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_________________________________________________________________________________________________________________________________________________________________________________ INCC HISTORY SINCE 2014 RESTRUCTURING!
International Consolidated Companies, Inc. Announces Restructuring
SARASOTA, Fla., Sept. 24, 2014
SARASOTA, Fla., Sept. 24, 2014 /PRNewswire/ -- International Consolidated Companies, Inc. (OTC Pink: INCC), a provider of logistical and technological services to the medical marijuana industry through its wholly owned subsidiary, Medical Cannabis Holdings, Inc., has announced that it has completed the restructuring of its core businesses and operational focus, as follows:
INCC owns 100% of Medical Cannabis Holdings, Inc., a Colorado corporation ("MCHI"), which is in the business of acquiring companies with technologies that make growing and processing medical cannabis more efficient, cleaner, greener and smarter.
MCHI owns 100% of:
GroPro Systems, Inc., a Florida corporation ("GroPro"). Antonio Uccello, the CEO of INCC, stated, "We believe that GroPro has the best, most efficient and most effective system for growing medical cannabis hydroponically. GroPro is in the final stages of filing its intellectual property paperwork with the USPTO, which is expected to be completed in the coming weeks, after which we will be able to showcase the system."
Vortex Delivery Systems, Inc., a Colorado corporation that has purchased all of the assets of Vortex Water Pipes. MCHI anticipates adding delivery products to the existing Vortex medical marijuana lines.
Chaffee County Property:
One of GroPro's significant customers (John Mehos dba Prosperous Valley) is finalizing his application for a medical marijuana grower's license for submission to Colorado, which INCC believes will be reviewed sometime after October 1, 2014. Assuming approval of the state application, GroPro will close on the real estate it has under contract in Chaffee County. It is anticipated that GroPro will begin construction of a state-of-the-art GroPro facility in Chaffee County beginning in the first quarter of 2015, with an anticipated completion by the end of the second quarter of 2015. INCC intends to lease the GroPro System in order to generate a recurring revenue stream. Prosperous Valley's application includes a lease of the state of the art facility and GroPro system for $1,000,000 per month, quarterly in arrears.
New Business Opportunities:
MCHI is working with several successful growers in Colorado to lease the GroPro System, two of which have made a preliminary commitment to leasing the system in Denver facilities. GroPro is also pursuing a joint venture with a real estate owner in Denver that is interested in partnering with GroPro.
MCHI is consulting on a preliminary medical marijuana facility and permit applications in Canada, and is currently in contact with Canadian officials and local landowners to determine the best course of action. Such applications could be completed and approved as early as the end of fourth quarter 2015, depending on Canadian municipal and provincial schedules.
MCHI is reaching out to existing and potential growers in Colorado, Washington, California and other states around the country to build facilities outfitted with the GroPro System.
Mr. Uccello states, "With many of the above initiatives already underway, we are setting the groundwork for our company today and for the future to be at the forefront of this nascent industry. We are truly committed to helping those who could benefit from medical marijuana by offering growers the best possible hydroponic solutions, and to create facilities designed to maximize growth and yield potential."
Oct 12, 2014
OTC Disclosure & News Service
Sarasota, FL -
TRANSPARENCY AND ACCOMPLISHMENT
Dear Fellow Stakeholders,
As with any emerging company on the brink of a powerful national presence,
opportunities for leadership and challenge will arise to test our mettle. How we deal with
these opportunities and challenges will establish our leadership, transparency and trust
within this new industry.
I am confident that with our outstanding executive team, growth strategy and your
support, we will emerge as a market leader, providing technology for the medical
benefits of cannabis to our target communities and proudly contributing to job growth.
To accomplish our growth objectives we will leverage our leadership, execute our
strategy and continue to develop our reputation, which are all critical to our success.
As we move forward, be assured there will be times when our principles are challenged.
It is important at these times to provide response to sort myth from truth and continue our
development; this is one of those times.
Recently, I have become aware of a specific challenge, which has developed into a
question regarding INCCâ??s leadership experience and two isolated business dealings
within my background, which I consider important enough to warrant a personal letter.
My intent for this communication is, first, to provide disclosure and, second, to share the
expert backgrounds and areas of focus for the INCC leadership team and provide an
timeline of accomplishments of our progress toward achieving our goalsâ??to assure you
of our level of skill and commitment to building INCC.
