UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter) |
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(State or other jurisdiction of incorporation) |
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(Address of principal executive offices) (Zip Code)
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Registrant’s telephone number, including area code:
6810 N State Road 7
Coconut Creek, FL 33073
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Integrated Cannabis Solutions, Inc. is referred to herein as “Integrated Cannabis, ”we”, “our”, or “us”, or the “Company”.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Matthew Dwyer as Chief Executive Officer/President/Chief Financial Officer/Director/Chairman of the Board
Effective December 27, 2022, Matthew Dwyer tendered his resignation as our Chief Executive Officer/President/Chief Financial Officer/Director/Chairman of the Board, which resignations did not arise from any disagreement with us or any matter relating to our operations, policies or practices. Matthew Dwyer’s resignation was approved by our Board of Directors.
Appointment of Gene Caiazzo as Chief Executive Officer/Chief Financial Officer
Effective December 27, 2022, our Board of Directors appointed Gene Caiazzo as our Chief Executive Officer/President/Chief Financial Officer/Chairman of the Board. Gene Caiazzo was appointed as our Director on October 3, 2022. Gene Caiazzo is the President of our wholly owned subsidiary, Consolidated Apparel, Inc.
Biography of Gene Caiazzo
Gene Caiazzo has been our Director since October 3, 2022. He has been the President and/Managing Member of Consolidated Apparel, Inc. and BDC Florida LLC, respectively, since June 21, 2021 and January 24th, 2017. From 2001 to 2017, Gene Caiazzo participated in the LED lighting and display sector, providing sales, marketing and sourcing expertise to companies such as Arrow Electronics, Wyndsor Lighting, HiTech Electronic Displays, Global Displays and Federal LED. Gene Caiazzo’s early career consisted of Coca-Cola as a Regional Sales Manager, and Premiere Marketing as Vice President of Sales, which provided major distribution of consumer electronics and computer components throughout the Caribbean and Latin American (CALA) regions.
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ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL Document). |
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*Filed herewith
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INTEGRATED CANNABIS SOLUTIONS, INC. | |||
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Date: January 3, 2023 | By: | /s/ Gene Caiazzo | |
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| Gene Caiazzo |
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| Chief Executive Officer |
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EXHIBIT 99.1
Integrated Cannabis Solutions, Inc. welcomes new Chief Executive Officer, Gene Caiazzo.
2023 Plans for Consolidated’s operations
January 3, 2023 – West Palm Beach, FL Integrated Cannabis Solutions, Inc. (“Integrated Cannabis” or the “Company”) (OTCPINK: IGPK) is pleased to share the following update.
Effective December 27, 2022, Gene Caiazzo became our sole Officer and the Chairman of the Board. Mathew Dwyer resigned from all positions and is no longer an Officer or Director of the Company.
Gene Caiazzo brings his strengths as a Chief Operating Officer of Consolidated Apparel, Inc. (“Consolidated”) to the Company. Five years ago, he purchased two entities to create Consolidated, has consistently increased sales while cutting costs, and brings true business operational experience to directing the Company’s operations.
Gene Caiazzo completed an interview with Buffalo Fireside Chats on Friday, December 30. The interview can be watched here: https://tinyurl.com/4z4tt585
As we begin 2023 with a fresh start, here is some of what is planned for Consolidated’s organic growth.
| 1- | New equipment. There is a new type of transfer in the middle between a heat transfer and dye sublimation that will allow Consolidated to sell dark-colored garments. The ability to add dark-colored garments has the potential to add as much as 30% to our annual revenues once installed on an annual basis. |
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| 2- | New products. We will be launching new products throughout the year. We will use our propriety methods and fabric to bring products not currently on the market. |
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| 3- | Online retail store. We will be launching an online retail store for our existing products, new products, and overstock items. We do not advertise for sales currently, and yet we sell several hundred dollars a week. We have the potential for our online store to grow into a significant portion of our future revenue with 40%-50% margins. |
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| 4- | Increased inventory. We have worked out a deal with our supplier to front-load Consolidated with 20,000 shirts on consignment. We will pay for the shirts as they sell, allowing Consolidated to sell more products, by having access to the inventory to meet demand. This has the potential to add an additional 30% to our existing revenues on an annual basis once the build-out is complete and the shirts are in place. |
We want to announce our new Shareholder phone line and email address: Phone/Text 954-235-2295 and Email: Shareholder@igpk.org. We will do our best to answer as many calls as possible, However, I strongly suggest sending an email for the fastest response.
Further updates are expected throughout the month regarding the progress on the California acquisitions, the launch of a new website for IGPK, and the name change.
The Company, in compliance with SEC regulations, will use social media outlets like Facebook or Twitter and its own website at www.igpk.org to announce key information in compliance with Regulation 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 that 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, including the above statements regarding potential revenues of which there are no assurances include, among other things, the relative growth of the Company’s future business, target markets, demand for products and services, adequate financing, ability to establish the new components of Consolidated’s business as described above, and business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. 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. No information in this press release should be construed in any manner whatsoever as an indication of our future revenues, financial condition, or stock price.
Investor Relations:
Gene Caiazzo
Email: Shareholder@igpk.org
Website: www.igpk.org
Twitter @IGPKOTC
Phone: 561-235-2295
Text: 561-235-2295
Cover |
Dec. 27, 2022 |
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Cover [Abstract] | |
Entity Registrant Name | INTEGRATED CANNABIS SOLUTIONS, INC. |
Entity Central Index Key | 0001002771 |
Document Type | 8-K |
Amendment Flag | false |
Entity Emerging Growth Company | false |
Document Period End Date | Dec. 27, 2022 |
Entity Incorporation State Country Code | NV |
Entity File Number | 000-56291 |
Entity Tax Identification Number | 90-1505708 |
Entity Address Address Line 1 | 1300 N. Florida Mango Road |
Entity Address Address Line 2 | Suite 30 |
Entity Address City Or Town | West Palm Beach |
Entity Address State Or Province | FL |
Entity Address Postal Zip Code | 33409 |
City Area Code | 561 |
Local Phone Number | 235-2295 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
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