CANNABIS CONSORTIUM SECURES
AN ADDITIONAL
$375,000
PRIVATE PLACEMENT FOR
15-ACRE
HEMP TEST
-
$125,000 GROSS YIELD PER
ACRE
-
$95,000 NET PER ACRE FOR
CANNABIS AND ITS PARTNERS
-
TOTAL OF 800 ACRES WILL BE PLANTED AFTER
TEST
Coconut Creek,
FL -- April 26, 2018 -- InvestorsHub NewsWire --
Bahamas
Development Corporation (OTCPINK:
BDCI) subsidiary company Cannabis Consortium, Inc.
has
secured a
second
Private Placement
of $375,000 to plant 15 acres of hemp on a 1,400 acre
farm to validate
crop yields and document
actual
income streams
accruing to the Company.
Cannabis
estimates the initial 15 acres will net $1,425,000 of which
Cannabis will receive its initial investment of $375,000 back, plus
an additional 15% of the net.
A soil sample
was taken prior to receiving the financial commitment
from the
investor, and the soil test was returned
from the lab proving there are no toxins or pesticides
present.
The
15-acre hemp test plot is being prepared
now, and planting is scheduled for May 2018. The farmer estimates
two crop grows annually. If the initial test is
proven, the next layer of the plan is to plant up to 800 acres of hemp.
The
estimated
gross revenue expected to accrue
annually from 800 acres is
$160,000,000 minus $20,000,000 in operating
expenses, resulting in
a
net
of
$140,000,000.
After the first year of operation the farm may expand to 1,400
acres
The $375,000
investment is completely non-dilutive to BDCI. No shares, options,
warrants or debt agreements were executed by BDCI in the acceptance
of this money, and the investor will receive shares in Cannabis
Consortium.
Cannabis
Consortium does not own or operate any licensed cannabis operation.
Cannabis Consortium is entitled to receive 15% of the annual net
revenue collected by its partners
from every
project it is involved with. The Company is also entitled to
receive 15% of the proceeds its partners receive
should any
company be sold. Cannabis acts as a consultant in these
transactions and is not involved in any day-to-day operations or decision
making for any of the licensed cannabis operations. Cannabis may
own assets in the future that are leased to various licensed
entities operating in the cannabis sector. Cannabis will receive rent from any asset it leases
to the cannabis sector.
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
954-906-0098