UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 23, 2017
1PM INDUSTRIES, INC. |
(Exact name of registrant as specified in its charter) |
Colorado
(State or other jurisdiction of incorporation)
333-203276 |
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47-3278534 |
(Commission File No.) |
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(IRS Employer Identification No.) |
312 S. Beverly Drive #3104, Beverly Hills, California |
(Address of principal executive offices) (zip code) |
(424) 253-9991 |
(Registrant’s telephone number, including area code) |
_______________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Item 8.01. 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.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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1PM Industries, Inc. |
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Dated: February 23, 2017 |
By: |
/s/ Joseph Wade |
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Name: |
Joseph Wade |
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Title: |
CEO |
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