Integrated Cannabis Solutions
issues Corporate Update
-
S1 Filing Update
-
CUP Update 9.5 Acres
Coconut Creek, FL
-- October 28, 2019 --
Integrated Cannabis Solutions, Inc., (OTCPINK:
IGPK) would like to issue an update
regarding the several things the Company has been working
on.
The S1 is on hold for up
to, but no
longer than 2 weeks so the outstanding
deals can Close and be included in
the S1 filing. We decided to wait a bit longer rather than
file Amendments to the S1 which
can cause delays in getting an approval. The two deals are
with the shareholders of a cannabis operation in Los
Angeles, that have an
operating dispensary and hold licenses
for Manufacturing and Distribution.
The deals are not in jeopardy
of not closing, they just may not close on our schedule. If
the S1 is filed without including the 2 deals, the closings will be
delayed until after the S1 has become effective
as
not
to interfere or
cause a delay. The Company has 2
outside Directors ready to join the Board and sit on both the Audit
and Compensation Committees when the S1 is
filed, the
new Directors will add years of business and Mergers and
Acquisitions experience to the team.
We are going through the
steps to submit the application for the CUP on the 9.5 acres.
Part of the process is designing the layout of what
the
operations on the
site will
look like. After the architect has completed the
renderings we will release
them to the
public.
IGPK's priorities are to file
the S1, close the two pending deals, get the CUP application
submitted, and get the CUP for the farm in WI, close the farm in
WI.
Integrated Cannabis
Solutions,
in compliance with SEC regulations, may in the future use social
media outlets like Facebook or Twitter and its own website to
announce key information in compliance with Reg FD.
Forward-Looking
Statements
This news release contains
"forward-looking statements" as that term is defined in Section
27(a) of the United States Securities Act of 1933, as amended and
Section 21(e) of the Securities Exchange Act of 1934, as amended.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other
things, estimates of services and
equipment markets, release of corporate apps, growth of platform,
target markets, product releases, product demand and, business
strategy. Actual results could
differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
new projects and development stage companies. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that any beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that
any such beliefs, plans, expectations or intentions will prove to
be accurate. Investors should consult all of the information set
forth herein and should also consider that any investment in
securities is at risk.
Details of the
Company's business, finances, appointments and agreements can be
found as part of the Company's continuous public disclosure
on otcmarkets.com.
For additional information
about this release please contact:
Investor
Relations:
Matt Dwyer
matt@igpk.org
www.igpk.org
Twitter
@IGPKOTC
954-906-0098