Item 9 Labs Corp.

11 01, 2023

Unity Rd. Shop Owner Awarded Recreational License For Cannabis Business in New Jersey

2023-01-11T10:48:34-05:00January 11th, 2023|Tags: , , , , , , |

Local Entrepreneur Receives Approval To Begin Build Out For One of First Newly Licensed Dispensaries in the Garden State; National U.S. Dispensary Franchisor Expands To Fourth U.S. Market.

FRANKLIN TOWNSHIP, N.J. — Unity Rd., the first true national cannabis dispensary franchise in the U.S., announced today that the brand is officially entering the Garden State. The local Unity Rd. shop owner and entrepreneur, Dishen Patel, received approval for a recreational business license from the state of New Jersey and the municipality of Franklin Township in Somerset County to open and operate a new cannabis business.

This approval is among the first recreational business licenses the state has awarded outside of existing medicinal cannabis businesses that were converted after the recreational sale of cannabis was legalized by the state. The Franklin Township Unity Rd. is expected to open in the first half of 2023.

Patel has spent the past decade in private equity investing in consumer-driven brands, including several restaurant concepts that utilize a franchise business model. He has also previously acquired brands and transitioned them into franchise companies.

“I was seeking next-generation business opportunities in hypergrowth industries in which I had a passion,” Patel said, recognizing that the $28 billion U.S. cannabis market is on track to reach $46 billion by 2026. “I know how to run a retail business, but the cannabis space is layered with complexities. I needed a direct route to alleviate barriers to entry and set myself up for success, while confidently making decisions.”

The Company signed a licensing agreement with Patel as a vendor contractor, stating that it will provide him with consulting services across real estate, licensing, compliance, operations, product procurement and marketing, among others.

Patel continued, “With the Unity Rd. team guiding me at every step, I am able to yield their expertise to operate and grow my future dispensary, while keeping my attention focused on what matters most – providing my neighbors with a trusted local cannabis source they can rely on in the New Jersey community.”

While New Jersey’s Medicinal Cannabis Program has been live since 2012, legal recreational cannabis sales in the state launched on April 21, 2022, nearly totaling $1.9 million the first day. In the initial ten weeks, the market quickly hit $80 million in legal sales and reached $4.6 million in tax revenue, according to New Jersey’s Cannabis Regulatory Commission.

“Unity Rd. strives to empower entrepreneurs who understand the intricacies that come with cannabis but also believe in the potential benefits and growth opportunities that the space brings to the table,” said CEO of Unity Rd., Mike Weinberger. “Being able to enter the market with a devoted local entrepreneur such as Dishen, who understands the inner workings of the business model, will streamline the process of operating a compliant and successful cannabis business, while positively impacting the community.

Patel joins three additional entrepreneurial groups that have signed agreements with the Company to develop Unity Rd. shops across New Jersey and are currently in various stages of development.

Weinberger added, “As the market for legal cannabis continues to grow, aspiring entrepreneurs are witnessing the birth of an entirely new industry filled with incredible opportunities, but the chance to get in early will not last forever.”

Cannabis is a highly regulated industry with laws that differ from state-to-state and change day-by-day. These market conditions make it next-to-impossible for industry newcomers to enter – let alone operate a successful business. Unity Rd. breaks down these barriers, helping independent business owners bring the benefits of the growing industry to their hometown to strengthen their communities, invest in local programs and build a legacy.

To learn more about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.com.

ABOUT UNITY RD.

Unity Rd., the cannabis dispensary franchise from Item 9 Labs Corp., is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has four shops open across the U.S. along with multiple agreements signed with 20 entrepreneurial groups who are developing the brand in 10-plus states. In 2021, Unity Rd. became the first member of its kind to join the International Franchise Association (IFA), solidifying its position as the first true cannabis dispensary franchise in the U.S. The franchise was also named one of the “Best Cannabis Companies to Work For” in the dispensary category for Cannabis Business Times’ 2022 and 2020 lists. For more information, visit unityrd.com.

16 12, 2022

Item 9 Labs Corp.’s Dispensary Brand Strengthens East Coast Footprint with First New Jersey Shop

2022-12-16T10:23:52-05:00December 16th, 2022|Tags: , , , , , , |

  • Local Entrepreneur Awarded Recreational Business License for Unity Rd. Cannabis Dispensary in Franklin Township in Somerset County, N.J.
  • New Development Brings Unity Rd. Footprint To Four U.S. States and Into the Northeast Region.

FRANKLIN TOWNSHIP, N.J.Item 9 Labs Corp. (OTCQX: INLB)—a vertically integrated U.S. cannabis franchisor and operator—announced today that its dispensary franchise, Unity Rd., is expanding its footprint with a new store in Franklin Township in Somerset County, N.J. This marks the fourth U.S. state for the burgeoning cannabis retail brand, and it is anticipated to be the first location to open on the East Coast.

The local Unity Rd. shop owner, Dishen Patel, received approval from the state of New Jersey and municipality of Franklin Township in Somerset County for a recreational business license. This approval is among the first licenses the state has awarded, outside of existing medicinal cannabis businesses that were converted after the recreational sale of cannabis was legalized in New Jersey. The entrepreneur has deep experience in private equity investing in consumer-driven brands, including several restaurant concepts with a franchise infrastructure.

