Integrated Cannabis Solutions, Inc. (OTCPK:IGPK) entered into an agreement to acquire 49.5% stake in Consolidated Apparel, Inc. from Eugene Caiazzo on September 1, 2021. The purchase price to be paid by the buyer to Caiazzo for the 49.5% Acquisition and the 50.5% acquisition at closing shall be assumption of the first assumption of debt and the second assumption of debt and payment thereof to the creditors of consolidated, respectively. The buyer shall assume 49.5% for 50% of the total long term liabilities (loans, credit lines, notes), as follows: (a) the buyer shall assume 49.5% of the long term liabilities at closing; (b) from the date of closing, the buyer shall have a period of 6 months to pay the seller's creditors the 49.5% of the assumed liabilities. All shares of consolidated shall remain in escrow until such time that the conditions of 3.2 with respect to the 49.5% and 50.5% interests are complied with, respectively. Integrated Holding will have the option to acquire the remaining 50.5% of Consolidated (the “50.5% Acquisition”) in return for its consideration to Consolidated of its assumption of the remaining 50% of Consolidated's long term liabilities (the “Second Assumption of Debt”), and to pay the liabilities to the creditors associated with the Second Assumption of Debt within 6 months of our paying creditors associated with the First Assumption of Debt. Caiazzo shall remain as the President of Consolidated and shall manage the operations of Consolidated. Upon the completion of the Closing, the buyer's Board of Directors shall appoint Caiazzo as a member of the Buyer's Board of Directors. Prior to completion of the closing, the buyer and Caiazzo shall complete an Employment Agreement providing for Calizzo's responsibilities as Consolidated President and subject to negotiation between the respective parties, the buyer shall grant Cashless stock options to Caiazzo. The transaction is expected to close on November 30, 2021

Integrated Cannabis Solutions, Inc. (OTCPK:IGPK) cancelled the acquisition of 49.5% stake in Consolidated Apparel, Inc. from Eugene Caiazzo on December 13, 2021. Integrated Cannabis Solutions, Inc. entered into an agreement to acquire 100% stake in Consolidated Apparel, Inc. from Eugene Caiazzo on December 13, 2021.