Business
Item 9 Labs Corp.'s Dispensary Brand Strengthens East Coast Footprint with First New Jersey Shop
Item 9 Labs Corp.'s Dispensary Brand Strengthens East Coast Footprint with First New Jersey Shop.
About this update from Item 9 Labs Corp.
[{"type":"text","content":"\n\n\n\nItem 9 Labs Corp.'s Dispensary Brand Strengthens East Coast Footprint with First New Jersey Shop\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nItem 9 Labs Corp.'s Dispensary Brand Strengthens East Coast Footprint with First New Jersey Shop\nPR Newswire\nFRANKLIN TOWNSHIP, N.J., Dec. 16, 2022\n\n\n\nLocal Entrepreneur Awarded Recreational Business License for Unity Rd. Cannabis Dispensary in Franklin Township in Somerset County, N.J.New Development Brings Unity Rd. Footprint To Four U.S. States and Into the Northeast RegionFRANKLIN TOWNSHIP, N.J., Dec. 16, 2022 /PRNewswire/ -- Item 9 Labs Corp. (OTCQX: INLB)—a vertically integrated U.S. cannabis franchisor and operator—announced today that its dispensary franchise, Unity Rd., is expanding its footprint with a new store in Franklin Township in Somerset County, N.J. This marks the fourth U.S. state for the burgeoning cannabis retail brand, and it is anticipated to be the first location to open on the East Coast.\n\n \n \n \n \n \n \n\n \nThe local Unity Rd. shop owner, Dishen Patel, received approval from the state of New Jersey and municipality of Franklin Township in Somerset County for a recreational business license. This approval is among the first licenses the state has awarded, outside of existing medicinal cannabis businesses that were converted after the recreational sale of cannabis was legalized in New Jersey. The entrepreneur has deep experience in private equity investing in consumer-driven brands, including several restaurant concepts with a franchise infrastructure.\nThe Company signed a licensing agreement with Patel as a vendor contractor, stating that Item 9 Labs Corp. will provide him with consulting services across real estate, licensing, compliance, operations, product procurement and marketing, among others. The Company's Unity Rd. team is aiding him through every step of the process of opening his cannabis retail store, setting him up to confidently operate a compliant cannabis business in his local community.\n\"Introducing our Unity Rd. brand to New Jersey represents another co...