First, to address questions regarding my background, and for the sake of transparency, I
provide the following:
Challenges: details and resolution
After more than 26 years of experience assisting many organizations with capital
acquisition and business growth within the finance and real estate industries, I personally
experienced two very challenging professional events, resulting in my filing for
bankruptcy in September 2013, which was also discharged in December of the same
year. Here are the primary details of the two isolated incidents, which, while a challenge
for me at the time, will have NO impact on INCC!
1-2-1 Direct Response
In 2009, I purchased 1-2-1 Direct Response, a telemarketing company located in
Pennsylvania serving a tri-state area and employing more than 750 full-time staff.
In 2010, we discovered $900,000 of unsatisfied payroll taxes. I addressed this
situation by removing the senior executive and, taking the helm of the toxic
subsidiary. The IRS imputed me personally with $1.3M of civil penalties. In 2010, 1-2-
1 Direct Response was sold to a buyer who I believed would grow the company
beyond its current position and maintain current staff levels.
Hawkeye Commercial Property
In 2003, two investors and I purchased commercial property in Florida, to develop
commercial condominiums. In 2007,after a successful phase1 launch, the real
estate market crashed severely impacting our property value and ability to
maintain the asset value required by the lender, ultimately resulting in foreclosure.
Discontent among our investment group grew, resulting in a lawsuit. Not wanting
to go through a lengthy and costly legal battle, I settled for $1.5M, with no
admission of guilt or wrongdoing.
With the above addressed, I would like to take this opportunity to move us forward by
sharing a brief introduction to your INCC executive team and their areas of responsibility
and our collective accomplishments.
As of today, INCCâ??s executive team is securing additional capital, performing due
diligence for additional acquisition targets and creating opportunities for our innovative
technologies and distribution channels.
Steven Jablo, Chief Operating Officer/ Director
Steven Jablo has more than 36 years of experience as an executive and
consultant. He is an expert in the areas of operational management and talent
acquisition. His industry experience includes managing partner positions with
Differential Partners and Boyden, both executive recruiting firms serving fortune
500 companies. Jablo is responsible for operational management and strategic
leadership, working with industry and market leaders and securing top talent for
INCC. Jablo will also be our senior executive responsible for creating our training
and certification program for cannabis industry professionals. Jablo holds a
Bachelor of Arts in Political Science and Government from the University of
Dr. Avi Yoskowitz, Chief Real Estate Officer/ Director
Avi Yoskowitz has more than 20 years of experience as the CEO of the Heritage
Group of New Jersey and TT Heritage Companies of Florida. He has successfully
completed numerous land acquisitions, infrastructure improvements, build outs
and conversion projects. He is extremely skilled regarding regulatory and industry
process and procedure for commercial property use. Yoskowitz is very valuable to
INCC as we search for, negotiate and utilize property for our various product and
service offerings. Yoskowitz is also a research and analytics expert and leads
INCCâ??s feasibility analysis and due diligence for real estate investment and
business intelligence. Yoskowitz holds a bachelorâ??s degree in Economics and a
Ph.D. from Massachusetts Institute of Technology in Housing Development and
Drew Newsom, INCC, Vice President of Public and Regulatory Affairs/Director
Drew Newsom has more than 18 years of experience as a public affairs director
and consultant. He has worked as a campaign strategist for the U.S. House, U.S.
Senate and Gubernatorial races. Newsom has extensive knowledge in public
relations, business development, communications, organizational development,
strategy, regulatory compliance, survey and market analysis and resource
accountability. He has served as executive director of the State of Michigan
Republican House caucus, political director of the State of Mississippi Republican
Party, Inner Circle director and campaign manager of the National Republican
Senatorial Committee and deputy director of the Business and Industry Political
Education Committee (managing statewide Supreme Court and Appellate Court
races). His primary responsibility is to provide direction for regulatory compliance
and establish relationships with key legislative officials and community leaders.
Newsom holds a bachelorâ??s of science degree in Political Science from Mississippi
College and a masterâ??s in Political Management from George Washington
As of today, our team has accomplished the following against our overarching
Second Quarter 2014
â?¢ May 5th, 2014 - INCC announced Medical Cannabis Holdings Inc.
