CANNABIS CONSORTIUM AND ITS
PARTNERS
SUBMITTED THEIR APPLICATION
FOR A RETAIL AND CONSUMPTION
LOCATION
-
The Semi-Private
Club will have 100 founding members
-
The licenses if
granted would be valued in excess of
$20 million dollars
Coconut
Creek, FL
-- June 25, 2018 -- InvestorsHub NewsWire
-- Bahamas Development
Corporation (OTCPINK:
BDCI) subsidiary company
Global
Consortium,
Inc. dba
Cannabis Consortium and its Partners have submitted their
application for multiple licenses for a new retail
and
consumption location just outside of Los
Angeles, CA.
The application was submitted
towards the end of May, 2018 and the City has stated it will award
the licenses toward the middle of summer.
Cannabis and its Partners
feel they have submitted if not the strongest application then one
of the strongest applications.
Multiple licenses have been sought
including retail Adult and Medical and a Consumption
license. Should all the licenses be
granted based on the comps of other similar licenses in the area
the value of these licenses would be in excess $20 million dollars.
Artist
renderings of the Retail and Consumption
room can
be viewed on the Company's website www.cannabisconsortium.net then click
on "Retail and
Consumption". Only a few pictures of the
Consumption room have been released until the Grand
Opening.
Bahamas Development
Corporation, in compliance with SEC regulations, may in the future
use social media outlets like Facebook or Twitter and its own
website to announce key information in compliance with Reg
FD.
Forward-Looking
Statements
This news release contains
"forward-looking statements" as that term is defined in Section
27(a) of the United States Securities Act of 1933, as amended and
Section 21(e) of the Securities Exchange Act of 1934, as amended.
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.
Such forward-looking statements include, among other
things, estimates of services and
equipment markets, release of corporate apps, growth of platform,
target markets, product releases, product demand and, business
strategy. Actual results could differ
from those projected in any forward-looking statements due to
numerous factors. Such factors include, among others, the inherent
uncertainties associated with new projects and development stage
companies. 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 consider that any investment in securities is at
risk.
Details of the
Company's business, finances, appointments and agreements can be
found as part of the Company's continuous public disclosure
on otcmarkets.com.
For additional information
about this release please contact:
Investor
Relations:
Matt Dwyer
matt@cannabisconsortium.net
www.cannabisconsortium.net
954-906-0098