UC Asset LP To Provide Cannabis Real Estate Financing Via PURA Farmersville Hemp Brand COOP

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

UC Asset LP UCASU and Puration, Inc. PURA announced on Thursday that they had signed a letter of intent outlining terms for UCASU to finance the construction of PURA's Farmersville Hemp Brand facilities on PURA's 72-acre property in Farmersville, Texas.

UCASU also plans to provide financing to PURA's Farmersville Hemp Brand partners.

PURA has launched an initiative to build a cooperative of hemp growers and processors under one name, Farmersville Hemp, similar to the way that Sun-Maid Raisins collectively markets for growers all selling under one brand name.

Now, as part of UCASU's recently announced overall strategy to enter the cannabis real estate market, UCASU plans to finance the construction of the Farmersville Hemp Brand facilities. A definitive agreement is anticipated to be completed next week.

In addition, UCASU plans to partner with PURA to offer real estate financing to PURA's Farmersville Hemp Brand partners.

PURA has already established Farmersville Hemp Brand partnerships with North American Cannabis Holdings, Inc. USMJ, PAO Group, Inc. PAOG and Alkame Holdings, Inc. ALKM.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsPenny StocksMarketsReal EstateFarmersvilleHempPURAtxUC Asset LP
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.