â?¢ May 19th, 2014 - Announced the Intent to Reduce 3 Billion Shares
â?¢ May 29th, 2014 - Engaged CPA to complete Financial Statements needed to bring its
status with OTC markets current
â?¢ May 29th, 2014 - Engaged contractors to complete branding and website
â?¢ May 29th, 2014 - Reviewing several potential solutions for removing DTCC chill
â?¢ June 17th, 2014 - INCC enters into BINDING LOI to purchase GroPro Systems Inc.
â?¢ June 30th, 2014 - Definitive Acquisition Agreement with GroPro Systems
Third Quarter 2014
â?¢ August 7th, 2014 - Executes Binding LOI to Acquire Assets of Vortex
â?¢ August 12th, 2014 - Announced MCHI To Exhibit at the Boston Freedom Rally
â?¢ August 15th, 2014 -Steven A, Jablo Joins Medical Cannabis Holdings as Chief Operating
â?¢ September 2nd, 2014 - Drew Newsom to Vice President of Public and Regulatory Affairs
â?¢ September 10th, 2014 - June 2014 Financials uploaded to OTC markets
â?¢ September 13th, 2014 - MCHI exhibited at the Boston Freedom Rally
â?¢ September 15th, 2014 - INCC engages Auditor as it makes way to Re-List as Fully Reporting
â?¢ September 15th, 2014 - Florida SOS officially amended 3 Billion Share Reduction
â?¢ September 16th, 2014 - Attorney letter uploaded in regards to Current Otc Status
â?¢ September 17th, 2014 - C. Mehos and IP counsel are completing the filings of GroPro's patent.
â?¢ September 17th, 2014 - Attorney meeting making forward progress on CO state license
â?¢ September 18th, 2014 - OTC compliance review of INCC to qualify as Current
â?¢ September 19th, 2014 â?? Current status on OTC markets achieved
â?¢ September 24th, 2014 â?? Launched Corporate Branding Website
â?¢ September 26th, 2014 - Accepted credit facility up to 3 million in private funding (details to be
announced after agreed confidentiality period)
Fourth Quarter 2014
â?¢ October 10th, 2014 - INCC Engages Special Counsel: Andre L. Ligon, Esq to Remove DTC Chill
- update in 30 days
â?¢ October 2014 - Goal for Chaffee County Grower to submit Completed Attorney Reviewed
CO state application
â?¢ November 2014 - Goal to file GroPro Patent Application Fully Submitted
â?¢ December 2014 - Goal to have 2 additional definitive GroPro Leases executed and signed (1
currently signed to date)
â?¢ December 2014 - Goal to have GroPro Sales Team Built and Trained
â?¢ December 2014 - Goal to Launch B2B GroPro Advertising Campaign
Our company and the cannabis industry are new, but the principles of integrity and
experience within the INCC executive team are seasoned. Rest assured our leadership
team would leverage their knowledge, skill and experience to develop INCC into a
thriving company committed to serving our community of cannabis consumers, investors
and one another.
As investors, our contribution to growth is not passive. As I mentioned in my opening
remarks, opportunities and challenges will emerge to test us, but ultimately they will
provide the catalysts needed to push us on to continuous improvement, transparency
and trust within this new industry.
Thank you for your time, investment. I look forward to our ongoing scheduled
communications and welcome your questions, comments and suggestions.
/s/Antonio F. Uccello, III
President and Chief Executive Officer
DEC 10 Stake Holder Update
Dec 10, 2014
OTC Disclosure & News Service
Sarasota, FL -
Dear Fellow Stakeholders:
What is the Status of GroPro patent application?
GroPro Systems, Inc.â??s Patent Counsel, Shutts & Bowen, has advised the Provisional Patent application should be filed on or before January 15th, 2015. Once the patent is filed GroPro will be able to share pictures and demo the system with top growers. GroPro Systems, Inc. has worked with NanoVap Technologies, Las Vegas, NV, to improve the system by including upgradable built-in water / light cooling technologies and Ionic Air Purification systems. These will be available in Generation 2 soon to be in production in Las Vegas.
What is the status the project in Chaffee County?
