A variety of hemp has started to bud at one of our Palmyra, Wisconsin grow locations. Samples have been sent to the USDA for testing, and we are awaiting receipt of a fit for commerce certificate.
Indocan Resources, Inc. along with strategic partner Great Lakes Hemp LLC have contracted with Agrecol Corp. of Evansville, Wisconsin to grow a substantial number of Hemp plants under a share agreement.
Founded in 1991, Agrecol Corp. Native Nursery produces high quality Native Seeds, Plants and Special Erosion Control Systems.
Indocan's spring planting program is under way in Palmyra, Wisconsin.
Indocan Resources, Inc. is pleased to announce that we have entered into a banking services agreement effective on April 2, 2019.
This relationship will facilitate opening the website for commerce and taking the additional steps to ensure the long-term profitability of the enterprise.
Indocan Resosurces, Inc. has received a Certificate of Authority or Registration, authorizing the Company to transact Business in the State of Wisconsin by the Wisconsin, Department of Financial Institution.
The Indocan Resources, Inc. Board of Directors met by phone on February 21, 2019. The purpose of the meeting was to nominate and approve the Board of Directors and Officers.
The following Directors and Officers were Approved and Appointed: Kenneth (Ken) Ash: President and Board Chairman, Lawrence (Larry) Kau: Director, Secretary and Operations Manager, Laurence (Larry) Tate: Director, Treasurer and Marketing Manager.
Indocan Resources, Inc. is pleased to announce that we have entered into a contractual agreement to conduct a certified audit with Turner, Stone & Company, L.L.P. of Dallas, Texas.
This relationship, together with the recently hired accounting and book keeping firm W. William Cary, CPA & Company are two of the initial steps required for filing a Form 10, GENERAL FORM FOR REGISTRATION OF SECURITIES.
Indocan Resources, Inc. is pleased to announce the receipt of an Industrial Hemp Grower License for 2019 from the Wisconsin Department of Agriculture, Trade and Consumer Protection.
This follows a highly successful first hemp harvest under our license as an industrial Hemp Grower in 2018.
Indocan Resources, Inc. has retained W. William Cary, CPA & Company to perform Accounting and Bookkeeping services and to facilitate a Certified Corporate Audit for the Company.
Indocan Resources, Inc. (IDCN) is pleased to announce the lease (an arrangement for use) of a modern, certified, well-equipped laboratory located in Sullivan, Wisconsin.
Possession will be available January 1, 2019 at which time the recently purchased Ultrasonic CBD OIL Extractor and grindng equipment will be installed.
Full-scale operation is expected to commence within one week following testing. This is a major step in bringing IDCN into processing of the recently harvested hemp crop, currently in temporary storage.
It's anticipated that CBD enhanced products other than bud will be available for sale within one month.
The E-Commerce site will be finished soon and custom processing will be available to other producers.
Indocan's grinder/shredder arrived on Thursday, November 8 and is already in use producing multiple products for sale as well as plant byproduct for oil extraction.
In addition, the company has purchased an Ultrasonic CBD extractor which should arrive and be in use by the end of November. This machine will be used to extract essential oils from hemp and herbs grown by the company and herbs purchased from other companies.
The company will also lease the extractor to its strategic partner, Great Lakes Hemp, LLC. one of the largest growers of hemp in southern Wisconsin. It will be used both for its own product and for processing material for other area growers.
Indocan has signed a Letter of Intent with Great Lakes Hemp, Inc., one of the largest hemp growers in southern Wisconsin, to be a strategic partner; providing canabanoid products and services focused on various extraction technologies, distillation, canabanoid isolation and purification. Indocan has purchased a grinder/shredder to enable the production of a uniform shredded product for the smoking/vape market. This machine will also be used in the preparation of herbs for extraction.
The plant buds will be offered for sale on the website in the near future.
Indocan Resources, Inc. has received a "Fit For Commerce Certificate" from the Wisconsin Department of Agriculture on its harvested hemp crop. Potency test results were extremely positive. An independent test agency reported that Indocan's hemp tested among the highest CBD levels in southern Wisconsin.
These announcements contain 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. In some cases, you can identify forward-looking statements by the following words: ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''may,'' ''ongoing,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''should,'' ''will,'' ''would,'' or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.