The Company signed a licensing agreement with Patel as a vendor contractor, stating that Item 9 Labs Corp. will provide him with consulting services across real estate, licensing, compliance, operations, product procurement and marketing, among others. The Company’s Unity Rd. team is aiding him through every step of the process of opening his cannabis retail store, setting him up to confidently operate a compliant cannabis business in his local community.

“Introducing our Unity Rd. brand to New Jersey represents another company milestone. Not only will we be entering a new cannabis market, but we are expanding our footprint in a high-population region that is increasingly supporting legalization,” said Item 9 Labs Corp. CEO, Mike Weinberger. “We believe that as the New Jersey adult-use cannabis market continues to take off, the industry will reflect positively on the state’s economy and residents.”

New Jersey’s recreational cannabis reform bills were signed into law on February 22, 2021, and legal sales began on April 21, 2022. According to New Jersey’s Cannabis Regulatory Commission, recreational sales on the first day of operation reached nearly $1.9 million and rapidly increased to $80 million through the initial 10 weeks. The 2022 MJBiz Factbook projects the market will exceed $2 billion by 2026.

Weinberger continued, “With a population of approximately 8.8 million people and bustling metro areas like New York City and Philadelphia bordering the state, we anticipate the emerging cannabis market will become one of the largest on the East Coast.”

New York and Connecticut are expected to begin adult-use cannabis sales in 2023 and several other Northeastern states are poised to push reform forward. With the region representing over 16 percent of the U.S. population, increased legalization will be a significant growth driver for the cannabis industry.

Patel joins three additional entrepreneurial groups that have signed agreements with the Company to develop Unity Rd. shops across New Jersey and are currently in various stages of development.

For more information about Item 9 Labs Corp. and its brands, visit item9labscorp.com.

ABOUT ITEM 9 LABS CORP.

Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both 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 the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency and well-being. Headquartered in Arizona, the company is currently expanding its operations space up to 640,000-plus square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional 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, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes 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 news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Item 9 Labs Corp.

ABOUT UNITY RD.

Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has four shops open across the U.S. along with multiple agreements signed with 20 entrepreneurial groups who are developing the brand in 10-plus states. In 2021, Unity Rd. became the first member of its kind to join the International Franchise Association (IFA), solidifying its position as the first true cannabis dispensary franchise in the U.S. The franchise was also named one of the “Best Cannabis Companies to Work For” in the dispensary category for Cannabis Business Times’ 2022 and 2020 lists. For more information, visit unityrd.com.

7 09, 2022

Leading U.S. Cannabis Franchise Fuels 2022 Growth With New Market Expansion and Pending Transformative Acquisition

2022-09-07T15:38:32-04:00September 7th, 2022|Tags: , , , , , , |

Unity Rd. Revs Up For Record-Setting Year and Developing International Expansion.

PHOENIXUnity Rd., the first true national cannabis dispensary franchise in the U.S., has hit record-breaking milestones in 2022. From a pending acquisition that will expand the brand into the world’s second largest cannabis market to opening three new shops and being recognized as one of the ‘Best Cannabis Companies to Work For’ by a leading industry publication, Unity Rd. is set to close out the 2022 calendar year with remarkable growth throughout the U.S. and beyond.

“This year has been filled with impressive development milestones that have put us on the fast-track to becoming one of the largest cannabis retail franchisors in the world,” said Unity Rd. Chief Franchise Officer, Mike Weinberger. “Our goal is to keep dispensary ownership local by aiding passionate entrepreneurs in entering the complex space with confidence – ultimately, offering a trusted local cannabis source to their communities.”

The cannabis dispensary franchise accomplished the following milestones:

  • Transformative Acquisition will Create the Largest, Global and Publicly Traded Cannabis Franchise Company: Recently, Unity Rd.’s parent company, Item 9 Labs Corp., signed a definitive agreement to acquire Sessions Cannabis (“Sessions”), one of Canada’s largest cannabis retail franchisors. Through this transformative deal, the Company will become the largest global cannabis franchisor. Sessions currently has 44 stores throughout the Province of Ontario with 15-plus multi-unit franchisees and has multiple openings planned for the remainder of the year in prime retail locations. Item 9 Labs Corp. anticipates closing the acquisition this fall.

  • Unity Rd. Becomes First Non-Tribal, State-Licensed Medical Cannabis Establishment in South Dakota: In July 2022, the Unity Rd. team supported local entrepreneurs, B.J. Olson and Adam Jorgensen in making history by opening the first non-tribal, state-licensed medical cannabis establishment in South Dakota, located in Hartford near the state’s largest city of Sioux Falls.

  • Colorado Expansion Continues With Second Shop Open and More in Development: Unity Rd. continues to expand its footprint in Colorado with development throughout the Denver market. In July 2022, the marijuana franchise opened its first shop in the market, located in the North Denver area, and shortly later secured license approval for a dispensary near the Cherry Creek neighborhood. In March, Item 9 Labs Corp. announced it signed an Asset Purchase Agreement (“APA”) to acquire The Herbal Cure, a medicinal and recreational dispensary and cultivator operating in the Washington Park neighborhood of Denver. The shop will be rebranded to Unity Rd. within six months of closing the acquisition and will eventually become the brand’s flagship location.

