(BDCI) TO ACQUIRE CALIFORNIA COMPANY
CONSORTIUMGLOBAL
THE ACQUISITION WILL
SIGNIFICANTLY BOLSTER BDCI'S CANNABIS
MANUFACTURING, CULTIVATION AND DISTRIBUTION
CAPABILITIES.
-
The Company holds LOI's worth over $20
million
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License values are on the rise.
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Name Change Filed with FINRA, ticker Request
IVXX
InvestorsHub NewsWire --
October 29, 2018 Coconut Creek, FL
Global
Consortium, Inc. (OTCPINK:
BDCI) is pleased to announce
the Company will acquire a
large
California
cannabis
company that has
the Permit needed to operate in the Cannabis
business,
and on a large scale.
Currently
this company has LOI's to produce
millions of dollars of Oil per month, some of the LOI's are for
annual production while additional orders
are
calling
in
daily.
Due to the demand and growth
of Global with this acquisition, the back log of orders is so great
right now, Global is exploring new extraction equipment with the
capability of producing 10 times the amount of Oil per day, then
our current equipment.
The value of the 3 licenses held could be on the
rise in December if the State of California has its way. The State
is proposing a ban on licensing and branding agreements that would
essentially prohibit white-labeling. This is a good thing
for Global as all companies seeking to
do White Labeling would either lose their
brands or transfer them to us in exchange for a royalty fee, making
our Company more valuable.
Having a 64,000 square foot
building allows us the flexibility to manufacture
a significant
amount of
product -
in addition to our own distribution
platform -
we
will be able to
push products on to store
shelves at
a very high rate.
The Name and Ticker change
has been resubmitted to FINRA with a ticker request of IVXX
which translates
to "420",
although we can request up to 3 tickers
there is not
guarantee we will be assigned any of the 3 tickers we
chose.
Even though the CUP's were
granted in August for Manufacturing, Cultivation and Distribution,
we still waiting for our Certificate of occupancy to operate. The
final modifications to the building for electrical and plumbing as
requested by the City should be done shortly, and Global can call
for a final inspection.
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