Global Consortium, Inc.'s Brand
Indulge Oils
Officially begins Producing Crude
Oil
Indulge Oils
will soon begin filling
its LOI for up to $175,000 per
day worth of Oil.
Coconut Creek, FL --
March 23, 2020 -- InvestorsHub NewsWire -- Global Consortium, Inc.,
(OTCPINK:
GCGX) brand Indulge
Oils is pleased to
announce its Manufacturer has
begun producing crude Oil which now activates
its LOI for up to 25 liters of Oil per day at $7,000 per liter.
Additionally, the Company is pleased to
announce that the
potency
levels has exceed expectations with potency tests showing mid to
high 80s, which is considered "supreme" and will
command
greater
than the estimated $7,000 per liter.
Our
Manufacture is able to
operate in CA since they hold a license for both Medical and
Recreational. With the lockdown in place for all of CA,
Medical
Cannabis has been deemed an essential business for the patients of
CA who need their medicine. Therefore, our
Manufacturer
is
deemed an
essential
business
and able
to fully operate during state wide
lockdowns.
Indulge Oils
will be listed as a
financially interested party, under the Cannabis
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.
CEO of Global
Consortium (GCGX)
had the following to say,
"When Indulge Oils was
purchased two years ago,
no
one
imagined
it would take almost 2 years before production would begin.
This finally puts the Company on track to begin booking revenue
month over month. We had expected to book revenue for the
first quarter, but the first sale is expected to take place in
early April. The high grade
crude produced from sourced crude should fetch a higher price due
to its potency"
Any dispensaries or
delivery businesses located in CA that
are able to service the
Medical Cannabis Market please visit www.IndulgeOils.com for more
information.
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