Indocan Resources, Inc. - IDCN
Mr. Ash is the President and a board member of Indocan Resources. He served in the United States Navy on board the USS Iowa (BB-61) and the Moinester (FF-1079). From 1987 to 1998, he worked in the Securities Industry as a stockbroker. Since then he has managed several multi-million dollar vacation properties on North Carolina's Crystal Coast.
Mr. Kau is the Secretary/Treasurer and board member of Indocan Resources. He earned a BS from UW Whitewater in 1971. He then owned and operated an 800 acre dairy farm from 1972-1988. He was employed by Commerce Group Corp in Milwaukee, Wisconsin, serving as a manager to finance, acquire, and deliver mining equipment to the their gold mine in El Salvador.
Indocan Resources was incorporated in Nevada in 1994, changed to Montana, and then to Wyoming in 2011. Articles of incorporation were made current in Wyoming on May 25, 2018. The stock currently trades on the Gray Market under the symbol IDCN.
Establish and maintain grow sites to produce full spectrum hemp for CBD oil production and to provide equipment and services to other growers including storage, production, laboratory facilities, and marketing.
In addition to growing hemp for the production of CBD oil, the Company plans to form strategic partnerships with sales channels to market its CBD oil in value added products. The Company has future plans to clone plants and seeds, and grow crops year-round in greenhouses to generate a steady revenue stream. Furthermore, medicinal herbs may also be grown.
The Company's business strategy is to operate in a limited geographical area to grow hemp and provide extraction, consulting, and additional services to other growers. We have lease agreements on four properties and are currently using three.
Start-up expenses are modest and are being provided by management. They include monies needed to support operations (lease of properties, planting equipment, seeds, and other production related needs). Most of the Company's liabilities will come from outside private loans and management investments.
The Company intends to leverage assets through banks or private borrowing. Profitability will depend on the timeliness of funding and the application of funds to produce hemp for CBD and extraction equipment for leasing. The information in this report is not complete and may be changed. Potential investors are responsible for their own due diligence.
The Company is currently preparing a Form 10 which will be filed upon completion. This business plan contains forward-looking statements which relate to the Company's future financial performance and involve risks, uncertainties, and other factors. Investors should only rely on the information contained in this document or to which you have been referred. No one is authorized to provide any information that is different from that contained herein.