Contingent upon adequate financing and successful purchase of a farm in Wisconsin pursuant to an existing Purchase Agreement, Integrated Cannabis Solutions, Inc., (OTC.PK: IGPK) (the “Company”) plans to purchase 200 acres in Wisconsin with 160 acres of tillable land with room for a processing plant, storage and hopes to grow seedlings.
One of the Company’s missions is to create a Co-Op with the farmers, in which they will grow and harvest the hemp and bring it to Integrated to process. This will allow the farmers to keep doing what they know best without worrying about tariffs.
IGPK recently announced that the OTC Markets has upgraded the Company back to “Pink Current”.
In addition, the Company filed an S1/A in response to some comments received from the initial S1 filing. The completion and approval of the S1 is paramount to the overall business plan for the Company.
The current pending deals and any new deals being worked on are not in jeopardy of closing, they will close on our schedule with the effectiveness of the S1.
Operations
Farming
In addition to the purchase 200 acres in Wisconsin with 160 acres of tillable land with room for a processing plant, the Company will also seek to create a Co-Op with surrounding farmers to farm their land and deliver Integrated the Bio-Mass.
Processing
Contingent upon adequate financing, Integrated Cannabis plans to build a processing plant with enough capacity to handle up to 10 times its 160 acres. The issue farmers have growing hemp is where to sell the bio-mass. Should Integrated be successful in creating a Co-Op with surrounding farmers, such a Co-Op will assist farmers in creating potentially sustainable revenue generating crops free of tariffs.
Seedlings
The key to a good harvest is starting with a seed that will grow and into a high yield plant. Seedlings give the farmer a 4-week head start on each planting cycle and unlike planting seeds you know the seedling has already sprouted. High yielding seedlings are sold between $3-$5 per plant and a 15-acre farm would need 25,000 seedlings to be planted. Integrated plans to use 2 acres on the farm for grow houses and green houses to supply its own land, its Co-Op members and anyone else who wants to purchase the seedlings.
The CBD sector is projected to reach $16.8 billion by 2025.
Tinctures and capsules – These offerings make up the most popular product category in the $4 billion U.S. CBD market.
