CANNABIS
CONSORTIUM POSTS A COPY
OF THE CONDITIONAL USE
PERMIT, "CUP" TO
OTCMARKETS
-
City approves
minor modification
-
CUP allows Cannabis Consortium to
manufacture,
cultivate and
distribute THC
-
Final building upgrades being completed
Coconut Creek, FL --
September 05, 2018 -- InvestorsHub NewsWire
-- Bahamas Development
Corporation (OTCPINK:
BDCI) affiliate company Global Consortium, Inc.
dba Cannabis
Consortium and its partners received a copy of the CUP
(conditional use permit) for the building they are
purchasing.
The City of Sacramento
has approved the
minor modification that will allow the manufacturing,
distribution, and
cultivation
of
THC immediately. A copy of the CUP has been
posted to otcmarkets.com
https://backend.otcmarkets.com/otcapi/company/financial-report/201994/content.
The CUP will transfer with
the sale of the building, and was attached to the lease
of the space until the closing occurs.
Cannabis Consortium
and its
partners made sure that they
locked down the CUP for themselves.
The City of Sacramento
has supplied a
list of upgrades that need to be completed prior to the
issuance
of the city business permit. These upgrades have been
started and will be completed in the next couple
weeks. Once the upgrades have been
inspected, the business permit should be
issued.
Indulge Oils will be
operational in September or October, and revenue producing within 10
days from the start of production.
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