Business
Unity Rd. Gears Up for Banner Year of Signings, Acquisitions and Openings
Unity Rd. Gears Up for Banner Year of Signings, Acquisitions and Openings.
About this update from Item 9 Labs Corp.
[{"type":"text","content":"\n\n\n\nUnity Rd. Gears Up for Banner Year of Signings, Acquisitions and Openings\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\nUnity Rd. Gears Up for Banner Year of Signings, Acquisitions and Openings\nCannabis Dispensary Franchise Primed for Record Growth After Successful 2021 with Eight New Partners Expanding the Brand Across Six New States\nPR Newswire\nPHOENIX, Feb. 11, 2022\n\n\n\nPHOENIX, Feb. 11, 2022 /PRNewswire/ -- Unity Rd., the cannabis dispensary franchise from Item 9 Labs Corp. (OTCQX: INLB), is prepped for momentous growth with new franchise partners, acquisitions and openings. After a successful year of eight signed agreements for expansion into six new states, the brand is well-positioned to build off this performance in an optimistic 2022.\n\n \n \n \n \n \n \n\n \nMaine, Michigan, New Jersey, South Dakota, and Virginia were some of the states to see franchise growth in 2021 – and the industry itself grew with five more states legalizing either medicinal or adult-use cannabis last year. With several states preparing to legalize cannabis through legislative bills and ballot measures this year, more opportunities will soon be available and market forecasts show U.S. cannabis sales will reach $50 billion by 2026.\n\"Cannabis is one of the fastest-growing industries in the world and we are at the forefront, as a pioneer leading the charge,\" said Andrew Bowden, CEO of Item 9 Labs Corp. \"Heading into 2022, we believe all our efforts will accelerate as we see licenses and permits go through and new Unity Rd. openings taking place nationwide.\"\nA major brand milestone was hit in June with the opening of Unity Rd.'s first cannabis franchise shop in Boulder, Colorado owned by a father-and-son team. Stacked with a roster of strong development, Unity Rd. also solidified deals in New Jersey and Virginia, while announcing its expansion throughout Maine, and most recently signed its first agreement in South Dakota. \nAnother success the franchise company saw last year was the launch of a national dispensary acquisition program which offers a solution for pr...