- The Grow License allows for Growing and Processing of your own crops
- The Processing Licenses gives the ability to process others' crops at our facility
- Financial information has been obtained dating back to 2013
COCONUT CREEK, Fla., Feb. 08, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Integrated Cannabis Solutions, Inc., (IGPK) has submitted two applications with the State of Wisconsin for the 200 acre farm it is purchasing.
Integrated Cannabis has submitted an application for a Grow and Processing License with the State of Wisconsin. According to the licensing website: "Once you submit your completed application and payment, you ARE in the system and WILL receive your license unless there is a felony drug conviction in your background check" therefore it is not a matter of IF it's a matter of when we will receive the licenses, which can take up to 8 weeks.
The Grow License allows the Grower to process their own crops, but we wanted the ability to work with the surrounding farmers to process their crops. Wisconsin has a shortage of processors and plenty of farm land, it made sense to seek both licenses since we are building the facility.
During the course of corporate clean-up, the Company was able to secure the Quickbooks file dating back to 2013. This allows Integrated to roll the financials forward through 2018 and audit the Company. Once audited Integrated has several options; it can uplist to the QB, it could file a form 10, it makes the Company an easier acquisition target by having audited financials.
Integrated Cannabis is reviewing other opportunities within the Cannabis sector and will begin to give further updates shortly.
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.
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