UC Asset LP announced that the company has renewed its partnership with Puration Inc. with regard to the development of 72-acre land in the metropolitan area of Dallas, Texas. The new partnership is formed with intention to increase near-term cash income for both UC Asset and Puration. UC Asset sold the land to Puration about 2 years ago, and later entered into an LOI with Puration to co-develop the land into a medical plant cultivation project, including cannabis plants such as hemp.

If UC Asset and Puration can realize the estimated value appreciation of the property by the end of this year, it will represent over 16% compound annual return, or 25% simple annual return. UC Asset and Puration will work together to develop a plan that will maximize their profits, with a focus on generating short-term revenue.