UC ASSET LTD PRTNSHP UTS - UCASU STOCK NEWS

On November 19, 2021, UC Asset LP (OTCQX: UCASU) held its annual shareholder meeting, confirming a dividend plan of $0.10 per share. The company expressed optimism for 2022, with plans to transition into innovative investments, including cannabis properties, Airbnb-based SHOC properties, and historic landmarks. Executive Director Christal Jordan and Managing General Partner Greg Bankston highlighted strong potential returns, with projected IRR for the SHOC property at 26%-31%. The company anticipates significant growth across its new strategies, contingent on audited financials.

Puration, Inc. (PURA) has announced plans to establish its Farmersville Hemp Brand, aiming to generate revenue from education, branding, and partnerships. Despite previous Covid-related delays, the company is confident in its strategic development of its Farmersville facility, which will serve as an educational hub for integrating industrial hemp into existing operations. Partnerships with UC Asset LP (UCASU) and investments in Alkame Holdings, Inc. and a cannabis supply company highlight PURA's growth strategy. The company anticipates initiating revenue generation and growth in 2022.

UC Asset LP (OTCQX: UCASU) has announced the establishment of a deal pipeline for cannabis property investments, adopting a model similar to Power REIT. The firm aims to replicate Power REIT’s success, which saw a stock price increase of 750% from February 2020 to November 2021, alongside significant revenue and profit growth. UC Asset's strategy includes an umbrella deal with OTC companies, enabling long-term leases for cannabis properties. This approach is designed to mitigate regulatory risks while expanding its investments in hemp and medical-use cannabis across various regions.

On Nov. 8, 2021, UC Asset LP (OTCQX: UCASU) projected a strong net income for 2021, potentially allowing for a dividend of $0.10 per share. This announcement precedes the annual shareholder meeting on November 18, 2021. Managing partner Greg Bankston noted that investments from 2020 are expected to perform well, covering operational costs. While he expressed confidence in the cash position, caution was advised due to potential uncertainties in the portfolio. Eligible shareholders by year-end 2021 will receive the dividend, if declared.

UC Asset LP (OTCQX: UCASU) and Puration, Inc. (OTC Pink: PURA) have signed a letter of intent for UCASU to finance the construction of PURA’s Farmersville Hemp Brand facilities in Texas. This collaboration aims to establish a cooperative of hemp growers under the Farmersville Hemp brand, similar to collective marketing initiatives like Sun-Maid Raisins. UCASU, which previously acquired the 72-acre site for the development, plans to finalize a definitive agreement next week and offer real estate financing to PURA’s partners.

UC Asset LP (OTCQX: UCASU) will hold its annual shareholder meeting virtually on November 18, 2021, at 9:00 am ET. The meeting will cover a proposed dividend plan, with management suggesting a minimum of $0.10 per share, contingent on audited financial results. The company reported a 20% organic growth of net equity over the past year, projecting over $1 million of undistributed profit. However, management reserves the right to withhold dividends if deemed beneficial for further investments.

UC Asset (OTCQX: UCASU) announced on October 15, 2021, that its management team has collectively purchased more shares than sold over the past six months. This announcement responds to shareholder inquiries regarding a Form-4 filing by founder Larry Xianghong Wu, which reflected a net sale of 5,000 shares. Despite this sale, Wu retains 97% of his holdings and has no current plans to sell more shares. Other management members' purchases did not meet disclosure thresholds but will be reported in the upcoming annual 10-K filing.

On October 13, 2021, Zacks Small-Cap Research upgraded its coverage of UC Asset (UCASU), setting a target price of $4.50 per share, significantly higher than its last trading price of $2.10. UC Asset is diversifying investments into cannabis-related land and properties, which are considered high-return assets. From June 2020 to June 2021, the company's assets increased, and net equity per share rose by 20% without additional financing. Cash reserves grew to $2.7 million from $0.2 million the previous year, thanks to property sales above book value.

UC Asset LP (OTCQX: UCASU) announced plans to present a dividend distribution proposal during its upcoming annual shareholder meeting. The management anticipates a minimum dividend of $0.10 per share, contingent on the final audited financial reports. The latest quarterly report indicates a 20% organic growth in net equity over a year, leading to potential undistributed profits exceeding $1 million. The company currently holds $2.7 million in cash reserves. Future investments will include Cannabis properties and historic real estate.