Global Consortium, Inc., Opens Phase One
of the Cannabis Mall
Inspections passed for Certificate of
Occupancy
-
5,000 sq
Manufacturing Suite opens
-
Phase Two which includes
Distribution,
Delivery, and Seedlings
underway
Coconut Creek, FL --
October 14, 2019 -- InvestorsHub NewsWire -- Global Consortium,
Inc., (OTCPINK:
GCGX) is pleased to
announce Phase
One of the Cannabis
Mall is open. The City completed and passed
the final
inspection on October 11, 2019,
with all the inspections passed
a
Certificate of Occupancy ("CO") will be issued.
The
issuance
of the CO for Cannabis
Manufacturing
is
the 3rd
manufacturing
CO
to be
issued in Sacramento
and
the
first
for manufacturing
using
Co2. There have
been approximately 40 other companies in Sacramento that have
failed to obtain a CO and went out of business during this
time.
With the CO being
issued this paves the way for the
Manufacturing Suite to begin
production of Indulge Oil &
Vape
Carts and
edibles
since the City has approved the Suite for the Manufacturing of
Edibles.
The planning and
production schedule for Phase Two has started
already, the next
Suite to come
online will house
Distribution,
Delivery, and
Seedlings.
Combing all three
operations within the next Suite will not only
expedite the process, but significantly reduce the cost to bring
these 3 operations online.
About Us:
Global Consortium,
Inc., is building America's First Cannabis
Mall in Sacramento,
CA which when completed
will house Manufacturing, Distribution, Delivery, Retail,
Testing, and Cultivation all
under one 64,000 square foot building. The Mall will house
the largest Manufacturing facility of THC and CBD Distillate and
Edibles believed to be operational in the United
States. Global
Consortium has leased 25,000 Square feet of the building with a
purchase option, the Company is
working to secure a first right of refusal for the remaining 39,000
square feet.
Global Consortium,
Inc., 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, the release of corporate apps,
growth of the 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:
www.GCGX.ORG
info@GCGX.ORG
investor@gcgx.com
Twitter:
@Global_GCGXOTC
512-267-2430