SARASOTA, Fla., Nov. 29, 2017 (GLOBE NEWSWIRE) -- BluDog Products LLC, a subsidiary of International Consolidated Companies, Inc. (OTC:INCC), is happy to report booking 1.5MM Revenue and Reduces Debt by $188k.
https://www.otcmarkets.com/financialReportViewer?symbol=INCC&id=183016
BluDog Products turnkey stackable grow houses
“We are very excited to work with Kale Lacroux, The Grow Light Club, who’s proprietary L.E.D. Modulation Systems have increased outputs in marijuana grow facilities exponentially,” said Jeffrey Halferty, JHD.
The problem: Under IRS code 280e Marijuana businesses cannot deduct normal expenses like rent; cost of goods, personnel, etc. and thus owe taxes on Revenue.
The solution: BluDog Products turnkey stackable grow houses will ONLY be available by lease to growers. This should provide a continual income stream while keeping the growers facilities state of the art and most efficient. Additionally, we understand the equipment lease payments are deductible to the growers as exception to 280e.
The plan: BluDog is in talks with several groups to place its stackable grow houses on land, which complies with state and local statutes for a lease back to licensed growers. This reduces the cost of entry to a lease payment. Opening the market to more participants.
The Company will issue more details as they develop in subsequent press releases.
BluDog is marketing its CBD products both direct to consumer and to distributors through specific distribution channels through its online store:
https://www.bludogproducts.com/pages/zenium
BluDog Products is strategically introducing a water-soluble CBD oil super food and wellness drinks (with an extended release formulation) that are easily absorbed. Using a licensed, patented CBD delivery system BluDog’s CBD products are an alternative over-the-counter therapeutic option to help relieve post-sports inflammation as well as promote relaxation and well-being. BluDog’s CBD products interact naturally with the body’s anti-inflammatory system without any known side effects.
International Consolidated Companies (INCC) was founded in 2002. INCC is focused on acquiring and growing businesses that offer innovation, quality, and cost-efficient Cannabis technologies.
Forward-looking disclaimer
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risk and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from the statements made herein. More Information: Antonio F. Uccello, INCC; (720-460-0734) (baltic38dp@me.com), www.BluDogProducts.com, @BluDogProducts
SOURCE: International Consolidated Companies, Inc.