Integrated Cannabis Solutions Executes
Contract to Purchase
a 200-acre farm in Wisconsin
-
IGPK is building a Grow facility for
Seedlings on the farm
-
The farm has Bungalows that earn revenue as
Destination Getaways
-
Collectively the farm will have a total of 4 separate revenue
streams
Coconut Creek, FL -- May 15,
2019 -- InvestorsHub NewsWire -- Integrated Cannabis Solutions,
Inc., (OTCPINK:
IGPK) executed an agreement
on April 15,
2019 to
purchase a 200-acre farm in Monroe
County,
Wisconsin for $1,595,000 the Closing is scheduled for
this summer.
The farm being purchased
has a total of
200-acres of which 160 acres are tillable and will be used
to plant hemp. The remaining 40 acres will be
used to create a Grow facility for seedlings
and a processing
facility.
A total of 2 acres will be used
to place a 30Ft by 96Ft Controlled Grow
House
and up to 30 (30Ft by 96Ft) Green Houses to hold the
seedlings. In order to plant all
160 acres next
year over
250,000
plants will be needed.
The Grow facility will be used
to create another revenue stream for IGPK.
The
current market
price for
seedlings range from $3-$5 per plant, a small 15-acre farmer will pay $75,000-$125,000 for
seedlings to
plant on their farm. The Grow house will be able to
produce almost 45,000 per Grow cycle.
The property
has
4 bungalows and a
pad to build a 5th unit that the current owners have been
renting and as they built a profitable Getaway Destination
location. The bungalows are rented as
sleeping quarters only each unit has a different theme that
includes a loft, kitchen and hot
tub.
The current owners have been
approached by Airbnb to handle all the
reservations, Integrated
will work with
Airbnb to process all reservations
including
creating a
Hemp Farm Getaway package. Hemp Farm Getaway packages like this are
popular in other countries like Canada that offer logging and
tours.
Integrated will have 4 separate
revenue streams on the farm; hemp, processing, seedlings,
and destination with additional projects in the works.
Included in the
purchase price are all the furnishings for the bungalows and spare
inventory for the destination business plus 4 vehicles the staff on
the farm will use.
Integrated has
agreed to keep the Sellers name and business confidential until the
sale is final to respect their privacy. I redacted contract
will be posted on OTCMarkets.com.
About Us.
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.
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
