$LBRG NEWS - Working to UPLIST
Ladybug Resources Announces That the Company is Going SEC Reporting
Press Release | 07/19/2023
SACRAMENTO, CA, July 19, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Ladybug Resources Group, Inc. (OTC PINK: LBRG) (“Ladybug” or the “Company”), announces that the company has engaged the auditing firm of BFBorgers CPA PC to prepare the Form 10-K for the company.
Chairman David Argudo stated, “As a part of our business development model to qualify as an SEC Reporting OTC Pink, we have engaged the auditing firm of BFBorgers CPA to prepare the Form 10-K.”
The Company has recently activated its 15c211 status with OTC Markets. BFBorgers CPA PC has been engaged and will require 4-5 weeks to prepare the Form 10-K for the company. This will improve the disclosure of our financial reports and allow the company to qualify for the OTCQB.
The Company continues to grow and expand its revenue base in the cannabis industry. With billions of dollars worth of cannabis sold in California each year, The Golden State is home to the largest legal cannabis market in the world. The company’s subsidiary, Gold Mountain Distribution LLC, operates a licensed distribution center in Sacramento, the hub of the California cannabis market.
In 2022, California legal sales reached $5.3 billion, according to figures released by the California Department of Tax and Fee Administration, down 8.2% from $5.77 billion in 2021. Gold Mountain Distribution is now teaming up with various relationships to acquire the customers base from other licensed distro’s who have closed their doors to doing business.
About Ladybug: Ladybug is an alternative lifestyle company whose subsidiary, Gold Mountain Distribution, owns and operates a licensed cannabis distribution facility in Sacramento, California.