I met with planning and zoning officials yesterday. They advised that they are working on requests made by our MJ counsel before making application to the state. We anticipate Chaffee Countyâ??s portion to be completed by end of January. Once completed, the application process, by Colorado statute will take up to 90 days from intake. That puts Chaffee county license, best case May 1, 2015. We have negotiated to buy the remaining land in the Smelter town industrial park, subject to state/local licensure, and build (3) - 7,000 square foot grow houses. This is an upgrade from the original 5,000 square foot plan.
Details on Financing:
The company has a private group of 4 shareholders who have committed to extend credit to the Company. This line is up to $3MM in non-convertible straight debt financing.
LOIâ??s: The Company has 3 LOIâ??s in play.
The first LOI was signed early this morning. It is a LOI to acquire a new cutting edge company specializing in the vaporizer space. They have 3 products, ranging from 69.99 to 249.00
The second LOI is with a Northern California based soil company with unaudited revenues of $1MM per year. We anticipate it being signed in the coming days.
The third LOI is with a Colorado grow store with unaudited revenues of $557k per year. We anticipate it being signed in the coming days.
Expect official PRâ??s on these accordingly. This falls in line with our aggressive acquisition strategy for the coming year.
Chill: DTCCâ??s counsel reached out to our SEC counsel last week. He is in talks with DTCC and we anticipate him resolving the Chill in the near future. This is a very important detail to us and we will keep the shareholders advised of any updates accordingly.
Thank you for your time, investment. I look forward to our ongoing scheduled
Communications and welcome your questions, comments and suggestions.
/s/Antonio F. Uccello, III
President and Chief Executive Officer
October 2, 2015
These are exciting times for International Consolidated Companies, Inc., and its
subsidiary Medical Cannabis Holdings, Inc. We continue to be nimble in the dynamic
cannabis space. We have changed tacks as the situation demanded but we remain
consistent to the company’s guiding principles—to help people through the development
of quality cannabis and hemp technologies and delivery systems, which, in turn, will
create prosperity for our investors.
I have several developments to share with you today. This is an overview; I will follow
up with more detailed reports in the coming weeks, as well as during an October 15
Huerfano County Grow
We have continued our good-faith effort, backed by substantial investment, to get an
approved water plan for a tier-one recreational marijuana grow in Huerfano County,
Colorado. At this time, the water engineers have not been able to assure us we will have
enough water for the project. Without this assurance, we cannot continue to pursue this
New Product Partnerships
But, even as we made a full-court press on the Huerfano project, we have simultaneously
been cultivating partnerships to create products compatible with the company’s aim of
supporting patients, consumers, growers and producers, and with greater potential for
We are negotiating with leading-edge developers of 5 super-exciting CBD delivery
systems—all of which are federally legal and can be sold across the country. Instead of
pursuing products with markets limited to a handful of states and hamstrung by
regulations, we are pursuing a national strategy, with several products that could launch
early next year, putting us on a short path to significant revenue.
Focusing on CBD products right now keeps us in the cannabis space but eliminates the
regulatory hurdles and unknowns currently tied to hemp and marijuana. As legalization
expands across the country, probably most imminently with hemp, we will be well
positioned with these strong industry relationships and a record of success to take
advantage of new opportunities as they arise.
Page 2 of 2
Resolving the DTCC Chill
Finally, I am happy to report we are close to resolving the DTCC’s chill on the company.
The strategy, vetted by our legal team, requires some shifting in our corporate structure,
which I will detail in a follow-up report. The key issue here is that we can get out from
under this restriction and move forward.
Thank you for your investment and time.
Please contact me at [email protected]
with questions and comments. I
will address all feedback during a conference call on October 15, 2015. Please expect an
invitation to the call next week.
Antonio F. Uccello, III
INCC Chairman and CEO
Medical Cannabis Holdings, Inc. (MCHI) UPDATE
Denver, October 30, 2015, Medical Cannabis Holdings, Inc. (MCHI), a wholly owned subsidiary
of International Consolidated Companies, Inc., INCC - OTC PINK. MCHI is a leader in the
production and delivery systems for medical and recreational marijuana and recently added
hemp products and services. INCC and MCHI is providing the following update to shareholders:
1) Huerfano Project. (FUTL) Futureland’s CEO, Cameron Cox, is having a geologist and
hydrologist identify a location for a monitoring well next week. Futureland will order
the drilling soon thereafter. “The geologists and hydrologists have advised me that the
property has plenty of water beneath it”, said Mr. Cox. Ultimately, the plan is to solve
the water issue and move ahead with the project. We expect further updates to that
end by December 15, 2015.
