Profitable New Cannabis Accelerator Combines Social Equity With Merit at Health Advance Inc and SoEquity

Rhea-AI Summary

Health Advance Inc (OTC: HADV) and SoEquity have launched a cannabis accelerator program, approving their first social equity cannabis license owner, InLabs2 of Springfield, Illinois. The program aims to boost business success through targeted mentorship and funding, while sharing benefits with public investors.

The alliance's business model focuses on identifying qualified social equity license owners in states with capped licensing, providing expertise, mentorship, and financing to maximize performance. InLabs2, led by William Bishop III, has agreed to a joint venture that provides the Health Advance/SoEquity alliance with partial ownership and profit sharing.

Health Advance is supporting SoEquity 's qualification with the SEC for a $75 Million public offering under Regulation A+. The initiative represents the first time public investors have had access to social equity targeted deal flow within the cannabis sector.

Positive

• Secured partial ownership and profit sharing in InLabs2 , a licensed cannabis operation
• Operating in Illinois' capped cannabis market with competition
• Pipeline of additional joint venture candidates ready for evaluation
• Strategic positioning for $75M Regulation A+ public offering

Negative

• Requires significant capital deployment for future ventures
• Success dependent on regulatory compliance in cannabis sector
• Early stage of program implementation with unproven financial results

Innovative Approach Drives Profitability of Cannabis Operations for Public Shareholders Through Social Equity License Owners

LOS ANGELES and SPRINGFIELD, Ill., Jan. 29, 2025 /PRNewswire/ -- Health Advance Inc (OTC: HADV)  www.HealthAdvanceGroup.com  and strategic partner SoEquity Corporation www.SoEquityCorporation.com have approved their first social equity cannabis license owner, InLabs2 LLC of Springfield, Illinois, to participate in a unique new opportunity accelerator program.  The approach taken by the Health Advance / SoEquity alliance has positive implications for participating public shareholders, the legal cannabis sector, and for society. 

The partners are boosting the business success of social equity cannabis license owners through targeted mentorship and funding, and passing those benefits through to their public investors. SoEquity Founder and CEO, Calvin Frye, is acknowledged by regulators as an expert in this pursuit.  Frye has been showcased by the Los Angeles Department of Cannabis Regulation and government legislators nationally. 

VIDEO: https://www.youtube.com/watch?v=UgFJAoOn-SM

By improving the success rate of social equity cannabis license owners,  the Health Advance / SoEquity accelerator program helps cannabis regulators achieve their goal of a thriving licensed community, while respecting social equity ownership objectives.  This initiative is establishing a leadership role for Health Advance / SoEquity in a valuable limited access market.

InLabs2 LLC is a case in point.  It was granted a Craftgrow and Infusion Cannabis License under a program promoting social equity ownership in cannabis business opportunities.  Illinois manages a "capped" cannabis market that limits the number of licenses, and enforces against unlicensed operators.  The business model of the Health Advance / SoEquity alliance is to quickly identify qualified social equity license owners in states that have capped licensing, then deploy targeted expertise, mentorship and financing to maximize performance and to share in the unique competitive advantages enjoyed by those social equity cannabis license owners.

InLabs2 LLC, www.InLabs2.com,  is led by Springfield's popular William Bishop III, a former U.S. Marine with thousands of friends on Facebook alone, and well-known locally.  Agreement has been reached through SoEquity's CEO, Calvin Frye, to launch InLabs2 operations as a joint venture. The deal provides the Health Advance / SoEquity alliance with partial ownership in InLabs 2 LLC, and lucrative profit sharing, in return for the alliance's mentorship and financial backing.  Health Advance is helping to coordinate this deal, and future transactions for SoEquity Corporation,  toward SoEquity qualification with the SEC for a $75 Million public offering under Regulation A+.  Public investors did not previously have access to social equity targeted deal flow within the cannabis sector before the Health Advance / SoEquity alliance initiative.

