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.
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