UC Asset, LP
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Christal D. Jordan
- Full Time Employees
- 2
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- 2299 Perimeter Park Drive Atlanta GA United States of America 30341
- IPO Date
- Jan 21, 2020
- CIK
- 0001723517
- Website
- ucasset.com
- Similar Companies
- Business
- UC Asset LP is a master limited partnership specializing in the investment and development of real estate properties outfitted with advanced technologies for the cultivation of medical plants, with a primary focus on medical cannabis. Its core products and services include owning, acquiring, and managing cannabis cultivation properties and related real estate assets, primarily in metropolitan areas such as Atlanta and Dallas. The company also engages in property acquisitions to expand its portfolio of cannabis facilities and has begun offering CBD-infused bottled flavored water products. Founded in 2016 and headquartered in the United States, UC Asset operates within the cannabis real estate investment industry, targeting medical cannabis growers and allied businesses. In recent major developments, UC Asset has acquired a $3.0 million cannabis property including office space and a 50% stake in a 15,000-square-foot cannabis cultivation property in Oklahoma for $1.5 million. The company announced plans for a secondary public offering to raise up to $10 million through preferred shares carrying an 8% annual dividend, aimed at expanding its cannabis property portfolio. To enhance trading liquidity, it plans to acquire another publicly traded company with a larger shareholder base, resembling a reverse merger strategy, to increase market visibility. UC Asset's strategic shifts include hedging its investments by focusing on cannabis properties that can be converted to non-cannabis uses if needed, reflecting a cautious outlook on the cannabis market's growth trajectory. UC Asset positions itself as one of the few publicly traded companies in the U.S. exclusively dedicated to cannabis property investment, pursuing growth during a forecasted second wave of cannabis industry expansion. The company emphasizes a risk-managed approach by investing in undervalued cannabis real estate assets with potential for significant future revenue growth or alternative usage conversion. The founder and management emphasize strategic acquisitions and capital raises to strengthen the firm's competitive position in the specialized cannabis real estate sector. The ongoing public offerings, acquisitions, and strategic operational changes underscore its commitment to scaling its asset base and increasing investor returns within this niche market.
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