Unity Rd. Exhibiting at 2021 Multi-Unit Franchising Conference as Investors Flock to Cannabis
Dispensary Franchise Provides Low-Risk Entrance to Complex Industry; Brand Provides Ideal Investment Opportunity for Multi-Unit Franchisees as More States Continue to Legalize Cannabis
August 27, 2021 // Franchising.com // LAS VEGAS - Years in the making, Unity Rd. is the only brand to have successfully merged the two complex industries of cannabis and franchising - and now, multi-unit investors are chomping at the bit to get in on the action. The brand announced today that it will exhibit at this year’s Multi-Unit Franchising Conference (Aug. 31 - Sept. 3), allowing for interested investors to get rare facetime with key brand executives. The conference will be held at Caesars Palace on the Las Vegas strip, and feature an impressive roster of speakers and panel topics for both multi-unit franchisees and franchisors to learn from.
Following the launch of the first-ever franchised dispensary in the country, Unity Rd. - the cannabis dispensary franchise from Item 9 Labs Corp. (OTCQX: INLB) - continues to grow its pipeline of agreements, helping both industry newcomers and existing dispensary owners, via its Local Alliance Program, operate their business compliantly and successfully.
“There’s a reason why no one else has successfully brought franchising to cannabis - to say our startup phase was complicated would be an understatement. Now, we have such strong teams, processes and systems, you’d think we’d been doing this for decades,” explains Justin Livingston, VP of Franchise Development at Unity Rd. “It used to be those who were courageous enough to invest could get in. Here at Unity Rd., we want to blow that open and make this opportunity more accessible, especially as we look to make good on our promise of keeping dispensary ownership local. Locking in a multi-unit operating deal in cannabis is something you don’t want to pass up at this stage in the industry. And, when you’ve got our comprehensive knowledge and support, it’s almost unbelievable how straightforward it can be.”
Despite economic challenges brought on by the pandemic, the demand for cannabis products surged to unprecedented levels with nearly every state experiencing record sales throughout the year. By the end of 2021, adult-use and medical cannabis sales in the U.S. are expected to reach between $22 billion - $26.4 billion.
The cannabis industry is notoriously complex, which is why Unity Rd. has developed a streamlined approach to opening a dispensary. The brand’s team boasts a combined 120-plus years of legal cannabis and franchising experience, and provides guidance every step of the way - from securing a dispensary license to managing cash flow and product selection. The veteran team passes on their knowledge and trusted resources, as well as provides the ongoing support needed to compliantly and successfully operate a dispensary.
And now, Unity Rd. franchise partners receive even more resources and supply chain connections as the brand was recently acquired by Item 9 Labs Corp., an award-winning cannabis operator. The combination of the Unity Rd. cannabis retail franchise and premium Item 9 Labs products makes Item 9 Labs Corp. one of the first vertically integrated cannabis franchise companies in the nation. As Unity Rd. grows its franchise network, Item 9 Labs plans to develop or partner with cultivation facilities in states where Unity Rd. franchise partners open cannabis retail shops. This move will give Unity Rd. operators front-of-the-line access to a reliable product supply chain, and it’ll prove to be a game changer for multi-unit franchisees.
About Unity Rd.
Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with more than 15 entrepreneurial groups across the country. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the “Best Cannabis Companies to Work For” in both the dispensary and cultivation categories in Cannabis Business Times’ elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award. For more information, visit unityrd.com.
SOURCE Unity Rd.
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