  • Dispensary Franchise Signs First Partner in Local Alliance Program: In January, Unity Rd. signed its first partner through its Local Alliance Program – a program created for existing dispensary owners and license holders to gain direct access to the buying power, resources and supportive network of a national brand. Located in Oklahoma City, Okla., the shop is currently in the process of being fully rebranded to Unity Rd.

  • Unity Rd. Named a ‘Best Cannabis Company to Work For’: Unity Rd. continues to prove it is a trailblazer in the cannabis industry through notable awards. The franchise brand was recognized in March 2022 as one of the ‘Best Cannabis Companies to Work For’ in the dispensary category on Cannabis Business Times‘ 2022 list. This was the company’s second time ranking in the top 10 of the list.

Industry newcomers have deemed Unity Rd. the go-to franchise opportunity for entering and navigating the complex $25 billion cannabis industry. The dispensary franchise is actively seeking qualified partners across the U.S. who would benefit from the systems, processes and ongoing support its team provides.

For more information about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.com.

ABOUT UNITY RD.

Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has four shops open across the U.S. along with multiple agreements signed with 20 entrepreneurial groups who are developing the brand in 10-plus states. In 2021, Unity Rd. became the first member of its kind to join the International Franchise Association (IFA), solidifying its position as the first true cannabis dispensary franchise in the U.S. The franchise was also named one of the “Best Cannabis Companies to Work For” in the dispensary category for Cannabis Business Times’ 2022 and 2020 lists. For more information, visit unityrd.com.

26 07, 2022

Unity Rd. Opens First Medical Cannabis Establishment in South Dakota

2022-07-26T09:31:45-04:00July 26th, 2022|Tags: , , , , , , |

– Local Go-To Cannabis Shop Serving Patient Card Holders of Hartford and Beyond.

– Local Owners, B.J. Olson and Adam Jorgensen Focused on Educating Community About Cannabis.

SIOUX FALLS, S.D. — Unity Rd., the national cannabis dispensary franchise from Item 9 Labs Corp. (OTCQX: INLB), is opening South Dakota’s first medical cannabis establishment on Wednesday, July 27 with local entrepreneurs, B.J. Olson and Adam Jorgensen. The new shop is located in the Sioux Falls suburb of Hartford at 404 West Opal Lane.

South Dakota natives and best buds, Jorgensen and Olson bring a combined 40-plus years of experience in wireless technology, retail and business entrepreneurship. After witnessing the power of medical cannabis, the duo wanted to share this with those in need in the local community by opening their own medical cannabis establishment with Unity Rd.

“Adam and I have dreamed of having our own business together for a very long time. We are true believers in the benefits of cannabis and knew this was always the path for us,” said Olson. “We were very intentional in seeking out our partnership with Unity Rd. Even with our combined retail backgrounds, we knew we would need additional support and resources to navigate the complexities of the industry. Unity Rd. has been instrumental to our success in opening a medical cannabis establishment in South Dakota and we know they have our best interest at heart.”

Unity Rd. is a collective of locally owned and operated cannabis shops with the mission to inspire confidence in the benefits of cannabis for all, while keeping the door to dispensary ownership open to everyday entrepreneurs.

From offering a curated cannabis experience that is focused on local patients to hiring local talent, the Hartford shop is engrained in its community and allows for a culture unique to the neighborhood to shine through. Patients can expect the highest quality medical cannabis products available, continuously evolving as the emerging market grows. The shop’s approachable and welcoming team members have gone through a robust training program and will be consistently staying up to date on the latest industry trends and product knowledge. Focused on serving a consistent experience with an enlightening, education-first approach, the Hartford shop supports all patients who walk through their doors.

“Being born and raised here, we see ourselves as a true community partner,” said Jorgensen. “We are proud that the process of building our establishment from the ground up was through local Sioux Falls or South Dakota businesses, and nearly half of our team are Hartford residents themselves. B.J. and I are dedicated to educating patient card holders on our medical cannabis products as well as becoming even more involved in our community.”

South Dakota legalized medical cannabis in July 2021 by a ballot initiative in November 2020. Since the local reform, the state has seen positive activity related to cannabis. State residents began applying for medical cannabis patient cards on January 1, 2022, and currently have more than 1,700 approved applications in the South Dakota Medical Cannabis Program. As of July 25, 2022, The Department of Health (DOH) reports that more than 130 South Dakota physicians have been approved to recommend medical cannabis to their patients.

“Opening the first dispensary in my home state is an impressive feat that I’m proud our team and local entrepreneurs have been able to achieve,” added Andrew Bowden, CEO of Item 9 Labs Corp. and former Sioux Falls resident.

“We strive to expand our national community of Unity Rd. shops with owners who are engrained in their communities, and are honored to partner with exceptional entrepreneurs like B.J. and Adam on this milestone opening of the first medical cannabis establishment in South Dakota as well as the first Unity Rd. shop in the state,” shared Mike Weinberger, chief franchise officer of Unity Rd.

