Global Consortium, Inc., Negotiates
5-Year Lease in
Sacramento
-
Leased area increases from
5,000 sq ft to
25,000 sq ft
with ability to sublease
-
New lease has a 5-year term
with purchase option built in
Coconut Creek, FL --
September 9, 2019 -- InvestorsHub NewsWire -- Global Consortium,
Inc., (OTCPINK:
GCGX) has negotiated
a revised
lease
with an option to purchase 25,000 square feet of
the
building the company currently
leases in
Sacramento. Global is
currently trying to secure a First Right of Refusal on the
remaining
39,000 sq
ft of the building.
The
new
lease
and purchase
option
will be between the building
owner and Global Consortium,
Inc.
Leasing
a larger
portion of the building gives
the
Company time to get multiple
parts
of
the business
operational prior to purchasing
the building.
Global will use 5,000
sq feet for Indulge Oils and Infused
Edibles manufacturing
operations, as well as
manufacturing for White Label deals. Another 5,000
sq
feet will be used for
Delivery and Distribution, which
is
expected to be operational before the end of 2019.
The remaining 15,000
sq ft will be used to house cultivation and additional
manufacturing opportunities.
Following the
issuance of the Certificate of
Occupancy,
Indulge Oils will begin manufacturing its THC products for
sale.
About Us:
Global Consortium,
Inc., is building America's First Cannabis Mall,
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,
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
