AUSTIN, Texas, Dec. 13, 2019 (SEND2PRESS NEWSWIRE) — Indoor Harvest Corp. (OTC: INQD) announced today the development of the 2020 New Outlook Plan along with impending initial ventures/agreements validating Indoor’s approach to leverage a variety of factors making Indoor an attractive venture, merger, technology, partner through its public company platform.
The Company seeks to market its position in the capital market as a publicly trading company, with established auditing, transfer agent, management, market relationships, and shares that trade publicly, and other attributes, to have private companies with revenues, technology, contracts, assets, relationships and or other benefits, integrate with Indoor.
According to Tom Cook, CEO, “I stepped into the role of interim CEO this year and will continue short term as we move into 2020 launching discussions, communications, presentations and other efforts with companies involved with cannabis, hemp and CBD, pending the addition of a long-term CEO.
“We recognize two powerful points in our New Outlook: one, the industry, namely cannabis, CBD and hemp is very attractive to funds, brokers and investors, with political or regulatory shifts in favor of cannabis potentially creating a wave in increased valuations and deals; also, being a public company, we offer a platform for private companies to merge, exchange securities or the like, venturing with us, a reporting publicly traded company.”
As a first material move, the Company has restructured and cut certain costs, and advanced different efforts to undertake deals with existing businesses in the “space,” with synergistic aspects. Discussions and due diligence are underway. Management forecasts an announcement regarding a targeted business soon, December, 2019. The Company is regularly being approached by individuals and firms seeking to offer an acquisition to add to the Company. The Company is close to an announcement. As part of the 2020 expansion plans the Company has cut a variety of costs and taken strategic steps like incorporation into the platform of an international auditing firm offering services in the U.S and Asia, to be principal auditor.
About Indoor Harvest:
Indoor Harvest, through its brand name Indoor Harvest®, is focused on leveraging our new 2020 New Outlook Plan, incorporating mergers and acquisitions, and ventures, as part of an M&A/vertical integration strategy, along with pursuing our technology and planning, we developed on Aeroponic Cultivation technology. Primarily, we are looking for targets or partners with synergistic enterprises in the Cannabis and related industry as part of being an integrated consolidation platform offering cannabis, hemp, CBD related companies the opportunity to be part of a bigger play, sharing intellectual capital, technology, access to new capital markets and liquidity for investors. We bring to the table a publicly trading company, with auditing and a variety of market relationships.
Safe Harbor: This document contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words “estimate,” “anticipate,” “expect,” “believe,” and similar expressions are intended to be forward-looking statements.
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Ticker: OTC: INQD / OTC:INQD / OP: INQD / OTCMKTS:INQD /
News Source: Indoor Harvest Corp.