Global Consortium, Inc. Initiates Construction on CBD Processing Lab and files Quarterly Report with Update.

Date : 11/20/2018 @ 4:56PM
Source :InvestorsHub NewsWire
Stock : Global Consortium Inc. (GCGX)
Quote : 0.0048  -0.0001 (-2.04%) @ 9:04PM

Global Consortium, Inc. Initiates Construction on CBD Processing Lab and files Quarterly Report with Update.

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

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