Item 9 Labs Corp. Signs Definitive Agreement to Acquire Sessions Cannabis, One of Canada’s Largest Cannabis Retail Franchisors
Transformative Acquisition Creates the Largest, Global and Publicly Traded Cannabis Franchise Company Sessions Cannabis Generates Approximately CA$70 Million in Annual Systemwide Sales With 43 Stores Currently Open Phoenix, AZ – May 25, 2022 — Item 9 Labs Corp. (OTCQX: INLB) (the “Company”) — a vertically integrated cannabis dispensary franchisor and operator that produces […]
Item 9 Labs Corp. to Acquire Colorado Dispensary, Kickstarts National Acquisition Growth Plan
Franchisor of Cannabis Dispensary Franchise, Unity Rd., to Aggressively Expand by Converting Cannabis Retail Stores into Unity Rd. Shops; Company Seeks to Keep Dispensary Ownership Local by Providing Turnkey Investment Opportunities for New and Existing Unity Rd. Franchise Partners PHOENIX (Oct. 7, 2021) – Item 9 Labs Corp. (OTCQX: INLB) (the “Company”)—a vertically integrated […]
Item 9 Labs Achieves Profitability for Second Quarter Fiscal Year 2021, Marking 6 Consecutive Quarters of Revenue Growth
Company reaches quarterly sales of $6.1 million, up 228% year over year and up 101% sequentially First quarter of positive net income in Company’s history fueled by robust market demand, increased brand awareness and improved cannabis production Gross margin improvement from 32% to 49% reflects increased operating efficiencies Completed the acquisition of […]
Item 9 Labs Corp. Closes Acquisition of Leading U.S. Cannabis Dispensary Franchisor
Acquisition of ONE Cannabis Group, Parent Company of Dispensary Franchise Unity Rd., Paves a New Path of Industry Innovation as the Leading National Vertically Integrated Cannabis Franchise Company Phoenix, AZ – March 23, 2021 – Item 9 Labs Corp. (OTCQX: INLB) (“Item 9 Labs” or the “Company”), a vertically integrated cannabis operator that produces […]
Item 9 Labs Reports Record Revenue of $3.0 Million for First Quarter Fiscal Year 2021, Up 98% Year over Year
Revenue growth fueled by strong market demand and increases in cannabis production Gross margin improvement reflects increased operating efficiencies Company is poised for accelerated revenue growth in 2021, driven by adult-use legalization in Arizona, approved expansion plans for cultivation in Arizona, and additional distribution channels through merger with ONE Cannabis Group – parent […]
Item 9 Labs Reports Record Revenue for Fiscal Year 2020
Annual revenue growth of 65% fueled by increases in production and market demand Stage is set for 2021 developments across Arizona cannabis product expansion and new distribution through merger with national dispensary franchise Phoenix, AZ – January 13, 2021 – Item 9 Labs Corp. (OTCQX: INLB) (“Item 9 Labs” or the “Company”), a vertically integrated […]
Item 9 Labs Finalizes Merger Agreement with U.S. Cannabis Franchisor
Expects to Close Merger of ONE Cannabis Group, Parent Company to Dispensary Franchise Unity Rd., in January 2021 Phoenix, AZ – December 16, 2020 – Item 9 Labs Corp. (OTCQX: INLB) (“Item 9 Labs,” or the “Company”), a vertically integrated cannabis operator that produces premium products, announced today that it has finalized its merger […]
Item 9 Labs to Present at The 13th Annual LD Micro Main Event Conference
Phoenix, AZ – December 8, 2020 – Item 9 Labs Corp. (OTCQX:INLB) (“Item 9 Labs,” or the “Company”), a vertically integrated cannabis operator that produces premium products, today announced that it will be presenting at the 13th annual LD Micro Main Event investor conference on Monday, December 14 at 11am EST. Chief Executive Officer Andrew […]
