Global
Consortium, Inc.'s Brand
Indulge
Oils starts
rolling off the manufacturing line.
Indulge
to release new line "Indulge Reserve" to
Boost Revenues
Coconut Creek, FL --
May 13, 2020 -- InvestorsHub NewsWire -- Global Consortium, Inc.,
(OTCPINK:
GCGX) brand Indulge
Oils is pleased to
announce
its finished
product, with potency tests
showing mid to high 80s, began rolling off the
line at the end of April. This marks the
introduction of the revenue phase of the company, allowing GCGX to
be among the few cannabis companies to become
cash-flow
positive.
The finished product
must now go with a Distributor who will send out a sample to be
tested by an independent lab.
Upon
issuance of a certificate of analysis by the testing laboratory
that the cannabis batch has passed the testing requirements
pursuant to this division, the distributor shall conduct a quality
assurance review before distribution to ensure the labeling and
packaging of the cannabis and cannabis products conform to the
requirements of this division.
The Distributor must
hold each
lot in
quarantine aka "storage" for 30 days prior to any sale taking
place.
Indulge Oils will
essentially be building up a pipeline of oil ready for sale
after each batch comes
off quarantine.
A couple of liters from
each batch will be used
to have
carts made. One liter
of oil can produce approximately
2,000
carts that can sold
wholesale for initially $8.00 a cart, drastically increasing the
profit margins from a single liter. As the market learns of
the return of Indulge Oils and the brand begins to build momentum
again, the wholesale price
will go up and more carts will be
made.
In the summer
a new
line from Indulge Oils
will be
released
"Indulge
Reserve" these will be for the refined palate seeking a smooth
crisp taste with a potency level of 90% or better. These
carts will be limited and sold for a premium.
About Us:
Global Consortium,
Inc., owns the brand
Indulge Oils which is being
manufactured and sold
in California.
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