UCASU Reports Additional Insider Purchases by Its Founder
Rhea-AI Summary
UC Asset LP (UCASU) announced that its founder, Dr. Larry Wu, has made additional insider purchases of 20,000 shares at $0.69 per share on May 2, 2025. This follows his earlier purchase at $0.6772 per share, bringing his cumulative purchases to nearly 50,000 shares since last September. The cannabis property-focused real estate investment company reported a $0.02 per share net income for fiscal year 2024, marking its second consecutive profitable year. The company claims its cannabis property portfolio achieved above-industry-average ROI in 2024, outperforming other public cannabis property investment companies. Additionally, UCASU plans to launch a Reg A secondary offering of preferred units with an 8% annual dividend.
Positive
- Insider buying shows management confidence with founder purchasing 50,000 shares
- Second consecutive year of profitability with $0.02 EPS for 2024
- Cannabis property portfolio ROI reportedly outperforming industry average
- Planned 8% dividend offering for new preferred units
Negative
- Potential dilution from upcoming Reg A secondary offering
- Low share price trading under $1 indicates micro-cap status
- Cannabis sector exposure carries regulatory and market risks
News Market Reaction 1 Alert
On the day this news was published, UCASU declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
According to a Form 4 filed by Wu, he purchased another 20,000 shares of UCASU at a price of
Last September, the company disclosed that its insiders intended to purchase shares on the open market. According to Form 4s filed since then, Wu has cumulatively purchased close to 50,000 shares of the company's common units.
UC Asset is a limited partnership engaged in real estate investment, with a focus on cannabis property in recent years. Last week, the company reported a
Along with its annual report, the company released a statement contending that its cannabis property portfolio's ROI was significantly higher than the industry average for 2024, and had the best performance compared to other public companies holding investments in cannabis properties.
The company plans to launch a secondary public offering via Reg A, to issue preferred units carrying an
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
FAQ
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