UC Asset Acquired $3M Cannabis Property via Non-Cash Deal
UC Asset (OTCQB: UCASU) has completed the acquisition of a $3.0 million cannabis property, securing the remaining 50% ownership for $1.5 million through a non-cash transaction. The property includes 1,550 square feet of office space and 16,500 square feet of cannabis cultivation space, recently appraised at $3.4 million replacement cost.
The acquisition was structured through preferred shares ($1.0M), equity trade ($250K), and third-party financing ($250K). The current tenant, who is also the seller, has entered a five-year double-net lease with monthly rent increasing from $12,000 to $13,000 immediately and to $16,000 next year.
This acquisition brings UC Asset's total real estate portfolio to approximately $7 million, with $3 million in cannabis properties. The company plans to launch a Reg A+ secondary public offering (SPO) to raise up to $10 million, primarily for cannabis property investments.
UC Asset (OTCQB: UCASU) ha completato l'acquisizione di una proprietà nel settore della cannabis del valore di 3,0 milioni di dollari, assicurandosi il restante 50% di proprietà per 1,5 milioni di dollari tramite una transazione non in contante. La proprietà include 1.550 piedi quadrati di spazio per uffici e 16.500 piedi quadrati di spazio per la coltivazione della cannabis, recentemente valutata a un costo di sostituzione di 3,4 milioni di dollari.
L'acquisizione è stata strutturata attraverso azioni privilegiate (1,0 milioni di dollari), scambio di equity (250.000 dollari) e finanziamenti di terzi (250.000 dollari). L'attuale inquilino, che è anche il venditore, ha stipulato un contratto di locazione doppio-netto di cinque anni, con un affitto mensile che aumenta da 12.000 a 13.000 dollari immediatamente e a 16.000 dollari il prossimo anno.
Questa acquisizione porta il portafoglio immobiliare totale di UC Asset a circa 7 milioni di dollari, con 3 milioni di dollari in proprietà nel settore della cannabis. L'azienda prevede di lanciare un'offerta pubblica secondaria (SPO) Reg A+ per raccogliere fino a 10 milioni di dollari, principalmente per investimenti in proprietà nel settore della cannabis.
UC Asset (OTCQB: UCASU) ha completado la adquisición de una propiedad de cannabis por valor de 3,0 millones de dólares, asegurando el 50% restante de la propiedad por 1,5 millones de dólares a través de una transacción no monetaria. La propiedad incluye 1.550 pies cuadrados de espacio de oficina y 16.500 pies cuadrados de espacio para cultivo de cannabis, recientemente tasada en un costo de reemplazo de 3,4 millones de dólares.
La adquisición se estructuró a través de acciones preferentes (1,0 millones de dólares), intercambio de capital (250.000 dólares) y financiamiento de terceros (250.000 dólares). El inquilino actual, que también es el vendedor, ha firmado un contrato de arrendamiento doble-neto de cinco años, con un alquiler mensual que aumenta de 12.000 a 13.000 dólares de inmediato y a 16.000 dólares el próximo año.
Esta adquisición eleva el portafolio inmobiliario total de UC Asset a aproximadamente 7 millones de dólares, con 3 millones de dólares en propiedades de cannabis. La empresa planea lanzar una oferta pública secundaria (SPO) Reg A+ para recaudar hasta 10 millones de dólares, principalmente para inversiones en propiedades de cannabis.
UC Asset (OTCQB: UCASU)는 300만 달러 규모의 대마초 부동산 인수를 완료하였으며, 비현금 거래를 통해 150만 달러로 나머지 50%의 소유권을 확보하였습니다. 이 부동산은 1,550평방피트의 사무실 공간과 16,500평방피트의 대마초 재배 공간을 포함하고 있으며, 최근 340만 달러의 대체 비용으로 평가되었습니다.
인수는 우선주(100만 달러), 주식 거래(25만 달러), 제3자 금융(25만 달러)을 통해 구조화되었습니다. 현재 세입자이자 판매자인 임대인은 5년간의 이중 순 임대 계약을 체결하였으며, 월세는 즉시 12,000달러에서 13,000달러로 증가하고 내년에는 16,000달러로 증가합니다.
이번 인수로 UC Asset의 총 부동산 포트폴리오는 약 700만 달러에 이르며, 그 중 300만 달러가 대마초 부동산입니다. 회사는 대마초 부동산 투자에 주로 사용하기 위해 최대 1,000만 달러를 모금하기 위한 Reg A+ 2차 공모(SPO)를 출시할 계획입니다.
