By: Unity Rd. Franchise Opportunity – Cannabis Dispensary | 1 Shares 33 Reads
Franchisor of Cannabis Dispensary, Unity Rd. Seeks to Keep Dispensary Ownership Local by Providing Turnkey Investment Opportunities for New and Existing Franchise Partners
March 07, 2022 // Franchising.com // DENVER – Item 9 Labs Corp. (OTCQX: INLB) (the “Company”) – a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products – announced that it has closed its acquisition of an existing dispensary license and storefront in Adams County, Colorado.
Located at 6101 N. Washington St. in Denver, this will be the first corporate-owned shop under the Unity Rd. brand. The Company expects the shop to be operational in the first half of 2022.
Acquisition Marks First in Company’s National Growth Accelerator
This acquisition is part of an overarching strategy to accelerate national development by creating turnkey investment opportunities for Unity Rd. franchise partners. Item 9 Labs Corp. plans to aggressively expand its dispensary franchise by acquiring and converting cannabis retail stores, training the local team and selling the business to new and existing franchise partners.
“Entrepreneurs are flocking to cannabis, eager to grab a piece of the $25 billion a year market, but soon