Integrated Cannabis Solutions Inc (IGPK)

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🚨 $IGPK

💰0.0138
⏳, Pink Limited, AS: 4.7B, OS: 4.5B, US: 2.2B

Update Delay: 72 hours

Business Description Updated:
🔴 Integrated Cannabis Solutions has acquired Consolidated Apparel, which has Annual Revenues of $1.2 million. IGPK completed an Asset purchase of the accounts from MTO Wear, LLC. MTO had sales of $240,000 and Net Income of $120,000, giving Consolidated a combined Annual Revenue of $1,450,000 with Net Income of $240,000. Consolidated Apparel was incorporated to manufacture and brand lines of "Athleisure" wear and has carved out a niche market catering to the tourist and destination market domestically and abroad with several existing Fortune 500 clients (Ron Jons, Marriott, Ritz Carlton, Breakers). Consolidated Apparel works with its clients through its art department to create the right design and transfers artwork to shirts through a process called dye sublimation, whereby the design will never fade or wash off. Consolidated has non-competes in place with its primary supplier of Anti-Snag, SPF 50 performance shirts, protecting it in the marketplace. IGPK has acquired Houdini Labs, a type 7 manufacturing facility. At scale, Houdini can process 1,200 lbs. per day with its advanced ethanol, CO2, and butane extraction equipment. Houdini offers an expanded extraction facility. Additional production capacity is accessible with Houdini's new modern butane extraction facility, growing its product line offerings. Houdini's services include toll processing, bulk crude and Ultra grade THC distillate production, and white-label services.
🟢 Through its wholly-owned subsidiary, Dongguan Junfenghuang E-Commerce Co., Ltd., a PRC limited liability company, IGPK operates as an Internet e-commerce company through which its resident merchants sell an array of consumer products on the online platform to customers located primarily in China.

Facilities Description Updated:
🔴 Consolidated Apparel leases over 4,500 square feet of mixed used office/warehouse space in West Palm Beach, FL. IGPK will be relocating its corporate office from Coconut Creek to this location.
🟢 IGPK's leased executive office is located in Kelowna, British Columbia, Canada. Its operating subsidiary's operations are situated in leased office space on the second floor of Huayi City, Dongguan City, Guangdong Province.

Number of Employees Updated:
🔴 10
🟢 3

Officer(s) Removed:
🔴Eugene Louis Caiazzo, Sole Officer


Product Services Description Updated:
🔴 Consolidated Apparel was incorporated to manufacture and brand two lines of “Athleisure” wear and has carved out a niche market catering to the tourist and destination market with several existing Fortune 500 clients. Consolidated Apparel works with its clients through its art department to create the right design and transfers artwork to shirts through a process called dye sublimation, whereby the design will never fade or wash off. California operations: Houdini Labs, a type 7 manufacturing facility. At scale, Houdini can process 1,200 lbs. per day with its advanced ethanol, CO2, and butane extraction equipment. Houdini offers an expanded extraction facility. Additional production capacity is accessible with Houdini's new modern butane extraction facility, growing its product line offerings. Houdini's services include toll processing, bulk crude and Ultra grade THC distillate production, and white-label services. Houdini's supply chain capabilities expand further by offering packaging, edibles, distribution, and B2C delivery services. By creating quality cannabis products with commitment and consistency, Houdini will elevate our clients' goals at every opportunity. https://houdinilab.com/
🟢 Resident merchants sell an array of consumer products on an online platform to customers located primarily in China.

Public Float Updated:
🔴 1,456,319,231 (2021-08-05)
🟢 2,803,317,059 (2024-05-10)
Difference: +92.5% (+1.3B)

Director(s) Removed:
🔴Eugene Louis Caiazzo, Director
🔴Manuel B Losada, Director


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