Unity Rd. Hartford will be open special hours the first few weeks: Wednesday-Saturday from noon to 8 p.m., Sunday from noon to 6 p.m. and closed on Monday and Tuesday. To learn more about the local go-to cannabis shop, call 605-88-UNITY or visit https://www.unityrd.com/locations/sd/hartford/1404wopallane.

ABOUT UNITY RD. :

Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has three shops open across the U.S. along with multiple agreements signed with 20 entrepreneurial groups across the country who are developing the brand across 10-plus states. In 2021, Unity Rd. became the first member of its kind to join the International Franchise Association (IFA), solidifying its position as the first true cannabis dispensary franchise in the U.S. The franchise was also named one of the “Best Cannabis Companies to Work For” in the dispensary category for Cannabis Business Times’ 2022 and 2020 lists. For more information, visit unityrd.com.

12 07, 2022

Significant Colorado Expansion Propels Unity Rd. Into Next Phase of Statewide Growth

2022-07-12T09:17:10-04:00July 12th, 2022|Tags: , , , , , , |

– Cannabis Dispensary Franchise Secures Dispensary License for New Shop Near Cherry Creek Neighborhood of Denver.

– Unity Rd. Brand Hits Momentous Stride With M&A Activity Ramping Up in Colorado Market.

DENVERUnity Rd., the first true national cannabis dispensary franchise in the U.S. from Item 9 Labs Corp. (OTCQX: INLB), is experiencing rapid growth across Colorado with four shops now open or in various stages of development.

The Unity Rd. brand first entered the Colorado market in June 2021 with Unity Rd.’s first franchise partners, Nate and Bruce Wetzel. Next up for the fast-growing cannabis franchise is a corporate shop located at 6101 N. Washington St. in Denver. The North Denver Unity Rd. will be opening this week with a grand opening slated for later this Summer.

“Our goal in Colorado and the greater Denver area is to make Unity Rd. the market’s go-to local neighborhood cannabis shop,” said Andrew Bowden, chief executive officer of Item 9 Labs Corp.

The cannabis dispensary franchise recently helped its local partner secure license approval for a dispensary near the Cherry Creek neighborhood of Denver. The future Unity Rd. shop is in an influential commercial and residential district that famously was one of the greatest landmarks for entertainment and nightlife, surrounded by shopping centers, historic beauty such as Four Mile Historic Park and Denver’s greenery all around. Unity Rd. is currently awaiting local approval on the license and has build-out plans in place for the retail storefront. It anticipates the location to be fully operational by the end of 2022.

Additionally, Unity Rd.’s parent company signed an Asset Purchase Agreement (the “APA”) in March 2022 to acquire The Herbal Cure, a medicinal and recreational dispensary and cultivator operating in Washington Park. The shop will be rebranded to Unity Rd. within six months of closing the acquisition and eventually become the brand’s flagship location.

As one of the most mature cannabis markets in the U.S., Colorado has been setting records in sales year-over-year since the launch of its adult-use program in January 2014. Since then, Colorado’s adult-use cannabis market has generated $12.2 billion in sales, according to the state’s Department of Revenue. In 2021, Colorado saw one of its highest annual revenue numbers with $2.2 billion generated across both the medical and adult-use markets. It is a prime example of the cannabis industry’s future potential.

“Our goal is to keep dispensary ownership in the hands of local entrepreneurs,” said Unity Rd.’s Chief Franchise Officer Mike Weinberger. “In saturated markets, like Denver, where multi-state operators are beginning to dominate the space, the Unity Rd. franchise opportunity offers existing and prospective cannabis entrepreneurs a viable route to compete. With our proven guidebook, ongoing support and the benefits that come from being part of a larger franchise network, local dispensary entrepreneurs can thrive.”

Unity Rd.’s explosive growth in Colorado further solidifies its position as an industry leader focused on independent entrepreneurs. In the Centennial state, the brand is focusing its expansion efforts on acquisition opportunities for Unity Rd. franchise partners in Denver as well front range and compelling mountain towns.

Industry newcomers have deemed Unity Rd. the go-to franchise opportunity for entering and navigating the complex $25 billion cannabis industry. The marijuana dispensary franchise is actively seeking qualified partners across the U.S. who would benefit from the systems, processes, and ongoing support the franchise offers.

For more information about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.com. For potential merger and acquisition opportunities, contact Mark Busch at acquisitions@item9labs.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, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes 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 news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

ABOUT UNITY RD.

Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with 20 entrepreneurial groups across the country who are developing the brand across 10-plus states. In 2021, Unity Rd. became the first member of its kind to join the International Franchise Association (IFA), solidifying its position as the first true cannabis dispensary franchise in the U.S. The franchise was also named one of the “Best Cannabis Companies to Work For” in the dispensary category for Cannabis Business Times’ 2022 and 2020 lists. 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 delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both 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 the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising, and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency, and well-being. Headquartered in Arizona, the company is currently expanding its operations space by up to 640,000-plus square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional information, visit https://investors.item9labscorp.com/.

5 05, 2022

Item 9 Labs Corp. Expands U.S. Footprint Through Growth of Unity Rd. Dispensary Franchise

2022-05-05T12:55:31-04:00May 5th, 2022|Tags: , , , , , , |

–       Vertically Integrated Cannabis Franchisor and Operator Builds Colorado Retail Footprint Through Acquisitions.

