Unity Rd, a Franchise of Item 9 Labs Corp (OTCMKTS:INLB), entered accords with three entrepreneurial Groups to expand its footprint in New Jersey.
Annual revenues of cannabis at $950 million in NJ
As per the terms of the agreement, each entrepreneur will inaugurate one Unity Rd. Shop in New Jersey. The teams of Item9 and Unity Rd will guide the partners to obtain a license for the dispensaries. Item9 expects to clinch a pie of the annual revenues of $950 million in New Jersey by the year 2024.
Unity Rd. seeks franchise opportunities in the northern US to benefit from burgeoning sales because more states are expected to legalize cannabis for adult use and medicinal use soon.
Safest path for entrepreneurs
Unity Rd. would help the entrepreneurs looking to enter the cannabis industry and avail franchise opportunities to benefit from higher revenues.
The entrepreneurs can gain expert knowledge and resources from the teams of Unity Rd. to incorporate and operate a dispensary. It will also provide ongoing support to them.
Affinor Growers Inc (OTCMKTS:RSSFF) Issues An Update On Leased 15,000 sq. Ft. Greenhouse Building
Affinor Growers Inc (OTCMKTS:RSSFF) appointed management on December 1, 2020. It focuses on completing the first AVF (automated vertical farm) showcase for commercialization.
The company released purchase orders for electrical and construction work. It also roped in Premium Electric for upgrading its power for the plant.
Affinor will commence planting and set a date for the manufacture of romaine lettuce and strawberries. The company will approach Health Canada for the micro cultivation license.
Affinor will use part of the greenhouse facility for an automated cannabis craft cannabis program and save capital spending of $500,000.
To achieve profitability and sustainability, the company will introduce an innovative composite technology for preparing the soil, besides using alternative energy solutions. Remediated soil, water, and the sun will help the company to cultivate premium quality products.
Affinor will acquire the facilities and land in Canada. It will also license its automation turnkey process, patented technology, and QA processes across the world.
The company will soon launch its website and join the VIP list. CEO of Affinor, Nick Brusatore, said the company expresses gratitude to all the investors for their trust and continued support to get this facility running quickly.