1pm Industries, Inc. (OTC Pink: OPMZ) focuses on the sale and distribution of medical marijuana. Shares of the medical marijuana company are surging 66.67%, through early trading on Friday, September 8, 2017. Over the past month, 1pm Industries, Inc. has seen average daily volume of 36.48 million shares. However, volume of 56.93 million shares or dollar volume of $28,465, has already exchanged hands on Friday.

Shares of 1pm Industries, Inc. are jumping today, after the company filed an 8-K form, detailing of corporate updates. The company says has been approached by several California cannabis companies that are interested in going public. Currently, the company is working with four companies that are interested in going public through reverse mergers. Lastly, the company provided updates on a couple of share conversions. Here is the full press release detailing of the corporate updates:

1pm Industries, Inc. Press Release:

Item 8.01. Other Events

(1) The Company has been contacted by additional cannabis companies in California inquiring about our assistance in their desire to become a public company. These companies contacted us based on the success that our initial cannabis company has been experiencing.
(2) The Company is currently working with 4 companies. These company are in the following industries: Elder Care, Cannabis Cultivation, television production and energy shot and supplement company. Our officers have been assisting companies transforming from a private company to a public company since 2007. One of the initial reverse mergers completed by our officers was completed in 2008 and it successfully moved from the OTC to NYSE in 2014.
(3) On September 6, 2017, the Company received a notice of conversion from EMA Financial for 45,600,000 shares. There is $33,824.00 remaining on the note.
(4) On September 6, 2017, the Company received a notice of conversion from Typenex for 88,780,000 shares. There is $29,115.63 remaining on the note.

Here is the full press release detailing of the full 8-K: https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12272800

Add a Comment to this Post

comments