1PM INDUSTRIES, INC. (OTCMKTS:OPMZ) Files An 8-K Regulation FD Disclosure
Item 7.01.Regulation FD Disclosure.
The Company has received questions regarding the Companys
operations. The Company felt it was better to answer the
questions through an 8-K instead emailing the individuals
directly.
Q.1. Can the Company provide an update on revenues for the
year?
A.1. The Company has generated approximately $2,900,000 in
revenue since January 30, 2017. However, this number is a
non-GAAP number and represents the actual cash received by the
Company from its operations. The Company is currently working
with its auditors on its 10-K. Once the Company has completed the
audits we will provide monthly updates on our revenue.
Q.2. Is the Company looking to take on additional convertible
debt?
A.2. The Company would only take additional convertible debt
under the circumstances where it was at least $1,000,000 and we
could expect to drive 5-10 times top line revenue growth per
dollar received within 18 months. Additionally, there would be a
holding period of 6 months and ideally would only be convertible
in trances once every 6 months.
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 down -0.00057 at 0.00420 with 17,809,772 shares trading hands.
