David Still Challenges Goliath in California Cannabis, Integrated Cannabis Solutions Acquires 9.5 Acres
The Dank Investor Posted On September 25, 2019 
Many of us have seen the news that Cresco (OTCMKTS:CRLBF) has secured enough acreage in California to service California’s entire legal cannabis market needs. However, that is not stopping smaller companies like Integrated Cannabis Solutions from continuing it’s expansion plans. Today they announced their purchase of 9.5 Acres of land in California with intent to immediately move Cultivation and Extraction operations on the land while they work to get the plants growing.
Integrated Cannabis Solutions, Inc., (OTCPINK: IGPK) has executed a Purchase Agreement to purchase 9.5-acres in California. This purchase will allow Integrated to make a serious push into the largest legal Cannabis market in the world.
The Company has retained special counsel to assist with the Closing documents for this transaction. The land is being purchased for a combination of cash and stock, the property is zoned for M-1, M-5 and M-2 with the Final Closing subject to the issuance of the Conditional Use Permit (“CUP”). IGPK does not see any issue with obtaining the CUP, since the land is already zoned for Cannabis and management currently holds Cannabis licenses within the State of California already.
The property is within Los Angeles county, which is known for its efficiency issuing licenses, permits and Certificates of Occupancy to Cannabis companies.
The licenses that are available upon issuance of the CUP are:
Cultivation
Distributor
Transporter
Manufacturer
The only licenses not available is a Dispensary.
After the CUP is issued while the facilities are being built, the Company will place temporary structures on the property for Cultivation and Manufacturing. This will allow the property to generate revenue and cover the cost of construction without causing dilution to the Company.
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.
