Global Consortium, Inc., Ramps up
Production
-
Manufacturing Indulge Oils
-
Building the Asset base
Coconut Creek,
FL -- November 26, 2019 --
InvestorsHub NewsWire -- Global Consortium, Inc., (OTCPINK:
GCGX) is pleased to
announce Manufacturing of
Indulge Oils is underway at the Cannabis
Mall. The
City
of
Sacramento issued the Certificate of
Occupancy ("CO") for the manufacturing
suite allowing the production of Indulge Oils to
begin. Production
will ramp up over the balance of 2019 heading into 2020 at or near
full production.
Global Consortium as
per Federal law is not allowed to own any Cannabis licenses or
actually touch the plant. GCGX functions
like
every other US cannabis company does operating
in the
United States, by owning significant assets that are
leased to
licensed cannabis operators.
These assets consist
of the building, machinery, IP, and brands. GCGX is
compensated monthly through a management/service agreement.
The more assets GCGX can acquire and lease back to licensed
cannabis operators the more money it will earn monthly. The
true value for GCGX is when the Brand(s) are sold, the sale would
include all of the assets owned by GCGX at a significant
markup as seen in other cannabis acquisitions.
Global Consortium is
positioned in the right place for future acquisitions
California, the
world's
largest
legal market. The building
being purchased next summer holds multiple licenses, which although
not in GCGX's name are sold with the
sale.
California has been experiencing significant issues with the
legal cannabis
market
rollout,
which could take years to sort out. The market is wide open
for new brands to enter the space.
Having all the
components
to
cultivate, manufacture, edible
manufacturing, Processing,
distribute, and
deliver all within the same space holds tremendous
value.
Then
when you add in some house
brands to the other assets within the building, you have an
all-inclusive cannabis empire valued over $100 million based on
other transactions in the industry.
Global Consortium,
Inc., does not need to own the licenses they need to own everything
else as they do.
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
Twitter:
@Global_GCGXOTC
954-906-0098