Item 9 Labs Corp. continues to make significant headway toward solidifying its spot as a leader in the North American cannabis retail landscape with its cannabis retail franchise, Unity Rd. With Item 9 Labs Corp.'s merger and acquisition activities ramping up and expansion into new cannabis markets underway, the Company anticipates its development pipeline will remain strong through the end of the year.

It expects to open additional new stores across the country, in addition to assisting its franchisees in acquiring existing dispensaries across the U.S. New Unity Rd. Dispensaries Open in Colorado and South DakotaUnity Rd. is the first national cannabis dispensary franchise in the U.S., to offer eager entrepreneurs seeking to enter the complex $25 billion industry with the proven guidebook and ongoing support needed to successfully open and operate a compliant dispensary in their local community.

The Company opened its first Unity Rd. franchised location in June 2021 with a father-son entrepreneur duo in Boulder, Colorado, and has since grown to four stores in operation as well as a development pipeline packed with more than 20 groups who are expanding the brand across 10-plus states. The marijuana franchise's second store is currently being rebranded to Unity Rd.

in Oklahoma City, Oklahoma, and its third location opened in July 2022 in North Denver. Riding the wave of new openings, this past July, the Company also worked with local entrepreneurs to open the first non-tribal, state-licensed medical cannabis establishment in South Dakota -- bringing the Unity Rd. footprint to four locations open in the last 13 months.

Item 9 Labs Corp. anticipates entering the following markets next with its Unity Rd. cannabis franchise: New Jersey, Maine, Virginia, Michigan and New Mexico, among other states.

Item 9 Labs Corp. is also continuing to develop its Colorado Unity Rd. footprint with recent license approval to open a dispensary in the Cherry Creek neighborhood of Denver.

Item 9 Labs Corp. has build-out plans already in place for the retail storefront and anticipates the location to be fully operational by the end of 2022.