Planting trees I'll never climb.
- Feb 3, 2016
Holy word salad.Another $INQD delay. Expect a nasty dip. Still holding.
AUSTIN, Oct. 07, 2022 (GLOBE NEWSWIRE) -- AUSTIN – The management teams of Indoor Harvest Corp. (OTCPK: INQD) (“Indoor Harvest”) and Electrum Partners, LLC continue to work towards the completion of the transaction as previously communicated.
As the due diligence process has continued, increased focus on post-transaction international supply chain and distribution channels has opened additional previously unanticipated opportunities. The companies are working together to better understand and explore more in depth these potential opportunities from a domestic and international perspective and will continue due diligence with the desire and goal to complete the process as quickly as possible.
INQD CEO, Leslie Bocskor, stated “Progress is good. Responsible progress is a must. We will take the required time to assess and evaluate, bearing in mind the mutual goal of maximizing the returns of all potential opportunities, while being cognizant of tax issues, structural issues, due diligence, audit and other financial, governance, capitalization, communications, and compliance components of the proposed transaction.”
We continue to operate within a framework of building long term value, and are doing the heavy lifting daily to achieve, and even exceed our own internal expectations. Our commitment to quality, integrity, and shareholder value remains at the forefront of our focus. Our initially targeted October 7th date to consummate the transaction between Indoor Harvest and Electrum Partners will be delayed in a responsible manner with the goal to formally complete this transaction as quickly as possible. The Company will continue to communicate updates as we progress towards these goals.