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Building sits in the Green Zone
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Property has been retrofitted with fencing and
cameras
Coconut Creek,
FL -- April 13, 2018 --
InvestorsHub NewsWire -- Bahamas Development
Corporation (OTCPINK:
BDCI) subsidiary company Cannabis Consortium, Inc.
has made
an offer to
purchase a 2,700 square foot building in a lot in the Green Zone in Northern
California.
The building
will be leased to Cannabis' operational Partners to run Infused
Edibles www.infusededibles.org.
Infused
Edibles granted Cannabis and its partners a
Master License
Agreement for the entire United States
and its Territories. Cannabis and its Partners
were able to obtain a Master License Agreement for the entire
United States and its Territories for THC infused
Edibles, not just California as
previously disclosed. Our Partners are Executing
the Master License Agreement today and wiring the
fee.
After
the building has
been placed under contract, Temporary licenses will be
applied for so the Edible Company can
extend
operations
to that
facility. The timeline for
obtaining
the temporary
license is expected by the end of May.
The building
will be the first of many tangible assets owned by Cannabis and
leased back to its Partners at appropriate
market
rates for buildings in
the
cannabis sector.
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 will receive 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