UC Asset LP announced an update regarding its secondary public offering $(SPO.AU)$ through Reg A, revealing improved financial performance of its acquisition target. The company aims to raise up to $10 million in preferred shares, offering an annual dividend of 8%. The capital will primarily be used to acquire additional cannabis properties, comprising 25 units and 37,800 square feet. UC Asset's founder, Larry Wu, noted that the cannabis industry appears to have hit rock bottom, making it an opportune time to invest in undervalued properties. The projected annual operating profit from the targeted properties is expected to be approximately 11% of the acquisition price, with an anticipated 109% revenue growth for 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UC Asset LP published the original content used to generate this news brief via PR Newswire (Ref. ID: IO22178) on July 01, 2025, and is solely responsible for the information contained therein.