–       Local Unity Rd. Partners Secure Dispensary Licenses in New Mexico and South Dakota Cannabis Programs. 

PHOENIXItem 9 Labs Corp. (OTCQX: INLB) (the “Company”) — a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products — announced the accelerated growth of its dispensary franchise model, Unity Rd. across the U.S. with successful expansion into multiple new markets over the past two months.

Currently, the Company has two dispensaries open in Colorado and Oklahoma with development across another 10 states, driven by more than 20 entrepreneurial groups. Item 9 Labs Corp. anticipates this positive momentum to continue throughout 2022 with a focus on fast-tracking franchise development by supporting Unity Rd. franchise partners in acquiring existing dispensaries in Colorado, among other target markets.

Expansion into New Cannabis Markets

The Company’s Unity Rd. franchise opportunity removes the complexities often associated with entering the cannabis market. Through Unity Rd.’s proven and scalable franchise model, entrepreneurs are afforded seamless entry into the booming industry, along with the support system designed to enable their operation of a successful and compliant dispensary in a market that has legalized medicinal or adult-use cannabis sales. The dedicated team, with a combined 120-plus years of legal cannabis experience, guide franchise partners through every operational function of the business including one of the most challenging hurdles – securing a license.

The Item 9 Labs Corp. team recently assisted two of the brand’s first partners in South Dakota and New Mexico in securing state and local approval to operate in their markets’ cannabis programs. The brand’s South Dakota partners, B.J. Olson and Adam Jorgensen, were awarded a license to open one of the first dispensaries in Hartford, a suburb of Sioux Falls, through the South Dakota Medical Cannabis Program. They broke ground on their shop on February 25, 2022 and anticipate being operational this summer.

Meanwhile, New Mexico recently opened to adult-use cannabis on April 1, 2022, and the market is booming. Dispensaries hit nearly $5.2 million in sales for adult-use cannabis products alone within the first weekend, according to the Office of Governor Michelle Lujan Grisham. Unity Rd.’s New Mexico partner was recently awarded three licenses by the state and plans to open his first shop in Ruidoso with two additional cities to follow.

“The relationship between us and our local partners is mutually beneficial, as we together leverage a proven and highly scalable business. We have worked hard to create a repeatable road map that allows eager cannabis entrepreneurs a direct and de-risked route into the complex U.S. cannabis market,” said CEO of Item 9 Labs Corp., Andrew Bowden, adding that the market is set to hit $50 billion in revenue by 2025.

“The recent momentum of our one-of-a-kind franchise model is a testament to the support our team provides our franchise partners,” Bowden continued. “With increased legalization and acceptance of cannabis, we anticipate building on top of our recent successes and furthering our national footprint.”

The Company is also in the midst of rebranding the Unity Rd. shop in Oklahoma City and anticipates a grand opening celebration this summer.

Accelerating National Footprint Through Acquisitions

Item 9 Labs Corp. is actively growing the Unity Rd. national footprint through accretive acquisitions of existing dispensaries that will be converted into Unity Rd. shops and has had recent activity in the Denver market. In early March, the Company closed its acquisition of an existing dispensary retail license and storefront in Adams County, Colorado. This will be the brand’s first corporate-owned shop and is anticipated to open this June. Item 9 Labs Corp. also signed an Asset Purchase Agreement (the “APA”) with The Herbal Cure, a medicinal and recreational dispensary and cultivator operating in the desirable Washington Park neighborhood of Denver. The dispensary generated revenues of $5.4 million last year and will be Unity Rd.’s first future flagship location. The space offers 5,000 square-feet for retail operations, corporate offices and team training as well as a 3,000 square-foot medicinal and recreational cultivation. Item 9 Labs Corp. anticipates the dispensary to be transitioned over to Unity Rd., within six months of closing the acquisition, which is currently awaiting regulatory approval by Colorado’s Marijuana Enforcement Division (the “MED”) and the City of Denver.

“The new market expansion we are seeing on the retail side, will also propel our award-winning cannabis product brand further,” said Bowden, speaking to the Company’s overall national strategy to first enter with the Unity Rd. retail brand and follow with Item 9 Labs products. “Bringing our products to markets where Unity Rd. shops are located gives franchise partners front-of-the-line access to a reliable product supply chain. With our products owning more of the shelf space in Unity Rd. shops, we are driving additional sales across multiple revenue verticals, all to our benefit, as well as our franchise partners and our shareholders.”

Item 9 Labs Corp. is also seeking opportunities to acquire, develop or partner with cultivation and production facilities in markets where there are two to three Unity Rd. shops. Currently, the Company is focusing product expansion efforts on states, such as Colorado, to ease new market product entry and focus operations.

Invest in Item 9 Labs Corp. at KeepCannabisLocal.com. For more information about the Company and its brands, 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, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes 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 news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

About Item 9 Labs Corp.

Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both 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 the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising, and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency, and well-being. Headquartered in Arizona, the company is currently expanding its operations space by up to 640,000-plus square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional information, visit https://investors.item9labscorp.com/.

