February 3rd: Integrated Cannabis Solutions Announcement Review
Integrated Cannabis Solutions Inc. (OTCMKTS:IGPK) announced they have effective been given debt free status, and can now move forward with a significant deal closure that will automatically bring in over $400,000.00 per month in revenues. The company announced that all 150 million options tied to the employment contract are canceled along with all remaining convertible debt.
Ran by the same management and same CEO as Global Consortium Inc., Integrated Cannabis Solutions (IGPK) has signified a corporate shift by a recent release of updates by the CEO. This new debt-free status has huge implications on the company, as it can now push forward with a stock-swap transaction for a operating dispensary in Los Angeles generating over $400,000 a month in sales, adding revenue to the Company in Q1 2020.
It now makes sense why the company went quiet for the last month or so in 2019, as it entered a “quiet period” due to the requirements needed for it S-1 registration statement. It was recently announced that IGPK will be submitting a S-1 registration statement, with the intention of uplisting to OTCQB.
With the closure of this new deal, the current price model supports a trading range between $0.012 and $0.0182. With the current price $0.0018 due to the mandatory “quiet period”, IGPK appears to be significantly undervalued. This is especially true with a recent revelation from the CEO that the company will not be raising the number of authorized shares.
The CEO had the following to say,