UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

  

FORM 8-K/A

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 29, 2016

 

1PM INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

 

Colorado

(State or other jurisdiction of incorporation)

 

333-203276

47-3278534

(Commission File No.)

 

(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 7.01. Regulation FD Disclosure.

  

On January 28, 2016, 1PM Industries, Inc. (the "Company") issued a press release (the "Press Release") regarding its up-listing to the OTCQB. A copy of the Press Release is furnished herewith as Exhibit 99.1.

 

Item 8.01. Other Events
  

(1) In January 2016, the Company begun selling its medical marijuana products to dispensaries in California. As of January 28, 2016, the Company's products are available in approximately 20 dispensaries in Northern California and the Company has conducted 5 in-store product samplings and have 3 scheduled for next week. The Company's goal is to expand to 100 dispensaries by the end of March 2016 and to conduct 3-5 in-store product samplings a week.

 

(2) On January 5, 2016, the Company's Board of Directors voted to extended the offering period of the S-1 for 90 days. The offering period for the S-1 will expire on April 9, 2016.

  

The Company's primary focus is on in-store sampling because it is an effective tool for driving and accelerating sales and distribution. In-store sampling drive: additional repeat purchase, sales for existing products and line extensions, brand franchise trial and sales and delivers new customers.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibits.

 

99.1

Press Release dated January 28, 2016

 

 
2
 

 

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.

 

 

 

1PM Industries, Inc.

 

    
Dated: January 29, 2016By:/s/ Joseph Wade

 

 

Name: 

Joseph Wade

 

 

Title:  

CEO

 

 

 

 

3




  EXHIBIT 99.1

 

1PM Industries Announces Up-Listing to OTCQB

 

Beverly Hills, California, January 28, 2016 – 1PM Industries, Inc. (OTC: OPMZ) announced today that the Company's common stock has been up-listed and approved for trading on the OTCQB Venture Marketplace. The Company also reiterated its strategy to create greater opportunity for its shareholders and attract new retail and institutional investors by providing transparency via this up-listing.

 

"We are extremely excited to announce our up-list to the OTCQB Venture Marketplace," stated Joseph Wade, CEO of 1PM Industries Inc. "This move represents our continued commitment to our shareholders, and we believe that trading on the OTCQB will enhance trading liquidity, broaden our shareholder base and continue to increase market adoption of our business model, thereby enhancing shareholder value."

 

The OTCQB is considered by the SEC as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.

 

"We have worked diligently towards this goal, and it exemplifies our commitment to building a great company," Mr. Wade stated. "These milestones open the doors to institutional investors and market makers who were not previously able to buy and sell shares of our company. Meeting the increased compliance and information requirements of OTCQB provides our investors greater confidence in the information we disclose and ensures our commitment to transparency and accountability."

 

"As we focus on building a business that delivers long term shareholder value, we believe this up-listing will enhance investor accessibility and serve as a stepping stone to meeting the listing requirements to up-list to the OTCQX and for admission to the NASDAQ Stock Exchange or NYSE in the future," states Mr. Wade.

 

About 1PM Industries.

 

1PM Industries is a Colorado corporation. The Company's business focuses on the sale and distribution of medical marijuana under the brand award winning Von Baron Farms.

 

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.

 

Contacts

1PM Industries, Inc.

(424) 253-9991

info@1pmindustries.com

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