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UC Asset LP

UCASU drops public offering plan and focuses on profit growth after $0.12 per share net income

  ATLANTA, GA, July 29, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announces today that the company will adjust its business strategy for the next 12 months, focusing on cash income and profit growth, instead of capital formation. UC Asset announced that it was seeking for an up-list to NYSE American or NASDAQ Small Cap, combined with a secondary public offering of approximately $10-30 million. The company confirms today that it is no longer the primary business goal for the next...

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UCASU sent out dividend checks to all shareholders that hold free tradable shares

  ATLANTA, GA, June 13, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) UC Asset LP (OTCQX: UCASU) announced today that all dividend checks to shareholders who held free tradable USASU shares by the end of 2021 have been processed and are expected to be mailed out in days. Shareholders should have received their checks before the end of this month. If not, they should contact the company at IR@ucasset.com. This applies to all shareholders who purchased UCASU shares from the open...

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UCASU to expand with cannabis properties in New York State

  ATLANTA, GA, June 01, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced today the company is aggressively seeking cannabis property opportunities in the state of New York, by partnering with licensed local growers, vendors and other cannabis license holders. In the fourth quarter of 2021, UCASU rolled out a new business investment strategy highlighting interest in retaining cannabis properties to duplicate the success of other public companies, such as Power REIT (NYSE: PW)....

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UCASU announces 1st phase of renovations on Atlanta-based historical landmark

  ATLANTA, GA, May 25, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced that it has been granted a permit by the city of Atlanta to start the first phase of renovations on the historic Rufus Rose House. “We’ve been looking forward to starting the restoration process,” says Greg Bankston, managing general partner of UC Asset. “Under this permit we will repair the power lines and install a temporary power pole. This will enable us to restore electricity to the property and...

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UCASU to deliver $0.10/share dividend in coming weeks out of $0.12/share net profit

  ATLANTA, GA, May 17, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announces that it will start to deliver $0.10/share dividend for its shareholders who held UCASU common shares by December 31, 2021. “Our shareholders can expect receiving checks in the coming weeks, since our 2021 financial statements have completed being audited, and we have filed our annual report on Form 1-K by the end of last week,” declares Greg Bankston, managing partner of UC Asset. For the year of 2021, UC...

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UCASU projects profit growth despite looming economic recession concerns

  ATLANTA, GA, May 11, 2022 -- McapMediawire -- At a time when many financial analysts are predicting an impending recession, global real estate firm UC Asset (OTCQX: UCASU) is pleased to restate that the company is positioned to deliver considerable profit growth over the upcoming years. “We are of course hoping against the projected recession many financial analysts are forecasting,” says UC Asset founder Larry Wu, “but we are relieved that, due to our forward thinking strategy of...

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UCASU to report 330% net profit growth and 73% operating profit growth for 2021

  ATLANTA, May 5, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) management announces that the company is expected to report better profit results for both its fiscal years of 2021 and 2020, after the Company switched its accounting method from fair market value accounting to historical cost accounting. Particularly, the company is expected to report an operating profit increase of 73% in fiscal year 2021 over fiscal year 2020. During the same period, the company is expected to...

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UCASU to report $0.12/share net profit and $0.15/share net equity increase for 2021

  ATLANTA, April 19, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) management announces that the company will likely report better profit results for both its fiscal years of 2021 and 2020, after the Company switched its accounting method from fair market value accounting to historical cost accounting. “We will likely report a $0.12 per share net income for the fiscal year of 2021, comparing to our previous projection of $0.10 per share profit,” declares Greg Bankston, managing...

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UCASU may report more profits for both 2021 and 2020 upon changing accounting

  ATLANTA, April 4, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) management announces that the company may report better profit results for both its fiscal years of 2021 and 2020, after the Company switched its accounting method from fair market value accounting to historical cost accounting. Previously, the Company reported close to zero profit for fiscal year 2020, and it projected a $0.10 per share operating profit ($0.13 per share net equity gain including the gains from...

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UCASU to partner with seasoned cannabis growers for $50 million cannabis portfolio

  ATLANTA, March 21, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announces the company is launching a program to form investor-grower partnerships with seasoned cannabis growers, who are licensed in their own states to grow hemp, medical cannabis or recreational cannabis plants, to work on UC Asset’s cannabis portfolio properties that are expected to expand to $50 million. “Since we started our cannabis investment strategy in the fourth quarter of last year, we have signed three...

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UCASU announces unaudited $0.13 per share net gain for 2021 and confirms $0.10 per share dividend

  ATLANTA, March 02, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) management team announces that the company’s unaudited financial report shows a $0.13 per share net gain for the year of 2021. This falls into the mid-range of the management’s earlier projection of $0.10-0.15 per share net profit. “Our net equity grew to $1.72 per share pre-dilution by end of the year 2021, from $1.58 per share by end of the year 2020, representing a $0.14 per share net gain over 12 months,” claims...

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UCASU signed LOI to acquire second cannabis property

  ATLANTA, Feb. 01, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced the firm has signed an LOI to acquire a second Oklahoma cannabis property, for a consideration of $440k. The property is a 5-acre licensed cannabis growth facility, including 2 grow buildings and a single wide trailer.     UC Asset has engaged a licensed grower who will likely lease the property once it is officially acquired. According to the grower, operations from this facility may generate a gross...

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UCASU may close its 1st cannabis property at 77% off marked price

  ATLANTA, Jan. 19, 2022 -- McapMediaWire -- UC Asset LP (OTCQX: UCASU) announces the company is finalizing the acquisition of a piece of cannabis property in Oklahoma City, at the price of $500,000, which will be 77% less than the original marked price of $2.2 million. The property is a 4-acre medical marijuana indoor/outdoor property, including several buildings, greenhouses, and remodeled containers. Annual output may generate sales between $500,000 to $900,000 if leased to a seasoned...

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UCASU Confirms Investment In PURA Hemp Operation

ATLANTA, Jan. 14, 2022  -- McapMediaWire -- UC Asset LP (OTCQX: UCASU) management is cautiously optimistic that it may benefit from Puration Inc.'s (OTC Pink: PURA) $10 million revenue projection, which was announced in a press release by PURA. UCASU holds substantial interests in PURA, and is under an umbrella LOI to invest into cannabis properties to be operated by PURA. "We are encouraged to see the optimistic projection by PURA, particularly from operation of its new Farmersville Hemp...

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PURA – UC Asset and PURA Ink $1.3 Million Deal

Dallas, TX, October 21, 2020 – -- Puration, Inc. (OTC PINK: PURA), a lifestyle brand company, and UC Asset (OTCQX: UCASU), a real estate investment and redevelopment company, today announced the execution of a contract for UC Asset to sell Puration a 72-acre farmland parcel located in Farmersville, TX, for a consideration of $1.3 million.       UC Asset, through its wholly owned subsidiary, acquired the farmland at the price of $805,216, in September 2016. As of June 30, 2020,...

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PURA Announces LOI To Acquire Farmersville, Texas Property From UC Asset For $1.3M

Dallas, TX – September 9, 2020 – - Puration, Inc. (OTC PINK: PURA) and UC Asset (OTCQX: UCASU), a real estate investment and redevelopment company, today announced entering into a non-binding Letter of Intent (LOI).  UC Asset, through its wholly-owned subsidiary Atlanta Landsight LLC, agrees to sell its 72 acre farmland located in Farmersville, TX to PURA for total consideration of $1.3 million. UC Asset, through its wholly owned subsidiary, acquired that farmland at the price of $805,216, in...

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