COCONUT CREEK, Fla., Oct. 19, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Bahamas Development Corporation (soon to be accepted as Global Consortium, Inc. d/b/a Cannabis Consortium) (OTCPINK: BDCI) (“Cannabis Consortium”) and its wholly endemic accessory BDCI Alliance Sub, Inc. (“Merger Sub”) accept completed a alliance with Global Consortium, Inc. (“Global”), whereby Global alloyed with and into Alliance Sub, with Global surviving. In the merger, shareholders of Global were issued shares apery 93.6% of the post-transaction voting and disinterestedness interests of Cannabis Consortium, and Global is now a wholly endemic accessory of Cannabis Consortium.
Articles of alliance were filed with the State of Florida on October 18, 2018 to aftereffect the merger.
Cannabis Consortium will anon book a name change with the State of Nevada to change its name to Global Consortium, Inc. and will book with FINRA aing anniversary for the name change and ticker change.
The shareholders of Global will charge to abandonment their certificates of Global to the alteration abettor of BDCI to accept their belted shares of Cannabis Consortium.
The bulk based on the transaction was over $40 actor dollars based on the assets of Global which accept now been injected into Cannabis Consortium, including those discussed below.
Indulge Oils, www.indulgeoils.com, a cannabis alcohol which is bogus and marketed in California. Indulge Oils has been application the cannabis bazaar for 2 years and has bound become a baton in the industry. Their exceptional oil is in such aerial appeal in the cannabis oil bazaar that it has been accustomed out by some of the better names in the cannabis industry for clandestine labeling. Cannabis Consortium will use Indulge to accomplish a abiding accumulation of exceptional oil to animate with its edibles. Indulge Oils is a exceptional “pesticide free” artefact accustomed afterwards cast as it is accepted for its abstention and aerial quality. Indulge Oils produces apple-pie and authentic oils that do not accommodate any balance particles, are non-toxic and non-carcinogenic. This is why Indulge Oils commands a exceptional for its oils and cartridges. Indulge Oils will accomplish 2 to 3 abstraction machines in CA, anniversary with the adeptness to aftermath 5 liters of oil per day.
Infused Edibles, www.infusededibles.org, currently has 140 aliment items it infuses with US developed CBD Isolate. This is believed to be the better bulk of articles produced by a distinct alloyed producer, acceptable over 17 aboriginal abode awards. Alloyed Aliment started out as a small, ancestors run bonbon aggregation in 2012 operating out of a 400 aboveboard bottom space. Alloyed Aliment now operates out of a 6,000 aboveboard bottom building, application 400 food with 9 sales reps and 8 distributors in 15 states. Alloyed Aliment is a white characterization ambassador for abounding brands currently on the market. Some of these white characterization articles are awash in the aforementioned locations as Alloyed Edibles. Cannabis Consortium has been alive on accretion Alloyed Edibles’ “White Label” program, and will advertise some above new audience already the Oil accomplishment ability is operational. The aing 6 months for Alloyed Aliment is absolute agitative with the acknowledgment of THC articles from Indulge Oils. The aggregation has amorphous demography preorders and has ordered 50,000 pre-printed state-regulated adjustable packages.
A new band of articles will be added to include; caliginosity vitamin gummies, CBD baptize acrid alcohol mixes, CBD shampoo/conditioner and beating oil.
CO Hemp Farm
Cannabis Consortium partnered with Green Matter Holdings, LLC and confused advanced with the 15-acre automated hemp acreage test. The ally accept assassin a bounded aggregation to accumulation the agriculturalist with 24,640 automated hemp clones at the amount of $5.00 per carbon in 3 altered strains to be buried on the analysis site. The agriculturalist is amenable for planting, caring and agriculture the crops. The ally will pay the agriculturalist a absolute of $100,000. The bounded aggregation was retained as a adviser to advice baby-sit the planting, growing, and agriculture of the automated hemp. The autumn will activate aing week, again will be afraid in the new barn to dry and awash in November. Automated hemp yields about 2,700 batter per acre that is awash as bio-mass for about $49 per pound. An advantage actuality explored is to accomplice with a lab to action the bio-mass which would access the net per acre from $100,000 to over $200,000 per acre.
Additional updates on new articles and acquisitions will follow, the Aggregation is currently alive on a new website as able-bodied to barrage with the accustomed name and ticker change.
Cannabis Consortium, in acquiescence with SEC regulations, may in the approaching use amusing media outlets like Facebook or Twitter and its own website to advertise key advice in acquiescence with Reg FD.
This account absolution contains “forward-looking statements” as that appellation is authentic in Section 27(a) of the United States Balance Act of 1933, as adapted and Section 21(e) of the Balance Exchange Act of 1934, as amended. Statements in this columnist absolution which are not absolutely absolute are advanced statements and accommodate any statements apropos beliefs, plans, expectations or intentions apropos the future. Such advanced statements include, amid added things, estimates of casework and accessories markets, absolution of accumulated apps, advance of platform, ambition markets, artefact releases, artefact appeal and, business strategy. Actual after-effects could alter from those projected in any advanced statements due to abundant factors. Such factors include, amid others, the inherent uncertainties associated with new projects and development date companies. These advanced statements are fabricated as of the date of this account release, and we accept no obligation to amend the advanced statements, or to amend the affidavit why absolute after-effects could alter from those projected in the advanced statements. Although we accept that any beliefs, plans, expectations and intentions independent in this columnist absolution are reasonable, there can be no affirmation that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should argue all of the advice set alternating herein and should additionally accede that any advance in balance is at risk.
Details of the Cannabis Consortium’s business, finances, accessories and agreements can be begin as allotment of the company’s connected accessible acknowledgment on otcmarkets.com.
For added advice about this absolution amuse contact:
Matt [email protected]r: @CannabisConsort954-906-0098
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