Mr. Bishop, CEO of InLabs2, comments -  "Calvin is a pioneer.  Thousands of people in the industry and in the community know him. That's not even an exaggeration.  I am really excited to be working with Calvin and his team. It's been hard for me to secure capital and get the best advice in this space even though I have a terrific license and skills.  Now, in the joint venture concept, Calvin's  track record becomes our track record.  We grow together as a team, sharing the rewards with our new public shareholders. We are going to show them what we can do. This is going to grow, man.  This is needed. It's fantastic."

Although InLabs2 LLC is the first joint venture approved by the alliance, there are more in the pipeline. Additional applicants are eager to share what they have, for mutual gain. Applicants are proving with their high quality business plans that they have lucrative legal cannabis opportunities that are being wasted due to missing mentoring and financing. 

SoEquity Corporation's Calvin Frye comments – "I'm proud of the SoEquity mission to help an unserved entrepreneurial community get a fair shot at being prosperous within the cannabis industry, while at the same time delivering exceptional financial performance.  Our accelerator program combines merit and social equity for best results.  It's about smart business and doing the right thing.  It's  good for everyone.  I am being approached a lot now, since the word got out about what we are doing.  It's big. I can feel it."

President of Health Advance, Larry McLachlin, concludes, "Our alliance gives Health Advance shareholders huge upside. Calvin's network is vast. What we are doing together is massively scalable. There is a lot of positive human energy around this. It has come together nicely.  When SoEquity gets the Reg A+ funding, the whole thing will go to another level.  We'll have tons of developments to report to our shareholders.  That's important – continuous real advances to share – that's gold."

ABOUT SOEQUITY CORPORATION

SoEquity Corporation, whose credo is "Social Equity Capital Management for Profit and Progress" is in the process of formation for the purpose of qualifying for a U.S. federal Tier 2 Regulation A+ public offering of an initial $75 Million, after SEC qualification.  The corporation's charter mission within the cannabis sector is to serve a growing need  amongst social equity cannabis business licensees to merge merit-based performance outcomes with a variety of social equity granted licenses, in order to deliver exceptional profit opportunities and social justice, both. SoEquity Corporation will also be applying this model in other business sectors, such as food and beverage, in-store merchandising technology and beyond.

ABOUT HEALTH ADVANCE INC

Health Advance is a Current Information tier filer with OTC Markets in the Alternative Reporting Standards category. Health Advance Inc is organizing joint venture initiatives to realize the company's charter mission to be active in the health and wellness oriented marketplace, broadly defined.

SAFE HARBOR STATEMENT

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

MEDIA / INTERVIEWS

Calvin Frye, Founder & CEO
SoEquity Corporation
(818) 744-4617
www.SoEquityCorporation.com
www.RealCalvinFrye.com
Info@soequitycorporation.com

Larry McLachlin, President
Health Advance, Inc
(705) 733-7098
9131 Keele Street, Suite A4
Vaughan, Ontario L4K 0G7
President@HealthAdvanceGroup.com
www.Twitter.com/HADVPresident

Photo - https://mma.prnewswire.com/media/2608425/Calvin_frye.jpg
Logo - https://mma.prnewswire.com/media/2608426/InLabs_2.jpg
Logo - https://mma.prnewswire.com/media/2608427/SoEquity_Corporation.jpg
Logo - https://mma.prnewswire.com/media/2608424/Health_Advance_Inc_Logo.jpg

 

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SOURCE Health Advance, Inc

FAQ

What is the first cannabis company approved for Health Advance's (HADV) accelerator program?

InLabs2 of Springfield, Illinois, is the first social equity cannabis license owner approved for the Health Advance/SoEquity accelerator program.

How will HADV benefit from the partnership with InLabs2 ?

HADV will receive partial ownership in InLabs2 and profit sharing rights in exchange for providing mentorship and financial backing.

What is the size of SoEquity's planned Regulation A+ offering supported by HADV?

SoEquity is pursuing a $75 Million public offering under Regulation A+ with support from Health Advance.

How does HADV's cannabis accelerator program generate value for shareholders?

The program creates value by acquiring ownership stakes in social equity cannabis licenses, providing mentorship and funding, and sharing profits with public investors.

What market advantage does HADV's partnership with InLabs2 provide?

The partnership gives HADV access to Illinois' capped cannabis market, which limits competition through restricted licensing and enforcement against unlicensed operators.