CANNABIS CONSORTIUM IS FINALIZING
A MAJOR EXPANSION
INTO 12 STATES TO
MANUFACTURE
AND SELL ITS OILS AND
EDIBLES
-
Approximately 40 new locations
will be added with the expansion into new
states
-
Manufacturing operations in all
states
-
Indulge Oil and Infused Edibles
to receive shelf space in each new
state
Coconut Creek, FL -- August
10, 2018
-- InvestorsHub NewsWire -- Bahamas Development
Corporation (OTCPINK:
BDCI) affiliate company Global Consortium, Inc.
dba Cannabis
Consortium and it partners have been negotiating with
multiple companies to open and operate Indulge Oils manufacturing facilities to
produce infused edibles and
THC/CBD pens.
The deals would give
Indulge Oils and Infused
Edibles
access to new
markets, and as many as 40 new
locations in which to sell their
products. As part of the
agreement,
Indulge
Oils
and
Infused Edibles would also be able to enter into
white
label deals for other companies as
well.
Global Consortium
anticipates
executing these deals in August and
September.
The buildout to support all the new locations is expected to take
2-3 years.
With each
deal, Global Consortium
will enter into a
5-year agreement for the use of the
manufacturing
licenses in each state with multiple renewals.
Safeguards will be built in to protect Global Consortium
in case a company
holding a license is sold, guaranteeing
the new owners
must adhere to the original contract.
This new deal is a game
changer for Global Consortium
and
will give the
company and its products a low entrance cost in 12 states
across the
country.
Soon Indulge Oils and Infused
Edibles
will be in all
the largest markets within the United States.
This is one of many deals
that have been negotiated
as
we wait to begin
operations in the new building. More acquisitions and
exciting news
will be coming soon.
BDCI along with Global
Consortium
and its
partners are working on a
rollup into BDCI. More details
will be explained
within the June Quarterly
financials.
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