Global Consortium, Inc.'s Brand
Indulge Oils Negotiates
NEW Deal to Receive up to 80% of all
Sales
Indulge Oils still has an open
LOI for up to 25 liters
of Oil per day at $7,000 per
liter.
Coconut Creek, FL --
January 30, 2020 -- InvestorsHub NewsWire -- Global Consortium,
Inc., (OTCPINK:
GCGX) brand Indulge
Oils is pleased to
announce it has negotiated
a new highly
lucrative deal with the
licensed cannabis manufacturer that will
dramatically increase oil sale revenues.
Indulge Oils
will be listed as a
financially interested party, under the Cannabis company's
Manufacturing license
and will receive 75% from all sales of liters of Oil under its
brand name, furthermore
Indulge
will receive up 80% from the sale of all vape carts sold under
its brand
name.
This new deal is
significant for Indulge, which still has an open LOI for up to 25
liters a day of Oil at $7,000 per
liter, equating to an
estimated 3.5 million dollars per month from oil sales
alone
This new deal with
Indulge is a game
changer
for GCGX
and its shareholders who will reap the benefits of this new
deal from the dramatic
increase in revenues this new deal includes.
CEO of Global
Consortium (GCGX)
had the following to say,
"We are very happy to
finally be able to announce this new deal, which will be a game
changer for GCGX and its
shareholders. With the LOI for up to 25 litres
per day,
at a cost of $7,000 per liter, and now this new deal, we are
expecting exponential revenue growth in 2020"
Sales of Indulge Oils
will begin once the permit for the vent pipe has been issued and
the work has been inspected.
The permit process
can be tracked here:
https://sacramento.civicinsight.com/addresses/395284/8671-elder-creek-rd#case_number=com_1925297
About Us:
Global Consortium,
Inc., owns the brand
Indulge Oils which will be manufactured and sold in
California.
Global Consortium,
Inc., 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, the release of corporate apps,
growth of the 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:
www.GCGX.ORG
info@GCGX.ORG
Twitter:
@Global_GCGXOTC
954-906-0098