- IGPK Common and IGPK Authorized share reductions scheduled for week of 04/01/2019
- IGPK draft financials were completed by CPA team on 03/27/2019
- Counsel for S-1 filing to be retained on the week of 04/01/2019
COCONUT CREEK, Fla., March 28, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Integrated Cannabis Solutions, Inc., (IGPK) transaction to cancel over 500 million of its Outstanding Common shares is scheduled to take effect on the week of 04/01/2019.
The block of shares to be cancelled is currently at the Transfer Agent awaiting final instructions. By the end of the week of 04/01/2019 IGPK expects to reduce both its Outstanding Common shares at the Transfer Agent and its Authorized Shares at the Nevada Secretary of State.
On 03/27/2019 IGPK's CPA audit prep team completed the draft financials, footnotes, and disclosures for FY-2017 and FY-2018. This is the complete draft document set required for the Auditor to conduct their review and issue their opinion for IGPK. The draft document set is being forwarded to the Audit Firm on 03/29/2019. The CPA audit prep team will work with the Auditor to ensure a smooth review process and timely turnaround.
Integrated Cannabis will retain Counsel no later than 04/05/2019 to begin drafting the S-1 Registration document. IGPK's target goal is to file the S-1 Registration document on or before 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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