11 04, 2022

Unity Rd. Partners Awarded Medical Cannabis Establishment Registration Certificate in South Dakota

2022-04-11T10:51:10-04:00April 11th, 2022|Tags: , , , , , , |

Local Partners Kick Off Development with Groundbreaking for One of the First Establishments in Hartford; Cannabis Dispensary Franchise Now Developing in 10-Plus U.S. Markets

SIOUX FALLS, S.D.Unity Rd., the national cannabis dispensary franchise from Item 9 Labs Corp. (OTCQX: INLB), announced today that the brand’s first partners in South Dakota have received approval from Hartford, a suburb of Sioux Falls and the state for a registration certificate to operate a medical cannabis establishment in the South Dakota Medical Cannabis Program. Local entrepreneurs, B.J. Olson and Adam Jorgensen officially broke ground on their Hartford medical cannabis establishment at 404 West Opal Lane on February 25, 2022 and anticipate the shop will open this summer.

Prior to partnering with Unity Rd., Olson was a multi-unit franchisee in the technology repair space and has an impressive entrepreneurial background that spans across various industries including wireless technology, retail and clothing. Jorgensen has also spent the past 20-plus years in the wireless technology industry, where he led and supported sales teams at two Fortune 50 companies.

“Partnering with Unity Rd. was a given for us,” explained Olson. “Though I have a deep entrepreneurial background and experience in retail, I know operating a cannabis establishment adds a significant level of intricacies to navigate. Unity Rd. paves a path for entry into the cannabis industry and offers us the knowledge, resources and support we need to thrive compliantly in our market.”

Olson and Jorgensen are true believers in the power of cannabis, both directly experiencing the medicinal benefits of the plant first-hand.

“Educating our community about cannabis is our top priority. We want to make sure our neighbors have the best experience possible with the plant.” Jorgensen added. “Our Unity Rd. shop will be their go-to local resource they can rely on to find the right products.”

With state and city approval, the medical cannabis establishment will be one of first of three in Hartford. South Dakota residents began applying for medical cannabis patient cards on November 8, 2021, and currently there are a few hundred card holders in the program. As the state continues to award cultivation and registration certificates simultaneously, Unity Rd. is assisting Olson and Jorgensen in keeping close contact with cultivators in the new cannabis market. The team anticipates that initial crops will be harvested and tested throughout the summer.

Expansion into South Dakota marks 11 states, from coast-to-coast, where Unity Rd. has signed agreements with dedicated entrepreneurial groups who are in various stages of development.

“Unity Rd. represents the intersection where local business ownership meets cannabis,” said Mike Weinberger, chief franchise officer at Unity Rd. “As we continue to rapidly grow in new markets across the U.S., we search for passionate partners such as B.J. and Adam to bring onto our team, who understand the benefits of cannabis first-hand and want to tap their entrepreneurial backgrounds into a complex, yet budding industry.”

Unity Rd. offers one of the safest routes for cannabis entrepreneurs interested in staking their claim in an industry that is bursting with potential. The dispensary franchise’s time-tested Standard Operating Procedures (SOPs) and experienced team, with a combined 200-plus years in cannabis and franchising, guide franchise partners through every operational function of the business, whether it be securing a license or assisting with cash flow, product selection or changing regulations.

Industry newcomers have deemed Unity Rd. the go-to franchise opportunity for entering and navigating the complex cannabis industry. The marijuana dispensary franchise is actively seeking qualified partners who would benefit from the systems, processes, and ongoing support the franchise offers. Currently, Unity Rd. has multiple agreements signed with 20 entrepreneurial groups.

To learn more about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.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, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes 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 news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

ABOUT UNITY RD.
Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with 20 entrepreneurial groups across the country who are developing the brand across 10-plus states. In 2021, Unity Rd. became the first member of its kind to join the International Franchise Association (IFA), solidifying its position as the first true cannabis dispensary franchise in the U.S. The franchise was also named one of the “Best Cannabis Companies to Work For” in the dispensary category for Cannabis Business Times’ 2022 and 2020 lists. 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 delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both 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 the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising, and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency, and well-being. Headquartered in Arizona, the company is currently expanding its operations space by up to 640,000 square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional information, visit item9labscorp.com.

22 03, 2022

Unity Rd. Breaks Into New Mexico With Multi-Unit Signed Agreement

2022-03-22T17:20:22-04:00March 22nd, 2022|Tags: , , , , , , |

3-Unit Agreement Marks 20th Entrepreneurial Group to Join the Cannabis Dispensary Franchise and Accelerates Nationwide Development With Entrance Into New State; Local Partners Awarded Three Dispensary Licenses by the State of New Mexico.

RUIDOSO, N.M.Unity Rd., the national cannabis dispensary franchise from Item 9 Labs Corp. (OTCQX: INLB), announced today the signing of an agreement that will bring three shops to New Mexico, further solidifying its position as a fast-growing leader in cannabis franchising. Behind the agreement is serial entrepreneur, Joe Hernandez and his business partner, who mark the franchise’s 20th entrepreneurial group to join and first partners in New Mexico. Unity Rd. recently helped the duo secure state approval for dispensary licenses of all three shops and will be assisting the team in moving forward with development.

Hernandez brings more than 25 years of combined real estate investment and business management experience to the table, and has owned several businesses in the transportation, insurance and home services industries across multiple states. He and his partner plan to open three dispensaries throughout New Mexico. They currently have confirmed local city approval in Ruidoso and are awaiting approval from two additional cities for development.

