1PM INDUSTRIES, INC. (OTCMKTS:OPMZ) Files An 8-K Other Events
Item8.01.Other Events
The Company announced today that it has divested itself of all
medical cannabis products. The decision to discontinue the
medical cannabis business was related to the regulatory
environment surrounding the industry, including but not limited
to financial institutions. The Company has merged a consulting
company that was created in January 2017. The Consulting entity
is currently owned by our officers and directors and will be
merged into the company for no compensation to our officers and
directors. The consulting company was created on January 23, 2017
and has generated approximately $1.3 million in revenue since
January 31, 2017.
About 1PM INDUSTRIES, INC. (OTCMKTS:OPMZ)
1pm Industries, Inc., formerly Torrent Energy Corp., is focused on the sale and distribution of medical marijuana under the brand Von Baron Farms. The Company sells various products, including Cookie Spread, Peanut Butter, CBD Cookie Spread, CBD Mango Shot, THC Shot, Combo Shot, and Pancake and Waffle Batter. The Company distributes its Von Baron Farms product at www.vonbaronfarms.com. The Company sells its products in approximately 40 dispensaries. The Company is also in the process of selling its Von Baron Farms product line in non-medical marijuana product line through Amazon and eBay. It is also engaged in the development of a CBD product line. The Company developed a line health and wellness products under the NewGenica brand. The Company developed four products under this brand, including AquaTrim, DreamTrim, Eat & Trim and D-Tox 15. The Company purchases the products from a third-party manufacturer who private labels health and wellness products. 1PM INDUSTRIES, INC. (OTCMKTS:OPMZ) Recent Trading Information
1PM INDUSTRIES, INC. (OTCMKTS:OPMZ) closed its last trading session up +0.00220 at 0.00410 with 6,507,438 shares trading hands.