October 7, 2021 -- InvestorsHub
NewsWire -- via MoneyChatsGroup
UC Asset (UCASU)
has been signaled as "Bullish" in the past days by Stock Technical
Analysis (StockTA.com) for both
intermediate and short terms, after the company announced expansion
of its portfolio to include more Cannabis properties, and its plan
to discuss a minimum of $0.10 per share dividend plan at its
pending shareholder meeting. StockTA.com is a free stock screening and
technical analysis site.
Below are excerpts from UC Asset's recent news releases on its
cannabis investment strategy and dividend plan, respectively.
UCASU introduced Cannabis property
investment
(Atlanta, 09/28/2021) UC Asset LP (OTCQX:
UCASU) introduced its Cannabis property investment strategy
yesterday during the Emerging Growth Conference. According to the
company presentation, Cannabis properties, combined with the
company's current investments in Airbnb-based SHOC properties and
historic landmark properties, will be major building blocks in its
portfolio over the coming years.
Cannabis properties are among the most profitable properties in
the past years. On the stock market, it is among the best
performing of all sectors of cannabis business. For example,
Innovative Industrial Properties (NYSE: IIPR), the first NYSE
public company providing real estate capital to the medical-use
cannabis industry, and Power REIT (NYSE: PW), a specialized REIT
focused on expanding its real estate portfolio of greenhouse
properties for food and cannabis cultivation, both have had
extraordinary performances. Last month on OTCQX (where UCASU stocks
are quoted), Cannabis REIT New Lake Capital Partners (OCTQX: NLCP)
closed on its IPO raising $102 million.
"UC Asset invested in Cannabis-related business back in 2016,"
says Greg Bankston, managing general partner of UC Asset, "but we
exited those investments before our IPO in 2018, out of concern of
the risks regarding federal regulations. However, recent
demographic and political changes in Georgia (where we are based),
and neighboring states are in favor of deregulation of the cannabis
industry. The recent addition of former US Congressman Kwanza Hall
to our team enhances our ability in managing risks of regulations.
That's why we believe it is a great timing for us to re-enter this
sector."
Late last year, UC Asset entered a deal converting its farmland
in Dallas, TX to a medical agriculture project. The firm partnered
with a local company in Cannabis Extractions Sector, with a product
line of CBD infused bottled water products. Now, UC Asset is
seeking to expand its investment in hemp and medical-use cannabis
properties.
During the Emerging Growth Conference, UC Asset also discussed
additional elements of its portfolio, including Airbnb-based SHOC
properties and historic landmark properties. UC Asset projected its
first Airbnb property will reach 30-36% IRR over a 5-year period;
and its pilot historic landmark investment, the Rufus Rose House in
the heart of downtown Atlanta, may produce an extra 50% to 100%
return in the next 12 months, if its NFT (non-fungible token) based
strategy works according to plan.
UCASU to submit $0.10 or above per share dividend plan
to shareholder meeting
(Atlanta, 10/05/2021) UC Asset LP (OTCQX:
UCASU) announces it will hold annual shareholder meeting soon.
Among other topics, UC Asset's management will submit its dividend
plan for shareholders to review and comment.
" Our most recently quarterly report 10-Q showed a 20% organic
growth of net equity over a 12 month period," Says Greg Bankston,
managing general partner of UC Asset. "If that trend may continue,
we will have over $1 million of undistributed profit. It will be to
the best interest of our company to distribute a reasonable amount
of profit as dividend. We plan to distribute a minimum of $0.10 per
share."
However, Bankston adds, that such dividend plan will be subject
to the final results of audited financial reports and other
possible changes of business situations. The bylaw of UC Asset
gives management arbitrary power to withhold dividend distribution
if the management believes it will be better to use those funds for
further investments.
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