CANNABIS CONSORTIUM'S
15-ACRE
HEMP FARM
WILL BEGIN ITS
HARVEST IN
OCTOBER
-
Gross Yield from the farm could range from $1.5
to $3.0 million
-
Global has two buyers lined to purchase the
product
-
Proven revenue stream for BDCI
Coconut Creek, FL -- August
23,
2018 --
InvestorsHub NewsWire -- Bahamas Development
Corporation (OTCPINK:
BDCI) affiliate company Global Consortium,
Inc., dba
Cannabis Consortium and its partner
Green Matter
Holdings, LLC have been notified the
15-acre
industrial hemp farm will begin
harvesting in October.
The harvesting and drying
will take place in October and the sale will take place in
November.
Global currently has two buyers lined
up
to purchase the
Bio-Mass for a minimum of $1.5 million
and as much as $3 million exceeding the initial estimate per acre.
The difference in sale price is dependent on the final weight of
the plants after the harvest. Global and Green
Matter will split the proceeds 50/50 once the Bio-Mass is
sold in
November.
For Global this
test
proves the land
is viable and profitable while providing
a third stable
revenue stream for BDCI.
By the time of the sale in
November Global will have consolidated
the farm into BDCI and the revenue and income
will appear on
the 4th quarter report for
BDCI.
BDCI will rely on its
accounts to guide them on how best to flow the various revenue streams into the parent Company and maximize
its
net
income.
New pictures of the farm have
been posted at @Cannabisconsort
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