Integrated Cannabis Solutions, Inc. (OTCPK:IGPK) entered into an agreement to acquire GCTR Management, LLC from Thomas Roland for $25 million on January 26, 2022. As part of consideration, ICS shall issue to the Thomas Roland 1,200,000 Preferred B Shares of ICS at $10.00 per share for aggregate consideration of $12 million. Post-Closing, for a period of 12 months following the closing date, should GCTR's average revenue over a 12 month period post-closing exceed the monthly revenue given in the agreement, the ICS shall pay the Thomas Roland, the cash consideration of maximum value of $13.2 million. Integrated Cannabis Solutions, Inc. and GCTR Management, LLC entered into amended agreement on March 17, 2022. As per amended agreement, Integrated Cannabis Solutions, Inc. acquired 49.9% stake in GCTR Management, LLC on March 17, 2022. and remaining 50.1% will acquire on or before September 15, 2022. As part of consideration, 0.59 million Preferred B Shares of ICS at $10.00 per share for aggregate consideration of $5.9 million and a maximum potential earnout payment of $6.58 million with respect to revenue goals for a period of 12 months post closing. ICS will have option to purchase the remaining 50.1% of the Membership Interests offering 0.6 million Preferred B Shares of ICS at $10.00 per share within 6 months of the date of this Agreement. Prior to completion of the Second Closing, ICS and Thomas Roland shall complete an Employment Agreement providing for Roland's responsibilities as Manager.
Upon the closing, the GCTR Management will become the Integrated Cannabis Solution's wholly-owned subsidiary. ICS will have redemption rights to purchase back the Preferred B Share Consideration within 6 months of ICS' issuance of said shares to the Seller at $10.00 per Preferred Share. ICS has the right to extend the Redemption Rights for an additional 6-month period. Roland shall remain as the Managing Member of GCTR and shall manage its operations. The transaction is expected to close on or before June 15, 2022.

Integrated Cannabis Solutions, Inc. (OTCPK:IGPK) cancelled the acquisition of GCTR Management, LLC from Thomas Roland on October 25, 2022. Further, the Parties agreed to work together to complete a new transaction