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Item 9 Labs Corp (OTCMKTS: INLB) To Acquire Colorado Dispensary Kickstarts National Acquisitions Growth Plan

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Item 9 Labs Corp (OTCMKTS: INLB) is a vertically integrated cannabis franchise that produces terrific and award-winning products for the people. As reported by the press on 7th October 2021, the company has announced that it has signed an asset purchase agreement for a dispensary license in Adams County. The first corporate-owned shop under cannabis is anticipated to open within 4-6 months from now. The company is currently waiting for the approval of Colorado Marijuana for the opening of the shop.

The company has planned to renovate the dispensaries into Unity road shops and sell them further to an existing franchise partner. In addition, it has intended to accelerate the national expansion by creating new opportunities for Unity Rd. Franchise partner.

Management Statement

The Chief strategy officer of item 9 Labs, Jeffrey Rassas, says that the company’s eyes are set on Colorado to become the main character of the market. The Colorado dispensaries are continuously negotiating with others to give the license of the cannabis.

Some of the company’s markets are recently targeting are Arizona, Montana, and Oklahoma, as these are a few developing efforts. The company is still focused on building a national community of local dispensaries that can provide tools, products, and training, too as their team offers. Colorado’s cannabis sales have hit the highest point in the Denver market alone, for $14.9 million in sales in 2020. The Unity Rd. It offers the safest route for cannabis entrepreneurs who are much willing to stake their claim in the bursting industry.

The dispensaries are continuously being checked for the cannabis experience, guide partners through every operational function, which are still assisting the cash flow and product selection, and the changing rules and regulations of the company. The company offers easing barriers to entry for the new and the existing dispensary owners to give us the knowledge and the resources needed to thrive in the state successfully. These labs have the best industry practices with their best retail stores and cultivation capabilities nationwide.

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