2) Management wishes to clarify that the company is not exploring a reverse split of its
Medical Cannabis Holdings, Inc. (MCHI), was founded in 2014 and is a wholly owned subsidiary
of International Consolidated Companies Incorporated (INCC). MCHI is focused on acquiring and
growing businesses that offer innovative, quality, and cost-efficient technologies and services to
assist growers and patients with the production and delivery systems needed for the
consumption of medical marijuana. MCHI and its parent company INCC are also active investors
and provide venture capital funding of qualified projects in the expanding legal cannabis
industry. For more information please visit www.medicalcannabisholdings.com .
International Consolidated Companies, Inc. Update
Denver, CO (December 4, 2015) – International Consolidated Companies, Inc. (OTC
Pink: INCC), a provider of logistical and technological services to the medical
In an effort to simplify corporate structures we are dissolving Medical Cannabis
WATER: FutureLand Corp., (OTC PINK:FUTL) received its monitoring well permit
Cameron Cox, FutureLand Corp’s CEO, and I have contacted Ojo Springs Drilling and
Well Service, Inc. to schedule the drilling of the monitoring well. Once scheduled, we
will advise specifics. First steps to resolving the water issue and moving this project
CHILL: The Company intends to sell its patents to a new company for a 1:1 NONDILLITUVE
stock swap and assumptions of certain debts and obligations. That new
company will file an S-1 and register all of the company’s shares. Management
believes this is the best way to give shareholders shares that will not be affected by
INCC’s DTC Chill.
SALIDA: Chaffee County commissioners are slated to vote on whether to continue
the moratorium on Dec 15. INCC is prepared to move ahead in Chaffee County if the
moratorium is lifted. INCC is finalizing its contract to buy land with water, which
could support up to 30,000 square feet of new buildings. INCC is readying to
International Consolidated Companies (INCC) was founded in 2002. INCC and its
subsidiaries are in the business of people - helping people, through the development
of quality hemp products and services, which bring new energy to the world and
will ultimately create prosperity for investors. INCC is focused on acquiring and
growing businesses that offer innovation, quality, and cost-efficient technologies.
INCC executes Definitive Agreement to sell Patents
Jan 29, 2016
OTC Disclosure & News Service
Denver, CO -
INCC Executes Definitive Agreement To Sell Patents
Denver, CO (January 29, 2016) â?? International Consolidated Companies, Inc. (OTC Pink: INCC), a provider of logistical and technological services to the medical marijuana industry reports the following:
INCC executed a definitive agreement to sell 2 Truck Side Advertising Patents to Lifeâ??s Holdings, Inc. on January 29, 2016, in exchange for two billion common shares of Lifeâ??s Holdings.
Lifeâ??s Holdings, Inc. filed today to change itâ??s name to St. James Remedies, Inc. and to increase itâ??s authorized shares to accommodate itâ??s purchase of (2) truck side advertising patents from INCC.
St. James Remedies will issue INCC 2 billion shares of its common stock as payment for INCCâ??s (2) truck side advertising patents on or before the February 28th, 2016 closing.
INCC intends distribute the 2 Billion shares to itâ??s shareholders of record as of March 31, 2016. The shares will be distributed to the shareholders of record shortly after they have been registered with the Securities and Exchange Commission. INCC expects St. James will file a registration statement for the shares shortly after the issuance of shares to INCC.
International Consolidated Companies (INCC) was founded in 2002. INCC and its subsidiaries are in the business of people - helping people, through the development of quality hemp products and services, which bring new energy to the world and will ultimately create prosperity for investors. INCC is focused on acquiring and growing businesses that offer innovation, quality, and cost-efficient technologies.
Colorado Company Announces International Expansion into Uruguay and
California by International Consolidated Companies (OTC: INCC)
DENVER, CO / OTC Markets / December 31, 2016 / INCC, has announced
international and domestic expansion plans.
2016: INCC is now current with OTC markets. California passed fully legal
sales of recreational marijuana.
2017: INCC is filing to change its name/symbol to: Element 79, Inc.
