- IGPK is working with its professional team to get the S1 filed
- The first hemp crop is weeks away from being planted
COCONUT CREEK, Fla., May 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Integrated Cannabis Solutions, Inc., (IGPK) made tremendous strides at the end of the first quarter in its quest to become a fully reporting entity.
The Company incurred some larger than normal legal and accounting expenses during the quarter to achieve this goal. The Company is working steadfast to get its S1 filed, the professional team retained to make this happen is working to get the filing done as soon as possible.
Once the Registration filing has been made the Company will enter a quiet period until the Registration goes effective. The only updates the Company will make will be within filings required to be made on SEC.GOV.
Progress is being made at the farm. This weekend a representative for IGPK will be interviewing several local hemp farmers with the intent to retain one to assist in training our farmer and team to grow a successful hemp crop.
IGPK has sourced several seed suppliers with high yielding plants, the key is getting seeds indigenous to the Wisconsin climate. The parcel we are planting on still needs some time dry out from the harsh winter, but will be ready for seeding in a few weeks.
During the test planting we will use several different strains to see which one not only grows the best, but produces the highest yield. This year's test crop is more about securing the highest yielding seeds to plant next year on all 160 acres.
The Company has hired a drone company to make a video of the entire property we will upload to our website. The drone will make weekly videos of the crops throughout the grow cycle and harvesting. All videos will be uploaded to our website so our shareholders can follow the crop from planting to harvesting.
The First Quarter financials will be posted in the coming days so the Company can maintain its OTCPink Current Status, this will be the last financial report filed on OTC.
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.