UC Asset Pronounces Annual Shareholder Assembly to Focus on $1 Million Revenue







UC Asset LP (OTCQB: UCASU) (OTC: UCASU) administration proclaims that firm has scheduled its annual shareholder assembly on March 31, 2023, to debate its 2023 marketing strategy, with which the corporate tasks a gross revenue of roughly $1 million, or, about $0.19 per share.

All shareholders by the 12 months finish of 2022 are eligible to attend the assembly. The assembly will probably be held just about on the Zoom platform, and all eligible attenders will obtain a gathering discover through mail or e-mail.

Amongst different enterprise issues, administration will element the corporate’s plan to additional transition its portfolio from residential properties to hashish cultivation properties. Accordingly, the corporate is launching a marketing campaign to rebrand its portfolio as “Final Hashish Asset”.

Administration additionally plans to revise the bylaw of the corporate with goal to scale back its administration price and enhance web revenue. The revision might require a shareholder vote, which can be carried out earlier than or on the annual assembly.

The corporate proclaims its annual shareholder assembly after it claims that it has grow to be debt free and carries optimistic money reserves, and is on observe in its pursuit of $1 million gross revenue for the 12 months of 2023. The corporate has already realized $550,000 gross revenue within the very first month of the 12 months.

UC Asset had been operationally worthwhile in earlier years. Final 12 months, the corporate accomplished distribution to its shareholders a money dividend of $0.10 per share, out of a $0.11 per share web earnings. Administration has indicated that the corporate might distribute extra dividend to its shareholders, if it stories greater web earnings.


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