InvestorsHub Logo
icon url

blademan

10/28/19 1:24 PM

#5704 RE: PistolPete77 #5703

I don't put a lot of stake in twatter posts. The deals will come when they come. The best part is we have a great chart set up here for a major move with low SS. Perfect set up. $IGPK Tic toc>>>>

icon url

Gabriel_S

10/28/19 2:02 PM

#5707 RE: PistolPete77 #5703

The S1 is on hold for up to, but no longer than 2 weeks so the outstanding deals can Close and be included in the S1 filing. We decided to wait a bit longer rather than file Amendments to the S1 which can cause delays in getting an approval. The two deals are with the shareholders of a cannabis operation in Los Angeles, that have an operating dispensary and hold licenses for Manufacturing and Distribution.

The deals are not in jeopardy of not closing, they just may not close on our schedule. If the S1 is filed without including the 2 deals, the closings will be delayed until after the S1 has become effective as not to interfere or cause a delay. The Company has 2 outside Directors ready to join the Board and sit on both the Audit and Compensation Committees when the S1 is filed, the new Directors will add years of business and Mergers and Acquisitions experience to the team.

We are going through the steps to submit the application for the CUP on the 9.5 acres. Part of the process is designing the layout of what the operations on the site will look like. After the architect has completed the renderings we will release them to the public.

IGPK's priorities are to file the S1, close the two pending deals, get the CUP application submitted, and get the CUP for the farm in WI, close the farm in WI.