Path of unity. Preparing for a record year of signings, acquisitions and openings

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Cannabis dispensary franchise poised for record growth after successful 2021 with eight new partners expanding brand into six new states

February 11, 2022 // Franchising.com // PHOENIX – Path of unity.the franchise of the cannabis dispensary of Section 9 Labs Corp. (OTCQX: INLB), is poised for significant growth with new franchise partners, acquisitions and openings. After a successful year of eight deals signed for expansion into six new states, the brand is well positioned to build on this performance in an optimistic 2022.

Maine, Michigan, New Jersey, South Dakota and Virginia were among the states to see franchise growth in 2021 – and the industry itself has grown with five more states legalizing cannabis for medical or adult use last year. As several states prepare to legalize cannabis through bills and ballot measures this year, more opportunities will soon become available and market forecasts show cannabis sales in the United States will reach 50 billion. dollars by 2026.

“Cannabis is one of the fastest growing industries in the world and we are at the forefront, as the pioneers leading the charge,” said Andrew Bowden, CEO of Item 9 Labs Corp. “As we approach 2022, we believe all of our efforts will accelerate as we see licenses and permits pass and new Unity Rd. openings take place across the country. »

A brand milestone was reached in June with the opening of Unity Rd.’s first cannabis franchise store in Boulder, Colorado, owned by a father-son team. Stacked with a strong development slate, Unity Rd. also closed deals in New Jersey and Virginia, while announcing expansion into Maine, and recently signed its first deal in South Dakota.

Another success the franchise company experienced last year was the launch of a nationwide dispensary acquisition program that offers a solution for would-be entrepreneurs looking to enter the cannabis industry immediately. Through business acquisitions, this program converts dispensaries into Unity Rd. stores that can be sold to an existing or future franchise partner. This move provides another avenue to keep ownership of the cannabis dispensary local, which is core to Unity Rd.’s mission and will be a key focal point this year.

In October, Item 9 Labs Corp. signed an asset purchase agreement for the program’s first store, existing dispensary license and storefront in Adams County, Colorado. The Company is currently awaiting regulatory approval from Colorado’s Marijuana Enforcement Division (the “MED”) and expects the store to be operational in the first half of 2022.

“We’ve really strengthened our foundation over the past year, and now we’ll continue to educate and raise awareness of our franchise opportunity,” added Mike Weinberger, Franchise Director of Unity Rd. increased interest from potential franchise partners and are starting to open more stores, but we’re not slowing down as more and more entrepreneurs need to know that the complex cannabis industry and franchising can co-exist – and that’s Unity.rd.”

An industry pioneer, Unity Rd. paved the way as the first national cannabis dispensary franchise model in the United States. This continues to be recognized by the franchise industry, as Unity Rd. recently became the first of its kind to be named a member of the International Franchise Association (IFA). The cannabis dispensary franchise also landed a spot on Franchise Dictionary Magazine’s TOP 100 Game Changers for 2021 and Franchise Journal Magazine’s 2021 Top Brands list.

Path of unity. offers a guided route for cannabis entrepreneurs looking to enter and navigate the complex cannabis industry. The dispensary’s proven franchise standard operating procedures (SOPs) and its dedicated team, with over 120 years of combined cannabis experience, direct franchise partners in all operational functions of the business, whether whether to obtain a license or assist with cash flow, product selection or regulatory changes. The Marijuana Dispensary franchise is actively seeking qualified partners who would benefit from the systems, processes and ongoing support offered by the franchise. Currently, Unity Rd. has multiple agreements signed with nearly 20 contractor groups that are in various stages of development nationwide.

Learn more about the Unity path. franchise opportunity, contact [email protected], call 720-923-5262 or visit unitrd.com.

About Unity Rd.

Path of unity. bridges the two previously disconnected worlds of cannabis and the franchise. The industry pioneer is the first to bring the cannabis dispensary franchise model to the United States, with a duality of prowess in both industries to back it up. Built from a collective of 200 years in the legal cannabis and franchise industry, the company helps operators willing to enter the complex industry with ease. The marijuana franchise pioneer provides its partners with the knowledge, resources and ongoing support needed to operate a compliant and successful dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with nearly 20 entrepreneur groups across the country. Recently, he was named one of the nation’s top cannabis retail leaders by MJBizDaily magazine and one of “The best cannabis companies to work forin the dispensary and cultivation categories of the 2020 Cannabis Business Times Elite List. The company is also the first cannabis company to win a Franchise Times Dealmakers award. For more information, visit unityrd.com.

About Item 9 Labs Corp.

Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor that offers premium products from its large-scale cultivation and production facilities in the United States. Award-winning brand Item 9 Labs specializes in the best products and user experience across multiple cannabis categories. The company also offers a unique dispensary franchise model through the nationwide Unity Rd. retail brand. By lowering barriers to entry, franchising provides an opportunity for new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. Item 9 Labs brings industry best practices to markets nationwide through a distinctive retail experience, culture capabilities and product innovation. The seasoned management team combines a diverse skill set with deep experience in the cannabis industry, franchising and capital markets to lead a new generation of public cannabis companies that deliver transparency, consistency and well-being. Based in Arizona, the company is currently expanding its operating space to more than 640,000 square feet on its 50-acre site, one of the largest properties in Arizona zoned for growing and growing flowers. For more information, visit item9labscorp.com.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, the risks and effects of judicial and administrative proceedings and governmental proceedings. regulation, particularly in a foreign country, future financial and operating results, competition, general economic conditions, proposed transactions that are not legally binding on the company and the ability to manage and pursue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this press release include the introduction of new technologies, market conditions and those set forth in any reports or documents we file from time to time. another with the SEC. We undertake no obligation to revise or update these statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.

SOURCE Unity Rd.

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contacts:

Marisa Beaumont
Media Relations
PR Fishman
[email protected]
847-945-1300

Section 9 Labs Corp.
Investor Relations
[email protected]
800-403-1140

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