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Latifah and Shakim Compere will produce the project through their Flavor Unit production company along with Gunpowder & Sky.
Angela Tucker and Lauren Domino have penned the film, reported Variety.
Tucker will direct while Domino will produce.
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The story will revolve around an ideal driven, well-meaning New Orleans teenager named Alicia, who is ready to reinvent herself at Kensington University in Atlanta.
When she can not pay her tuition fees, Alicia, her cash-strapped mom, and her best friend plan to throw a rager to raise the money to keep her college dream alive.