ATLANTA, GA, Feb. 07, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) announced today that the company has signed second MOU on its recently announced deal of $4 million cannabis property transaction in the State of Oklahoma. Four weeks ago, UCASU entered into a MOU to acquire a 10,000 square foot cannabis cultivation property using $3 million non-cash payment, and to invest $1 million cash to build extra 5,000 square feet of facility at the same site. The new MOU details on what UCASU...

ATLANTA, GA, Feb. 01, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) management announces that they will cut the company’s overhead by 30-40% for the year of 2023. This is projected to increase the company’s net profit by approximately $200,000 to $300,000. The company set its gross profit goal for the year of 2023 at $1 million. By the end of January, the company has sold a farmland and generated about $550,000 gross profit in cash. Therefore, it has achieved more than half of its...

ATLANTA, GA, January 25, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) management announces that the company has jump-started its plan to up-list to a major exchange, probably NASDAQ or NYSE, after it had put on hold this plan for about six months. “Twelve months ago, we kicked off our campaign for an up-listing, and we had made solid progress toward this goal, before the dramatic change of macro-economy and stock market in general made it undesirable for us to continue the process,”...

ATLANTA, GA, January 18, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) announces today that the company has closed transaction to sell one of its properties, a 72-acre farmland in the metropolitan area of Dallas, Texas, at the final price of $1.91 million. The sale is a cash deal. UC Asset acquired the land in October 2016 for approximately $800,000. It sold the property to a local company at $1.30 million in 2020, only to buy it back one year later, in the spring of 2022, at...

ATLANTA, GA, January 17, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) announced last week that the company entered a MOU to acquire a 10,000 square foot cannabis cultivation property in the State of Oklahoma, through a non-cash acquisition deal. Upon closing of the acquisition, UCASU will invest $1 million to build extra 5,000 square feet of cannabis cultivation facility at the same site. After acquisition, the current operator on the property, Fire Ranch Farm, will continue to...

ATLANTA, GA, January 12, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) announces today that the company has entered a MOU to acquire a 10,000 square foot cannabis cultivation property in the State of Oklahoma, through a non-cash acquisition and investment deal. Upon closing, UCASU will invest $1 million to build extra 5,000 square feet of cannabis cultivation facility on the same spot. The current operator on the property, Fire Ranch Farm, will continue to rent the property from UC...

ATLANTA, GA, January 09, 2023 -- McapMediawire -- UC Asset LP (OTCQB: UCASU) management announces that the company aims to achieve over $1 million gross profit from its operation in the year of 2023, representing a 100% growth from its highest gross profit in previous years. UC Asset had been operationally profitable in previous years, and it had managed to maintain steady growth of gross profit. According to its filings, the company reported gross profit of about $491,000 for the fiscal year...

ATLANTA, GA, December 14, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) confirms today that it has received a building permit from the City of Atlanta to renovate the Rufus Rose House, a historic landmark in downtown Atlanta. “This is the first time in the past two decades that an owner of this legendary property has been able to secure a building permit,” declares Greg Bankston, managing partner of UC Asset. “The property is a national heritage of historic landmarks, and,...