UC Asset LP announced the firm has signed an LOI to acquire a second Oklahoma cannabis property, for a consideration of $440,000. The property is a 5-acre licensed cannabis growth facility, including 2 grow buildings and a single wide trailer. This is the second cannabis property UC Asset has a signed an LOI to acquire.

Last month, UC Asset signed an LOI to acquire a 4-acre licensed grow property in Oklahoma City area. The acquisition price for the first property has been negotiated down to $500k since the initial signing of the LOI. Altogether, UC Asset expects to expand its investment portfolio by $10 million to $30 million this year, mostly of cannabis properties.