INLB - Item 9 Labs to merge with U.S. Cannabis Franchisor

Item 9 Labs ([[INLB]] +7.0%) finalized its merger agreement with Colorado based, ONE Cannabis Group and expects to close the merger in January 2021.ONE Cannabis Group, is the parent company to the cannabis dispensary franchise Unity Rd. The cannabis franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and profitably operate a dispensary."The merger with ONE Cannabis Group greatly enhances our business capabilities with its retail distribution and unique franchise operation. Their business model and national network of Unity Rd. franchise partners create highly predictable, recurring revenue streams," says Chief Executive Officer, Andrew Bowden.

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Item 9 Labs to merge with U.S. Cannabis Franchisor