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Integrated Cannabis Solutions, Inc. (OTCPINK: IGPK) is a multifaceted company focused on acquiring and managing companies within the cannabis and apparel industries. The company's mission is to drive revenue growth and expand its asset base through strategic acquisitions and operational excellence.
Core Business Operations:
- Houdini Labs: A premier cannabis extraction company based in California, Houdini Labs specializes in developing and manufacturing high-quality THC oils and concentrates. With a robust extraction facility capable of processing up to 1,200 lbs. per day, Houdini Labs serves top brands in the fastest-growing segment of the California cannabis market. The company's services include toll processing, bulk crude and ultra-grade THC distillate production, and white-label solutions.
- Consolidated Apparel: This subsidiary focuses on customized apparel, employing 'Dye-Sublimation' techniques that allow for millions of colors and unparalleled detail. Consolidated Apparel serves a range of clients, including the prestigious Catalina Yacht Club, by providing customized artwork and high-quality garments. Recent product launches, such as a new hoodie line, have seen significant initial orders, signaling strong market acceptance.
Recent Achievements:
- Filed its 2022 Annual Report and First Quarter Report, both reporting revenue for the first time.
- Projected significant revenue growth with combined revenue expected to post over $900,000 for Q2 2023.
- Closed the acquisition of The Tahoe Group, LLC, expanding Houdini Group's capabilities into delivery, distribution, and light manufacturing sectors.
- Started the expansion of operations to the East Coast by establishing a new manufacturing facility in Florida.
Financial Condition:
Integrated Cannabis Solutions has seen a substantial increase in assets and is implementing cost-cutting measures to reduce annual operating costs. The company expects to see noticeable revenue growth in the upcoming quarters, driven by higher cannabis distillate prices and new product offerings.
Partnerships and Products:
- Houdini Labs: Collaborates with leading brands in California. The recent installation of an ethanol chiller has increased its refining capacity, allowing for the extraction of 60 liters of cannabis oil per shift. Plans to add a second shift and additional equipment will further enhance production.
- Consolidated Apparel: Has non-compete agreements with primary suppliers of Anti-Snag performance shirts, securing its market position. The company's new hoodie line has shown promising initial sales figures.
Integrated Cannabis Solutions, Inc. aims to leverage its diversified portfolio to achieve sustained growth and deliver value to its shareholders. The company uses social media and its website (www.igpk.org) to disseminate key information in compliance with SEC regulations.
For more information, visit IGPK's official website or follow them on Twitter @IGPKOTC.
Jun Fenghuang Group (OTC Pink: IGPK) announces a live YouTube interview with COO and President Dejun Wang on August 18, 2024, at 8 pm EDT. The interview, hosted on the Buffalo Fireside Chats channel, will provide shareholders with important company updates. Key topics to be discussed include:
- Second quarter filing
- Status of FINRA ticker change from IGPK to JFHE
- Consolidation of remaining company divisions and subsidiaries under the new ticker
This marks Wang's second live address to shareholders, following his successful appearance on May 22, 2024. The interview aims to keep investors informed about the company's expansions and developments.
Jun Fenghuang Group, also known as JFH Digital E-Commerce Co., (OTC: IGPK), has reported significant growth and expansion. The company has relocated to a new facility in Huizhou City, Guangdong Province, China, to accommodate its growing user base, which has surpassed 100 million users. The Group is preparing to file its second-quarter report with OTC Markets, demonstrating its commitment to transparency.
Jun Fenghuang rewards customers with blockchain tokens for purchases, which can be redeemed for discounts, special offers, or even company stock shares. The company recently celebrated its 5th anniversary and announced its future ticker symbol JFHE. It has submitted paperwork to FINRA and aims to list on NASDAQ upon merging all its divisions.
Integrated Cannabis Solutions, Inc. (IGPK) has announced the acquisition of Global Consortium Group, LLC, operating as Houdini Labs, a leading cannabis manufacturing facility in Sacramento, CA. This Type 7 lab is one of only two in the area, which positions Houdini to leverage a growing demand in the cannabis sector.
Management anticipates increasing revenue to approximately $1,000,000 per month due to extended operational hours and a surge in cannabis distillate prices, which have jumped from $550 to over $1,200 per liter. Houdini Labs is currently processing requests for over 1,000 liters of distillate daily.
Houdini Labs specializes in producing high-quality THC oils and concentrates, aiming to collaborate with major brands in California.
Integrated Cannabis Solutions, Inc. (OTC PINK:IGPK) announced the completion of its first acquisition transaction through its subsidiary, Houdini, Inc., on April 3, 2023. This acquisition coincides with a significant increase in cannabis distillate prices in California, rising from $550 to over $1,250 per liter. Houdini has received requests for more than 1,000 liters. The second acquisition involving Phoenix Delivery and Genesis Distribution is expected to close in June or July 2023. The company aims to enhance revenue and shareholder value through these strategic acquisitions amid a recovering cannabis market.
Integrated Cannabis Solutions (OTCPINK: IGPK) announces significant leadership changes and growth plans for 2023. On December 27, 2022, Gene Caiazzo became the sole Officer and Chairman, succeeding Mathew Dwyer. The company aims to enhance revenues by 30% through new equipment and product launches, alongside a dedicated online retail store projected to yield 40%-50% margins. Additionally, a deal with suppliers enables access to 20,000 shirts on consignment. Updates on California acquisitions and a new website are anticipated.
Integrated Cannabis Solutions (OTCPINK: IGPK) appointed Oleg Taktarov, former UFC Champion and actor, to its Advisory Board and as a Brand Ambassador. Taktarov will leverage his experience in MMA and entertainment to promote Integrated Cannabis' therapeutic products aimed at chronic pain relief. CEO Matt Dwyer expressed enthusiasm for Taktarov's role in connecting with the UFC community and Hollywood. The company aims to launch a line of wellness products and sports apparel through Consolidated Apparel and will communicate key information via social media and its website.
Integrated Cannabis Solutions, Inc. (OTCPINK: IGPK) announced the formation of a new wholly owned subsidiary, Houdini Group, Inc., which has executed acquisition agreements for two California-based cannabis entities: Houdini Labs and The Tahoe Group. The combined monthly revenue is over $500,000, with the potential to grow to $1.5 million in gross monthly revenue. The Tahoe Group operates as a distributor, providing delivery services, and infused manufacturing, while Houdini Labs focuses on cannabis extraction and product development.
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