Integrated Cannabis Solutions Inc. (OTCMKTS:IGPK) has announced about filing its Super 8-K with audited financials of its new subsidiary, Consolidated Apparel, Inc. On October 12, 2022, a Super 8-K/A with proforma financials was filed as well.
Trading Data
On Wednesday, IGPK stock increased 35.71% to $0.0019 with 9.08 million shares, compared to its average volume 5.86 million shares. The stock moved within a range of $0.0015 – 0.0019 after opening trade at $0.0015.
Integrated Cannabis Solutions Expands Assets and adds $1.2 mill in Revenue
Both financials mentioned above, show a combination of both Integrated and Consolidated for the year ending December 31, 2021 and the 6 months ending June 30, 2022. For the 6 months period ending June 30, 2022, Consolidated’s assets are $400,898 (including cash of $37,871), revenues of $675,626, and costs and expenses of $569,549. For the 12 months ending December 31, 2021, Consolidated’s assets are $295,173 (including cash of $58,668), revenues of $1,224,524, and total costs and expenses of $1,119,972.
The Super 8-K has now been officially filed, and Consolidated is the company’s wholly-owned subsidiary, which allows Integrated Cannabis Solutions to finish some open tasks that include a new website, name change, new directors, and OTCQB quotation.
The State of Nevada did approve the name change in June 2022, but it couldn’t file with FINRA until after the Super 8-Kk was filed. They are talking to counsel to resume the process of changing the name to Integrated Holding Solutions, Inc. and have requested about retaining the same ticker, for convenience. The new website for Integrated will be published once the name change has been filed with the State of Nevada, as they await final approval from FINRA. The company will also appoint new Directors after securing D&O insurance.
Technical Data
IGPK stock is trading below the 20-Day and 50-Day Moving averages of $0.0019 and $0.0022 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0022.
