GLOBAL CONSORTIUM TO
ACQUIRE ITS PARTNERS INTERESTS IN ALL THE CANNABIS
OPERATIONS
Annual revenue of the combined operations could exceed $100
million in fiscal 2019
Coconut
Creek, FL
-- June 1,
2018
-- InvestorsHub NewsWire
-- Bahamas Development
Corporation (OTCPINK:
BDCI) subsidiary company
Global
Consortium,
Inc., has made an offer to purchase
its
partners interests in all of the
various cannabis and
hemp projects being worked
on.
The transaction will be paid
for with cash and stock, the cash portion will be performance
based.
A condition to completing the
transaction is for our current president to resign to make
room for one of our Partners
to assume the
role of president and
director. This person has
years of hands on experience in
manufacturing, and a vast business
background that will add depth to the management of Cannabis
Consortium. A second position will be
created, vice president of
Mergers and Acquisitions. The
person filling this spot has years of
experience within the cannabis sector, and has been key to
finding the acquisitions that have
been completed.
Upon completion of a
successful transaction, Cannabis Consortium
would gain
control over all the revenue of
the following
operations:
Indulge Oil
Infused Edibles
A second oil distillate
operation
CBD oil distillate
Farms in CA (CO and NY
waiting on final contracts)
The annual revenue of the
combined operations listed above could exceed $100 million in
fiscal 2019.
The two companies are meeting
today to work out the details of the acquisition.
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