![](https://investorshub.advfn.com/uicon/443615.png?cb=1506002063)
Tuesday, October 22, 2019 10:14:05 AM
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.
Recent IGPK News
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 03/01/2024 06:23:16 PM
FEATURED Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • Jun 14, 2024 2:07 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM