Integrated Cannabis Solutions to purchase
200-acre farm in Wisconsin
capable of producing over $50 million a year in
revenue
-
The
20-acre
test grow will cover the cost of the purchase
-
Plenty of
acreage to build
green
houses for seedlings
-
CBD
processing lab to be built on the property
Coconut Creek, FL -- December
12, 2018
-- InvestorsHub NewsWire -- Integrated Cannabis Solutions, Inc.,
(OTCPINK:
IGPK) has agreed to purchase the
200 acre farm the test grow is being planted on, after a successful
harvest of the 20
acres. The
purchase of the farm will give Integrated a solid real estate Asset
on the books.
The parties have agreed on a
purchase price of $1,500,000 for the property that includes 3
sections of tillable land totaling 160 acres. The back history on
the farm has proven both hemp and tobacco have been successfully
planted on this farm. The soil is so rich in nutrients the crops
require very little water. The farm has its own brook and water
rights with pumping stations.
The test harvest will
generate more than enough money to cover the cost of the
purchase of the farm
and fund the
future operations on the farm. The initial harvest should yield
$6-$8 million fully funding the farms next harvest of 160 acres and
building a first class CBD lab.
The property already
has a
3,000 square
foot storage barn with a
cement
slab
and an additional
slab next to the barn
to build another
building, that will house a CBD lab to
turn the plants into CBD Isolate.
The main issue farmers
in
Wisconsin have about growing hemp is
the lack of places to process the crops in Wisconsin,
this is why in
2018 far less people actually planted crops then where granted
liceses.
On the additional
40 acres
of land
Green Houses will be built to house the seedlings for each
planting, if timed right 2 planting per year could be done further
increasing the revenue of the farm.
With the Farm Bill looking to
be signed into law Integrated Cannabis is positioned to be a leader
in Wisconsin by having the ability to both store and process
industrial hemp into CBD Isolate.
Integrated Cannabis has been
reviewing other opportunities within the Cannabis sector and will
begin to give further updates shortly.
Integrated Cannabis
Solutions,
in compliance with SEC regulations, may in the future use social
media outlets like Facebook or Twitter and its own website to
announce key information in compliance with Reg FD.
Forward-Looking
Statements
This news release contains
"forward-looking statements" as that term is defined in Section
27(a) of the United States Securities Act of 1933, as amended and
Section 21(e) of the Securities Exchange Act of 1934, as amended.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other
things, estimates of services and
equipment markets, release of corporate apps, growth of platform,
target markets, product releases, product demand and, business
strategy. Actual results could differ
from those projected in any forward-looking statements due to
numerous factors. Such factors include, among others, the inherent
uncertainties associated with new projects and development stage
companies. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also consider that any investment in securities is at
risk.
Details of the
Company's business, finances, appointments and agreements can be
found as part of the Company's continuous public disclosure
on otcmarkets.com.
For additional information
about this release please contact:
Investor
Relations:
954-906-0098
Matt Dwyer
matt@integratedcannabissolutionsinc.com
www.integratedcannabissolutionsinc.com
Twitter
@IGPKOTC