“We have been looking to enter the cannabis space for the past few years but knew we first needed to find an experienced and knowledgeable partner to help us navigate licensing, operations and compliance,” said Hernandez. “Unity Rd. is the first of its kind to help entrepreneurs like us enter a new cannabis market with a head start. Their proven systems, training and ongoing support is the perfect solution we need to navigate the delicate and complex industry.”

The future shops are poised for success with the state’s legalization of adult-use cannabis in 2021 and market opening later this year. Entrance into New Mexico marks 10 states, from coast-to-coast, where Unity Rd. partners are in various stages of development – fulfilling the dispensary franchise’s mission to keep dispensary ownership local.

“Entrepreneurs like Joe and his partner see the value of cannabis, its benefits and the booming path the industry is headed,” shared Item 9 Labs Corp. CEO, Andrew Bowden. “With the rise in legalization across the country, we are making moves to keep dispensary ownership local, while providing support to owners through the backing of a national franchise system. Their entrepreneurial spirit and professional background will support Unity Rd.’s continued growth and our mission within New Mexico communities.”

Unity Rd.’s goal is to inspire confidence in the benefits of cannabis for all. The growing retail franchise offers a direct route for cannabis entrepreneurs interested in staking their claim in an industry that is bursting with potential. The dispensary franchisor’s time-tested Standard Operating Procedures (SOPs) and experienced team, with 200-plus years of combined cannabis and franchising experience, guide franchise partners through every operational function of the business – from securing a license to assisting with cash flow, product selection or changing regulations.

“Unity Rd. is the intersection where independent business ownership meets cannabis,” added Mike Weinberger, chief franchise officer at Unity Rd. “We anticipate continued development of the Unity Rd. brand in New Mexico with like-minded entrepreneurs who are interested in entering the state at the start of its adult-use program.”

Industry newcomers have deemed Unity Rd. the go-to franchise opportunity for entering and navigating the complex cannabis industry. The dispensary franchise is actively seeking qualified franchise partners throughout the U.S. who would benefit from the systems, processes and ongoing support the franchise offers.

To learn more about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.com.

ABOUT UNITY RD.

Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with 20 entrepreneurial groups across the country. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the “Best Cannabis Companies to Work For” in both the dispensary and cultivation categories in Cannabis Business Times’ elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award. For more information, visit unityrd.com.

22 02, 2022

Unity Rd.’s Chief Franchise Officer to Present at International Franchise Association’s 2022 Convention

2022-02-22T09:35:26-05:00February 22nd, 2022|Tags: , , , , , , |

Dispensary Franchise Represents First of Its Kind at Annual Event, Presents on the Value of the Franchise Business Model.

PHOENIX — Unity Rd., the first true vertically integrated cannabis dispensary franchise from Item 9 Labs Corp. (OTCQX: INLB), continues to establish itself as a rising trailblazer in franchising. The first brand of its kind to become an International Franchise Association (IFA) member, Chief Franchise Officer Mike Weinberger will be presenting on Sunday, February 27 at 10:30 a.m. PST in the ‘Education Track’ of the organization’s annual convention.

Weinberger’s presentation, “Cannabis and Franchising: The Perfect Match,” will share insight on how franchising has made its way into cannabis, providing attendees with an inside look at the roadmap to franchising this type of concept, the value it brings to franchising and future industry growth.

“The franchise business model has proven itself to help current and future entrepreneurs succeed across various industries, but there has been little to no true presence from the cannabis industry in franchising until recently,” said Weinberger, who has 20 years of franchising experience. “Sharing thought leadership and industry trends in the rapidly evolving cannabis industry at the IFA Convention is an important step in educating industry leaders and acknowledges society’s increasing acceptance of cannabis enterprises.”

The brand’s Vice President of Communications, Jayne Levy, is also facilitating a Thought Leadership Roundtable session on the topic “Building Your Brand: For the Start-Up Franchisor.”

The IFA’s Annual Convention is regarded as the most prestigious event for the franchise community and geared toward new and existing franchisors, franchisees and suppliers. The conference provides them with the latest news in the industry and helps build a community with others to match unique learning styles for potential growth and to maximize business development. In addition to Unity Rd., attendees will have the opportunity to hear from other franchise leaders such as Marco’s Pizza and Unleashed Brands.

“Cannabis is a 25-plus billion dollar a year industry that is still in its infancy,” added Levy. “IFA’s Annual Convention is the perfect opportunity for us to share the economic value of franchising brings and why now is the right time to get involved in the rapidly growing space. The franchise model is the solution to keeping dispensary ownership local and Unity Rd. is the one leading the charge.”

Unity Rd. is the first to truly franchise cannabis dispensaries on a national scale in the U.S. Launched in 2018, the cannabis franchise has franchised shops in operation in Boulder, Colorado and Oklahoma City, Oklahoma and multiple agreements signed with nearly 20 entrepreneurial groups who are in various stages of development nationwide.

The complexities of operating a cannabis business make it difficult for small, independent dispensaries to understand and stay on top of all the varying regulations and everyday challenges of managing and operating a compliant and successful dispensary. The Unity Rd. franchise opportunity provides a solution for industry newcomers and small, locally owned and operated dispensaries to compliantly thrive, thanks to the robust backing and support of a national franchise.

