Global Consortium, Inc. Initiates
Construction on CBD Processing Lab and files
Quarterly Report with Update.
- A Consolidated 3rd Quarter
Supplemental Report to be filed soon
- The CPA firm retained is working on
preparing the financials for an audit
-
FINRA has issue a second round of comments
Coconut Creek, FL --
November 20, 2018 -- InvestorsHub NewsWire -- Global Consortium,
Inc., (OTCPINK:
BDCI) has filed its
3rd
Quarter
Report with OTCmarkets
to remain
current. The Report has information regarding the Merger, future
plans of the Company, and professionals
retained
by the Company to move on to the next phase.
Global retained the
CPA firm of Prager Metis, CPAs, LLC out of New York to consolidate
all of the operations under Global Consortium Holdings, Inc. They
are preparing the financials to pass off to the auditors, once they
have completed their consolidation a 3rd
Quarter
Supplemental Report will be filed
on OTCmarkets
showing
what the consolidated holdings of Global would have reported
had the
Merger been completed in January. Global has filed a
Supplemental Report showing the P&L of Infused Edibles for the
3rd
Quarter.
Global in
September retained Mr.
Marc Adesso
of the
law firm Waller Lansden
Dortch
& Davis. Mr. Adesso
specializes in
cannabis companies and head the firm's cannabis division. The
Company has retained Mr. Adesso
with the
task of moving the Company off the OTC to a higher
exchange.
FINRA
has responded to the
responses submitted from the first round of comments with
a second
round of 9
comments, Global
will
have the
responses submitted to
our
counsel
this week.
Work on
the
CBD
processing lab
being
built on the farm
in CO
will begin next week, quotes
have already been obtained to carve out 2,000 square feet of the
barn, add a concrete floor and other improvement needed.
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
Twitter:@CannabisConsort
954-906-0098