Uc Asset Com Stock Price, News & Analysis

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.

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.