Global Consortium,
Inc.,
Issues
Update
-
Harvest has been completed and
final phase begins
-
Update on retail
and consumption
location
Coconut Creek, FL -- November
2, 2018 --
InvestorsHub NewsWire -- Global Consortium,
Inc., (OTCPINK:
BDCI) would like to take this time
to update its shareholders on the progress of the
company.
The harvest of the 15-acre
test farm has been completed. The farmer will begin to shuck
the hemp plants
today.
This is the final phase before
the crop is ready
for sale.
Once the
hemp plants have been
shucked, it will be
weighed
which will
determine the true yield of the harvest. We anticipate a minimum
weight of 2,700 pounds per acre.
In May 2018, Global's partner filed for
multiple cannabis licenses which included
retail,
consumption, delivery, and
medical.
The latest
update from the City is that they plan to notify the
approved applicants within 45 days. If all of the applied
licenses are granted based on the comps from the sale of
similar licenses, the licenses would have a value of
approximately $46 million dollars.
A company valued at over $1
billion dollars has submitted a written offer to purchase half of the
retail license for $7 million dollars.
A key advantage our group has is
when the license applications were submitted, the buildout blue
prints and contractors list for the space that has been
rented since April of 2018 was
also
submitted.
This will dramatically
expedite
the time to get
the buildout finished and the retail shop
and consumption room operating.
The retail space could be up
and running in March/April of 2019, and the consumption room
would open in June/July of 2019.
Once the licenses have been
awarded, Global Consortium will
acquire
the company.
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