Item 9 Labs has retained Sharp Capital Advisors to assist in the exploration of a sale of the Company. The Company consists of two core operating businesses, Item 9 Labs and Unity Rd.
Item 9 Labs consists of a cultivation operation in a 20,000 ft2 facility on 49 acres in Coolidge, AZ. This facility generates $20 million in sales over the trailing twelve month period.
Unity Rd. is the first national cannabis dispensary franchisor and a member of the International Franchise Association (IFA). With three active franchises (New Jersey, Colorado, and South Dakota) and a robust pipeline of additional franchisee opportunities, the Unity Rd. business is a capital efficient and asset-light model to distribute consistent quality brands in multiple states.
INLB owns an additional asset in Pahrump, Nevada, consisting of a partially completed 20,000 ft2 facility on 4.6 acres of land with two associated licenses.
Resolute Commercial Services, LLC was appointed as the receiver for INLB in July, 2023 by the Superior Court of Arizona in the County of Maricopa.
For more information:
Item 9 Labs Corp.
www.item9labs.com