- IGPK Common shares have been canceled
- IGPK Authorized share reduction to be filed today with NVSOS
- Counsel for S-1 has been retained
COCONUT CREEK, Fla., April 05, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Integrated Cannabis Solutions, Inc., (IGPK) continues to progress on its goal of reducing the amount of its Outstanding and Authorized shares and becoming an SEC reporting entity.
The block of Outstanding Common shares has been canceled by the Transfer Agent, reducing the number of outstanding shares to below 650,000,000. A filing will be made today with the NVSOS that will reduce the total amount of Authorized shares to 900,000,000 with another reduction planned before the end of the month.
Integrated Cannabis has retained the law firm of Waller Lansden Dortch & Davis, LLP as counsel to begin drafting the S-1 Registration document. IGPK's target goal to file the S-1 Registration Statement remains on track for no later than 05/01/2019.
Integrated Cannabis Solutions, Inc. - IGPK has been granted Hemp Grower and Processor licenses in the State of Wisconsin, once known as "The Hemp Capital" of the United States. The farm IGPK is purchasing once grew hemp and tobacco, and currently grows corn on a commercial basis. Hemp grows wildly on the farm and surrounding farms.
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.
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.
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