The dispensary franchise is actively seeking qualified partners who would benefit from the systems, processes and ongoing support the franchise offers. To learn more about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.com.

ABOUT THE INTERNATIONAL FRANCHISE ASSOCIATION
Celebrating over 60 years of excellence, education, and advocacy, the International Franchise Association (IFA) is the world’s oldest and largest organization representing franchising worldwide. IFA works through its government relations and public policy, media relations, and educational programs to protect, enhance and promote franchising and the approximately 775,000 franchise establishments that support nearly 8.2 million direct jobs, $787.7 billion of economic output for the U.S. economy, and almost 3 percent of the Gross Domestic Product (GDP). IFA members include franchise companies in over 300 different business format categories, individual franchisees, and companies that support the industry in marketing, law, technology, and business development.

ABOUT UNITY RD.

Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with nearly 20 entrepreneurial groups across the country. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the “Best Cannabis Companies to Work For” in both the dispensary and cultivation categories in Cannabis Business Times’ elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award. For more information, visit unityrd.com.

14 02, 2022

Unity Rd. Gears Up for Banner Year of Signings, Acquisitions and Openings

2022-02-14T10:13:38-05:00February 14th, 2022|Tags: , , , , , , |

Cannabis Dispensary Franchise Primed for Record Growth After Successful 2021 with Eight New Partners Expanding the Brand Across Six New States.

PHOENIXUnity Rd., the cannabis dispensary franchise from Item 9 Labs Corp. (OTCQX: INLB), is prepped for momentous growth with new franchise partners, acquisitions and openings. After a successful year of eight signed agreements for expansion into six new states, the brand is well-positioned to build off this performance in an optimistic 2022.

Maine, Michigan, New Jersey, South Dakota, and Virginia were some of the states to see franchise growth in 2021 – and the industry itself grew with five more states legalizing either medicinal or adult-use cannabis last year. With several states preparing to legalize cannabis through legislative bills and ballot measures this year, more opportunities will soon be available and market forecasts show U.S. cannabis sales will reach $50 billion by 2026.

“Cannabis is one of the fastest-growing industries in the world and we are at the forefront, as a pioneer leading the charge,” said Andrew Bowden, CEO of Item 9 Labs Corp. “Heading into 2022, we believe all our efforts will accelerate as we see licenses and permits go through and new Unity Rd. openings taking place nationwide.”

A major brand milestone was hit in June with the opening of Unity Rd.’s first cannabis franchise shop in Boulder, Colorado owned by a father-and-son team. Stacked with a roster of strong development, Unity Rd. also solidified deals in New Jersey and Virginia, while announcing its expansion throughout Maine, and most recently signed its first agreement in South Dakota.

Another success the franchise company saw last year was the launch of a national dispensary acquisition program which offers a solution for prospective entrepreneurs seeking immediate entry into the cannabis industry. Through corporate acquisitions, this program converts dispensaries into Unity Rd. shops that can be sold to an existing or future franchise partner. This initiative allows for another avenue to keep cannabis dispensary ownership local, which is at the core of Unity Rd.’s mission and will be a key focal point this year.

In October, Item 9 Labs Corp. executed an Asset Purchase Agreement for the first shop in this program, an existing dispensary license and storefront in Adams County, Colorado. The company is currently awaiting regulatory approval by Colorado’s Marijuana Enforcement Division (the “MED”) and expects the shop to be operational in the first half of 2022.

“We truly strengthened our foundation this past year, and now we will continue to educate and build awareness of our franchise opportunity,” added Unity Rd.’s Chief Franchise Officer Mike Weinberger. “We have seen increased interest from prospective franchise partners and are starting to open more shops, but we are not taking our pedal off the gas because more entrepreneurs need to know that the complex cannabis industry and franchising can exist as one – and that is Unity Rd.”

An industry trailblazer, Unity Rd. has set the stage 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 place on Franchise Dictionary Magazine’s TOP 100 Game Changers for 2021 and Franchise Journal Magazine’s list of 2021 Top Brands.

Unity Rd. offers a guided route for cannabis entrepreneurs looking to enter and navigate the complex cannabis industry. The dispensary franchise’s time-tested Standard Operating Procedures (SOPs) and dedicated team, with a combined 120+ years of cannabis experience, direct franchise partners through every operational function of the business, whether it be securing a license or assisting with cash flow, product selection or changing regulations. The marijuana dispensary franchise is actively seeking qualified partners who would benefit from the systems, processes and ongoing support the franchise offers. Currently, Unity Rd. has multiple agreements signed with nearly 20 entrepreneurial groups who are in various stages of development nationwide.

To learn more about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.com.

About Item 9 Labs Corp.
Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both 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 the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising, and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency, and well-being. Headquartered in Arizona, the company is currently expanding its operations space up to 640,000+ square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional 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, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes 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 news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Unity Rd.

About Unity Rd.

Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with nearly 20 entrepreneurial groups across the country. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the “Best Cannabis Companies to Work For” in both the dispensary and cultivation categories in Cannabis Business Times’ elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award. For more information, visit unityrd.com.