Integrated Cannabis Solutions, Inc. (OTCPK:IGPK) entered into an agreement to acquire Consolidated Apparel, Inc. from Eugene Caiazzo on December 13, 2021. The consideration includes for IHS' acquisition of 100% of Consolidated in return for the Seller's consideration to the Buyer of 328,000 shares of our Convertible/Redeemable Series B par value $1.00 Preferred shares to Caiazzo. Further, the terms provide that: (a) Caiazzo shall remain as Consolidated's President and manage Consolidated's operations; (b) we will appoint Caiazzo as a member of our Board of Directors; (c) IHS and Caiazzo will complete an Employment Agreement providing for Caiazzo's responsibilities as Consolidated's President; (d) subject to negotiation between the Parties, we will grant Cashless stock options to Caiazzo.
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- Integrated Cannabis Solutions, Inc. entered into an agreement to acquire Consolidated Apparel, Inc. from Eugene Caiazzo.