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Item 9 Labs Finalizes Merger Agreement with U.S. Cannabis Franchisor Dec 28, 2020 11:44 AM ET Legal Newswire POWERED BY LAW.COM Item 9 Labs Corp., a vertically integrated cannabis operator that produces premium products, announced today that it has finalized its merger agreement with ONE Cannabis Group (OCG, Inc.) and expects to close the merger in January 2021. ONE Cannabis Group, based in Colorado, is the parent company to the cannabis dispensary franchise Unity Rd. Built up from the legacy of a 10-plus year, award-winning Colorado dispensary & cultivator and infused with decades of franchise experience, the company helps eager operators enter the complex industry with ease. The cannabis franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and profitably operate a dispensary. Currently, Unity Rd. has franchise agreements signed for the development of more than two dozen shops across multiple states and ....
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Mergers & Acquisitions Heating Up in Cannabis Cultivation Market That Could Exceed $350 Billion By 2027 PALM BEACH, Fla., Dec. 16, 2020 /PRNewswire/ After it being reported that big Cannabis companies such as Aphria and Tilray were discussing the possibility of a merger, no wonder the cannabis industry has the caught the attention of many as growth in the industry is expected in the years to come. The various cannabis global markets have shown substantial growth over the past few years, and projected to continue for years to come. The increase in demand by consumers and the legalization around the world has been fueling the expansion of the needed increase in supply for flowers, recreational, medicinal, oils and infused products. The need for its source… cannabis… is driving the market to increase cultivation. Cannabis cultivation is a term that refers to the commercial growing of cannabis. A recent report from industry insider, Grand View Research projected that the glo ....
Share this article Share this article PHOENIX, Dec. 16, 2020 /PRNewswire/ Item 9 Labs Corp. (OTCQX: INLB) ( Item 9 Labs, or the Company ), a vertically integrated cannabis operator that produces premium products, announced today that it has finalized its merger agreement with ONE Cannabis Group (OCG, Inc.) and expects to close the merger in January 2021. ONE Cannabis Group, based in Colorado, is the parent company to the cannabis dispensary franchise Unity Rd. Built up from the legacy of a 10-plus year, award-winning Colorado dispensary & cultivator and infused with decades of franchise experience, the company helps eager operators enter the complex industry with ease. The cannabis franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and profitably operate a dispensary. Currently, Unity Rd. has franchise agreements signed for the development of more than two dozen shops across multiple states and expects the fir ....