Integrated Ventures Inc (INTV)

[MoneyMan]

Ended up being a no go as far as acquisition.

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12264204

Termination of Letter of Intent

On June 5, 2017, we had entered into a letter of intent with AgroPharma Laboratories ("APL"), subject to due diligence and execution of definitive agreements, to acquire the assets of a manufacturer and distributor of industrial chemicals, for an estimated purchase price of $350,000. After performing customary due-diligence research, the Company decided not to pursue this acquisition due to the number of reasons, including extensive liabilities, high debt level, monies owed to local government, outstanding loans to major shareholders, high cost of upgrading, replacing or repairing of manufacturing equipment, as well the uncertaintity related to company's ability to renew certain business and manufacturing licenses. On August 29, 3017, the Company had notified AgroPharma Laboratories that original Letter of Intent has been canceled. The Company intends to form a wholly-owned subsidiary under the name of Agro Pharmacia, Inc to commence operations in Puerto Rico in partnership with another, well established manufacturing and distribution partner.