Integrated Cannabis Solutions
Purchasing
9.5-acres
in California
-
The land sits within Los Angeles
County
-
Minimum of 4 licenses
-
Closing subject to the issuance of the
CUP
Coconut Creek, FL
-- September
25,
2019 -- InvestorsHub NewsWire -- Integrated Cannabis
Solutions, Inc., (OTCPINK:
IGPK) has executed a
Purchase
Agreement to purchase
9.5-acres in
California. This purchase will allow Integrated
to make a
serious push into the largest legal
Cannabis
market in the
world.
The Company has retained
special counsel to assist with the Closing documents for this
transaction. The land is being purchased for a combination of
cash and stock, the property is zoned for M-1, M-5 and M-2
with
the Final Closing
subject to the issuance of the Conditional Use Permit
("CUP"). IGPK does not see any
issue with obtaining the CUP, since the land is already
zoned for
Cannabis and management
currently
holds
Cannabis
licenses within
the State of California already.
The property is within Los
Angeles county, which is known for its efficiency
issuing licenses, permits and Certificates of
Occupancy to Cannabis companies.
The licenses that are
available upon issuance of the CUP
are:
Cultivation
Distributor
Transporter
Manufacturer
The only licenses not
available is a Dispensary.
After the CUP is issued while
the facilities are being built, the Company will place temporary
structures on the property for Cultivation and Manufacturing.
This will allow the property to generate revenue and cover the cost
of construction without causing dilution to the
Company.
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