“e79” is Gold on the periodic table. We feel that Cannabis is the new Gold.
We will file for a name change with the Secretary of State after FINRA filing
INCC seeks to acquire companies in the legal medical and recreational
marijuana markets both domestically and internationally. INCC is in
acquisition and joint venture talks with candidates in both the Uruguay and
California markets. (In 2012, the Uruguayan government, under President
Mujica, legalized sales of cannabis.)
Anticipating 2017 to be a year of acquisitions, INCC has filed to increase
its’ authorized shares to 5 billion.
INCC is analyzing additional, innovative acquisitions in the growing
cannabis space. The end of Cannabis prohibition has been sweeping the
country with 28 states that now allow some form of consumption, and a
multitude of others that may decided to end prohibition in the moving
/s/ Antonio Uccello, Chairman of the Board
International Consolidated Companies (OTC: INCC) Acquires St. James Remedies, Inc.
DENVER, CO / Jan19, 2016 / International Consolidated Companies Inc., (OTC: INCC)
today announced it’s intent to acquire St. James Remedies, Inc.
St. James Remedies will be selling its products, a better, smarter delivery system
technology for CBD, and licensing its brand to Marijuana Infused Products companies
(MIPs) in the states where medical marijuana is state legal. The MIP will add THC to the
CBD capsule, making it a salable item in the medical dispensaries.
St. James Remedies products currently include water soluble, thus bio-available,
cannabidoil (CBD) based wellness drinks, and gel caps. More information about the
many studies of CBD can be found at www.projectcbd.org
"We are very excited to be a part of the medical solutions without being directly involved
in the addition of THC or direct sales of medical marijuana products," said INCC
Chairman Antonio Uccello.
Additonally, INCC has been notified that the DTCC chill was lifted. “We are very excited
to have the chill behind us!” Uccello commented.
INCC Has Received An Institutional Commitment For Marijuana Based Real Estate Debt Financing
DENVER, Feb. 9, 2017
DENVER, Feb. 9, 2017 /PRNewswire/ -- INCC, Can Cannabis Company Get a Bank Loan?
The problem: Banks are calling loans. While it is lawful under the laws of 28 states to grow and distribute medical marijuana, it is illegal under federal law. Banks, which are mostly federally regulated, are sending letters to landlords requiring them to either remove their marijuana business tenant or have their note called forcing them to refinance or pay off the note.
The solution: International Consolidated Companies, Inc., (OTC:INCC), through its real estate division, headed by Mr. Arnold "Avi" Yoskowitz, has received an institutional commitment for marijuana based real estate debt financing subject to underwriting.
The plan: To create a portfolio of real estate holdings to service the cannabis industry and to help other cannabis companies refinance their loans.
INCC intends to raise up to $100 million in equity to secure financing commitments up to $200 million.
Avi Yoskowitz : Chief Real Estate Officer/Director
Mr. Yoskowitz brings a wealth of education (BS and PhD from MIT & 2-year Fellow at Harvard/MIT Joint Center for Urban Studies), experience, talent, drive and focus to the company. Over his long and distinguished career, Mr. Yoskowitz has excelled as a real estate developer and broker, investor, builder, mortgage underwriter, planner and sales associate. His professional work history has included senior-level positions with the Citizens' Housing and Planning Council of New York, Phipps Houses, Frist Realty Co. of Boston, the NYC Housing Development Corporation, a partnership appointment with Garden Homes and Commercial in New Jersey; and for the last twenty years, he has served as founder and CEO of the Heritage Group of Companies of NJ and TT Heritage Companies of Sarasota/Bradenton, Florida. Mr. Yoskowitz has successfully completed numerous land acquisitions, approvals, infrastructure improvements, build-outs, and condominium conversions projects.
"We are excited to position ourselves as the first public marijuana real estate holding company, while helping to overcome the barriers for the sale of legal marijuana products," said INCC CEO Antonio Uccello. "We have identified $30 million worth properties in this initial phase and we intend to raise up to $100 million in equity with which our lender would support a mortgage portfolio of $200 million for a total of $300 million in acquisitions."
International Consolidated Companies (INCC) was founded in 2002. INCC is focused on acquiring and growing businesses that offer innovation, quality, and cost-efficient Cannabis technologies.