UC Asset (OTCQB: UCASU) a achevé l'acquisition d'une propriété de cannabis d'une valeur de 3,0 millions de dollars, sécurisant les 50% restants de la propriété pour 1,5 million de dollars par le biais d'une transaction non monétaire. La propriété comprend 1 550 pieds carrés d'espace de bureau et 16 500 pieds carrés d'espace de culture de cannabis, récemment évaluée à un coût de remplacement de 3,4 millions de dollars.
L'acquisition a été structurée par le biais d'actions privilégiées (1,0 million de dollars), d'échanges d'équité (250 000 dollars) et de financements tiers (250 000 dollars). Le locataire actuel, qui est également le vendeur, a signé un bail double-net de cinq ans, avec un loyer mensuel passant immédiatement de 12 000 à 13 000 dollars et à 16 000 dollars l'année prochaine.
Cette acquisition porte le portefeuille immobilier total de UC Asset à environ 7 millions de dollars, dont 3 millions de dollars en propriétés de cannabis. L'entreprise prévoit de lancer une offre publique secondaire (SPO) Reg A+ pour lever jusqu'à 10 millions de dollars, principalement pour des investissements dans des propriétés de cannabis.
UC Asset (OTCQB: UCASU) hat den Erwerb einer 3,0 Millionen Dollar teuren Cannabis-Immobilie abgeschlossen und sich die verbleibenden 50% Eigentum für 1,5 Millionen Dollar durch eine nicht monetäre Transaktion gesichert. Die Immobilie umfasst 1.550 Quadratfuß Bürofläche und 16.500 Quadratfuß Anbaufläche für Cannabis, die kürzlich mit 3,4 Millionen Dollar Wiederbeschaffungskosten bewertet wurde.
Der Erwerb wurde durch Vorzugsaktien (1,0 Millionen Dollar), Eigenkapitalhandel (250.000 Dollar) und Drittfinanzierung (250.000 Dollar) strukturiert. Der derzeitige Mieter, der auch der Verkäufer ist, hat einen fünfjährigen Double-Net-Lease mit einer monatlichen Miete abgeschlossen, die sofort von 12.000 auf 13.000 Dollar und im nächsten Jahr auf 16.000 Dollar steigt.
Diese Akquisition bringt das Gesamtimmobilienportfolio von UC Asset auf etwa 7 Millionen Dollar, davon 3 Millionen Dollar in Cannabis-Immobilien. Das Unternehmen plant eine Reg A+ Sekundäröffentlichkeit (SPO) zu starten, um bis zu 10 Millionen Dollar zu beschaffen, hauptsächlich für Investitionen in Cannabis-Immobilien.
- Non-cash acquisition preserves company's cash reserves
- Tenant becomes strategic investor, reducing default risk
- 33% increase in rental income by next year (from $12K to $16K monthly)
- Property appraised at $3.4M, above acquisition cost of $3M
- Doubles cannabis property portfolio to $3M
- Potential share dilution from issuing $1M in preferred shares
- Additional $250K debt from third-party financing
- High-risk tenant industry (cannabis) with elevated default rates
- Dependency on federal regulation changes for mortgage financing
None of the
"With the exception of
A prevalent challenged in cannabis property investment, Wu highlights, is the high default rate among cannabis tenants, stemming from the high-risk-high-reward nature of an emerging industry such as cannabis. When growers face difficulties in operation, they may default their lease or even vacate the property, resulting in financial losses for property investors. To mitigate this risk, UC Asset, as a property investor, has adopted a strategy of forming long-term stratetic partnerships with tenants. A key component of this approach is encouraging tenants to become strategic investors in UC Asset.
As part of the deal, the current tenant entered into a five-year double-net lease with UC Asset, increasing the monthly rent from
"This deal is part of our strategic plan to expand our investment in cannabis properties," says Wu, founder of UC Asset. "Among our portfolio properties, cannabis properties currently yield the highest return on equity (ROE) and has most promising potential for appreciation in the coming years, especially if change in federal regulations will allow commercial banks to provide mortgage loans to cannabis property owners."
Last month, UC Asset announced plans to launch a secondary public offering (SPO) via Reg A+, aiming at raising a maximum of
Following the acquisition, UC Asset's total real estate portfolio will increase to approximately
Currently, UC Asset is one of the only four US public companies that hold a significant portion of their portfolio in cannabis properties.
UC Asset acquired
The property is a cannabis growing facility with fully computerized environment control and has the capacity to host full cycle cannabis production, from creating clones/genetics to extracting cannabinoids.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies. For more information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
For More Information Contact: +1 470-475-1035, IR@UCasset.com
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SOURCE UC Asset LP
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