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Integrated (OTCMKTS:IGPK) To Engage In Industrial Hemp Cultivation Freely
Integrated (OTCMKTS:IGPK) has today given its shareholder update for 2019. It is an update paying focus to the company’s accomplishments all the year-round. The update also captures earlier projection and performance for the First Quarter of 2020.
The update
This year has been a progressive one for the business guru. One of the most significant steps has been the company’s successful entry into the hemp and cannabis space in the US.
IGPK has been striving to get its processing license for many years. This has been a transformational year considering that it now has the license. This implies that it will now be able to engage in industrial hemp cultivation freely. Asides from that, it will also undertake processing activities in its facilities.
The new license gives the company the freedom to conduct its activities in Wisconsin. However, that is not the point the company will be stopping at. It has even greater dreams, and part of that is making headway into more states. The company is eyeing Florida and says that soon it will be seeking out for a license to carry out its business activities in location. Just like in Wisconsin, it wants to focus on growing industrial hemp and the processing as well.
Major business deals
The company says that it is almost through with the execution of multiple deals in California. It sees California as a massive opportunity for its business activities. This state has a huge market for cannabis products, and it will be seeking to leverage that.
The other thing is about its quest to garner a majority of stakes in a leading cannabis dispensary situated in Los Angeles. It is worth noting that this dispensary currently holds active licenses for the manufacture and the distribution of cannabis products.
Significant progress has been happening, and the other achievement is the successful purchase of a 9.5 acres piece of farmland. It is found in Lancaster, California, and the company has grand plans with it. The business has been consulting with engineers and architects in a quest to obtain a conditional use permit for this expansive property.
