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Item 9 Labs Corp (OTCMKTS: INLB) Dispensary Franchise Expand Across Northeastern U.S

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Item 9 Labs Corp (OTCMKTS: INLB) has announced to expand its cannabis dispensary franchise brand across the Northeastern in U.S. One of the pioneers, the vertically integrated, cannabis dispensary franchisor and operator made it official that it is on an expansion spree across the Northeast region. 

Information about the expansion of the cannabis dispensary franchisor in New Jersey

An agreement was initiated between the company and a serial entrepreneur. It has come to light that the knowledge and experience the entrepreneur has in franchising, attracted him towards this investment opportunity. The good news is that Dish Patel and his business partner have found themselves a place in the strong list of three franchise groups that have inked an agreement with Unity Rd. The agreement is to bring the brand to New Jersey. Awaiting legal clearance, all of them have their fingers crossed. 

Virginia witnessed a line up of investors to grab the opportunity

In Virginia the picture is no different. According to source who is aware of the development, Laurin Wallace, along with two business partners, recently signed on seeking to bring a Unity Rd. to the Old Dominion state. Virginia witnessed a line up of investors who were more than just eager to grab the opportunity to bring Unity Rd.’s business model to their communities. 

The Easternmost state of the U.S also keen to have Unity Rd. Brand

According to sources, Unity Rd. also helped their Maine franchise group in obtaining a lease. Presently, the brand is working with them to obtain a dispensary license. Growing in Massachusetts was what the group initially planned. However, they identified business opportunity in Maine. Adult-use market was launched in the state in October 2020 and since its launch, the market is flourishing. Sales that were made in the month of August is proof of this. In August alone, for the first time, sales crossed the $10 million mark. 

Stakes are running high on acquiring the dispensary franchise of the company. Item 9 Labs Corp, earlier this year took over Unity Rd.’s parent company, OCG Inc. With the acquisition, the group is the first national, vertically integrated cannabis franchise company in the US. Unity Rd. cannabis retail franchise and products sold under the Item 9 Labs Corp banner has strengthened the market position of Item 9 Labs Corp.

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