Integrated Cannabis Solutions, Inc., 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
The licenses that are available upon issuance of the CUP are:
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.
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