Easing barriers to entry, the franchise provides an opportunity for both new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully.
Item 9 Labs Corp. brings the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation.
The experienced management team combines a diverse skill set with deep experience in the cann-a-bis sector, franchising, and the capital markets to lead a new generation of public cann-a-bis companies that provide transparency, consistency, and well-being.
Headquartered in Arizona, the company is currently expanding its operations space by 650,000+ square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower.
New Unity Rd. Dispensaries Open in Colorado and South Dakota
Item 9 Labs Corp. (INLB)'s Unity Rd. is the first national cann-a-bis dispensary franchise in the U.S., to offer eager entrepreneurs seeking to enter the complex $25 billion industry with the proven guidebook and ongoing support needed to successfully open and operate a compliant dispensary in their local community.
The Company opened its first Unity Rd. franchised location in June 2021 with a father-son entrepreneur duo in Boulder, Colorado, and has since grown to four stores in operation as well as a development pipeline packed with more than 20 groups who are expanding the brand across 10-plus states. The cann-a-bis franchise's second store is currently being rebranded to Unity Rd. in Oklahoma City, Oklahoma, and its third location opened in July 2022 in North Denver.
Riding the wave of new openings, this past July, the Company also worked with local entrepreneurs to open the first non-tribal, state-licensed medical cann-a-bis establishment in South Dakota – bringing the Unity Rd. footprint to four locations open in the last 13 months. Item 9 Labs Corp. anticipates entering the following markets next with its Unity Rd. cann-a-bis franchise: New Jersey, Maine, Virginia, Michigan, and New Mexico, among other states.
Item 9 Labs Corp. is also continuing to develop its Colorado Unity Rd. footprint with recent license approval to open a dispensary in the Cherry Creek neighborhood of Denver. Item 9 Labs Corp. has build-out plans already in place for the retail storefront and anticipates the location to be fully operational by the end of 2022. Further, earlier this year, the Company signed an Asset Purchase Agreement ("APA") for a medicinal and recreational dispensary and cultivator, The Herbal Cure, in the up-and-coming Washington Park near Denver, and is continuing to progress on the acquisition. The dispensary generated revenues of $5.4 million in 2021 and will be Unity Rd.'s first future flagship location.
Post a Comment
Post a Comment