Global Consortium, Inc.,
Issues Corporate Update to Shareholders
-
BDCI Files Name and
Ticker change with FINRA
-
Confirmation of No Reverse Stock Split
-
Merger in final stages to close within 1 week
valued at
$26,000,000.
-
Infused Edibles is opening its first licensed store this
month.
Coconut Creek, FL -- October
12, 2018 -- InvestorsHub NewsWire
-- Global
Consortium, Inc., f/k/a Bahamas Development
Corporation (OTCPINK:
BDCI) has filed its application
with FINRA to
change the Company's Name and Ticker, approval
times are usually within 15 calendar
days from submission.
Global is pleased to announce
there will be no reverse stock split, by slightly
increasing its Authorized shares from 1
billion to 1.750 Billion shares to have enough restricted shares in
treasury to cover this and future
transactions.
The purchase price will be decided based on the Closing Bid price
on the day before the Closing.
Based on the Assets and
Operations being acquired everyone felt the Company
should see
an increase in its value rather than prematurely file for a Reverse
Stock Split.
Global
Consortium, Inc. is the Florida private
company selling all of its assets to BDCI. The Company will cease
to exist after the merger leaving Global Consortium, Inc., the NV
corporation as the surviving entity.
Infused Edibles has its first
named licensed store opening this month. As per the terms of the
agreement 30-40% of the store's inventory must be Infused
products. Pictures are available on our Twitter feed
@Cannabisconsort
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
Twitter: @CannabisConsort
954-906-0098