Integrated Cannabis Solutions (IGPK) announced a strategic update to establish three revenue-generating divisions: Cannabis, Branding, and an unnamed third division by December 2023. The company plans to file a Super 8-K after obtaining an audit for Consolidated Apparel, which currently generates about $1.2 million annually. Additionally, Integrated Cannabis aims to expand operations in California and the Caribbean, with plans to manufacture and export products. The organization emphasizes its commitment to compliance with SEC regulations for information dissemination.
Integrated Cannabis Solutions, Inc. (OTCPINK: IGPK) has successfully acquired 49.9% of GCTR Management, LLC, a firm managing cannabis companies, for 598,800 shares of Series B Preferred stock. This acquisition, announced on March 21, 2022, allows for an option to purchase the remaining 50.1% for an additional 601,200 shares. GCTR currently has over $5 million in assets and monthly revenues averaging $300,000, pending verification through an audit. The deal is expected to expand Integrated Cannabis' market presence in the cannabis sector.
Integrated Cannabis Solutions, Inc. (OTCPINK: IGPK) has issued a 2022 shareholder update outlining efforts to clean up its operations and become a fully reporting entity. Following the clearance of its S1 Registration in June 2021, the company is now focusing on acquisitions of revenue-generating entities. Key highlights include the pending acquisition of Consolidated expected to generate $5 million annually and a significant acquisition in California projected to yield $300,000 monthly. IGPK is also exploring opportunities in the Caribbean cannabis market while opting out of a hemp farm in Wisconsin due to declining prices.