SEC qualifies UC Asset's $5M preferred share offering

UC Asset LP (OTCQB: UCASU) announced that the Securities and Exchange Commission has qualified its Form 1-A offering statement for a secondary public offering under Regulation A.

Under the qualified offering statement, UC Asset may issue up to $5 million in preferred shares carrying an 8% annual preferred dividend. The company stated that the majority of capital raised will be used to acquire additional cannabis properties.

Larry Wu, founder of UC Asset, said in a statement that the company's adjusted annualized yields on its current cannabis property portfolio over the past three years, including the first six months of 2026, were 14.4%, 13.2%, and 13.5%, respectively. Wu cautioned that the performance of the existing portfolio does not guarantee similar performance from future investments.

UC Asset is currently working with potential broker partners to formulate a distribution plan for the offering.

The company is a limited partnership focused on real estate investment. This information is based on a press release issued by UC Asset LP.

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