CANNABIS CONSORTIUM
AND ITS PARTENERS
ENTERING THE CANNABIS DISTILLATE
MARKET
Happy 4:20
Day
-
Cannabis acquired an Extraction Machine for
$200,000
-
Cannabis and its Partners will
manufacture their own
Oils
-
Projected Net revenue for 12 and 24 months is $6,000,000
and $10,000,000 respectively
Coconut Creek,
FL -- April 20, 2018 -- InvestorsHub NewsWire --
Bahamas
Development Corporation (OTCPINK:
BDCI) subsidiary company Cannabis Consortium, Inc.
has
purchased
an Oil Extraction machine today that
will be leased to its Partners to Distillate and
Manufacture Oil.
Cannabis's Partners have several years of
experience producing Cannabis Distillate.
With the
recent Master License deal with Infused Edibles it was natural fit to move
into the production of Cannabis and CBD Oils. The Oil will be
needed to infuse the products sold
under "Infused
Edibles" and marketed to the 400
outlets that Infuse Edibles services already.
The Extraction
machine will also be used to produce private label Oil for third
parties, Cannabis's Partners have already lined up 5 white label
partners.
Both
operations will be housed within the building Cannabis is seeking
to purchase in Northern California.
Cannabis
Consortium has added a new web page to its site www.cannabisconsortium.net
called
"California
Operations". The page has a detailed
presentation of how and when revenue will be generated.
Cannabis
Consortium does not own or operate any licensed cannabis
operations. 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 above average
rents from any
assets it leases to the cannabis
sector.
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