Unified Global ( OTCPK:CHYL ) has signed its first agreement of 2023 out of nine planned acquisition transactions expected to close in the first part of 2023.
These acquisitions are currently generating over $105M in annual revenue from cannabis businesses consisting of dispensaries, manufacturing and cultivation assets.
These include a transaction in Puerto Rico, UGC's planned fourth market.
This first agreement is for a dispensary in Oregon.
UGC will now be submitting for the change in ownership to the regulatory authorities, required prior to closing of the transaction, which is anticipated before the end of Q1/23.
"Despite the cannabis market headwinds of 2022, Unified has identified key assets bringing in additional key executives to our publicly traded Collective to help execute on our rapid growth plan" stated Michael Lamb, Unified's Head of Capital Markets. "
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Unified Global signs acquisitions for 2023 that could generate $105M