UC Asset Signed MOU with Tenant to Build 8000 sq ft Cannabis Property
According to the MOU, the tenant agrees to rent the property from UC Asset for a monthly payment of $20,000, upon completion of its construction.
- According to the MOU, the tenant agrees to rent the property from UC Asset for a monthly payment of $20,000, upon completion of its construction.
- The tenant, Nuggetry/MOAB LLC, is a licensed medical cannabis grower based in the State of Oklahoma, is not affiliated to UC Asset, and has no other business relationship with UC Asset.
- If built, this property will become the second cannabis property owned by UC Asset.
- In May 2023, UC Asset acquired 50% ownership of a15,000 sq ft cannabis property for a consideration of $1.6 million.