CANNABIS CONSORTIUM
AND ITS PARTNERS
ACQUIRING
EXCLUSIVE RIGHTS TO MANUFACTURE AND
DISTRIBUTE ALL PRODUCTS FOR AN
AWARD WINNING EDIBLE INFUSED CANDY COMPANY
LOCATED IN CALIFORNIA
-
Candy company revenues over prior 12-months were
approximately $2 million
-
$600,000 in pending
orders comes
along with the deal
Coconut Creek,
FL -- April 12, 2018 -- InvestorsHub NewsWire --
Bahamas
Development Corporation (OTCPINK:
BDCI) subsidiary company Cannabis Consortium, Inc. and its
partners are acquiring
an exclusive
license to manufacture and distribute in California
the entire range
of THC and
CBD products belonging to
an award winning
Edible Infused Candy Company. The Candy Company is also
headquartered in California.
The Edible
Company currently has distribution in approximately 400 retail
outlets and generated approximately $2 million in revenue over the
prior 12-month period. The 400 outlets and all of
their revenue will be collected and
serviced
by the
Partners of Cannabis. A small royalty per
unit has been
established.
The Edible
Company gives Cannabis an instant and expanded network to
distribute its non-competing products in CA while working with its
current Cannabis Distillate partners' distribution channels in
California and Oregon. The new retail location just outside Los
Angeles will also carry the products for sale, as will every other
dispensary acquired.
Cannabis and
its Partners have a purchase option
contained within the License Agreement to purchase 100% of
the Edible
Company.
Cannabis
Consortium does not own or operate any licensed cannabis operation.
Cannabis Consortium is entitled to receive 15% of the annual net
revenue collected by its partners
from every
project it is involved with. The Company is also entitled to
receive 15% of the proceeds its partners receive
should any
company be sold. Cannabis acts as a consultant in these
transactions and is not involved in any day to day operations or
decision making for any of the licensed cannabis operations.
Cannabis may own assets in the future that are leased to various
licensed entities operating in the cannabis sector.
Cannabis would
collect a premium rent from any asset it leases to the cannabis
sector.
About Cannabis Consortium:
Cannabis
Consortium is actively pursuing five (5) revenue streams
in the cannabis
marketplace:
- Specialty items
Foodstuffs/Edibles
Beverages
Investment
Research/New
Products
The first three (3) revenue
streams are comprised of edible products and ancillary items
related to the edible marketplace. The 4th streams Investments
into other
private cannabis operations. The final stream,
Research, will focus on the medical
benefits of CBD oils for the treatment of animals.
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
954-906-0098