000. The management team, led by Greg Bankston, conducted an on-site inspection and successfully challenged the property's revenue projections. UC Asset may seek further price deductions based on ongoing due diligence. The firm aims to lease the property to licensed growers, following a business model similar to successful companies like Power REIT (NYSE: PW), which has seen substantial stock price growth.

UC Asset LP (OTCQX: UCASU) projects a net profit per share of $0.10 to $0.15 for 2021. With three weeks remaining in the year, management is optimistic about finishing strong. A minimum cash dividend of $0.10 per share will be distributed to eligible shareholders. The company's Q3 report showed a $0.171 gain in net equity per share. However, management warns that annual gains might be lower than Q3, primarily due to increased cash holdings and market conditions. Future growth is anticipated from new strategies in cannabis, Airbnb, and historical properties.

UC Asset LP (OTCQX: UCASU) has signed a Letter of Intent (LOI) to acquire a 4-acre cannabis property in Oklahoma for $2.2 million. The property generated approximately $900,000 in annual revenue. The seller will provide a $1.2 million loan at 1.8% interest for three years with a 6-month grace period. UC Asset plans to lease the property back to licensed growers, adopting a model similar to successful public companies like Power REIT, whose stock has risen 750% since February 2020. This marks UC Asset's first step into cannabis investments.

UC Asset LP (OTCQX: UCASU) reported a net equity gain of $0.171 per share for the 12 months ending September 30, 2021, raising equity from $1.363 to $1.534 pre-dilution. Fully diluted, the gain is $0.165, reflecting a 12.5% growth. However, net equity declined by $0.049 per share pre-dilution and $0.054 fully diluted over the nine months ending September 30, 2021. The company anticipates a dividend of $0.10 per share for 2021 and remains optimistic about new investment strategies for 2022.