Business
Cannabis Consortium and Its Partners Acquiring Exclusive Rights to Manufacture and Distribute All Products for an Award Winning Edible Infused Candy Company Located in California
Cannabis Consortium and Its Partners Acquiring Exclusive Rights to Manufacture and Distribute All Products for an Award Winning Edible Infused Candy Company Located in California.
About this update from Aj1g Inc.
[{"type":"text","content":"\n\n - Candy company revenues over prior 12-months were approximately $2 million\n - $600,000 in pending orders comesalong with the deal COCONUT CREEK, Fla., April 12, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Cannabis Consortium, Inc. and its partners are acquiring an exclusive license to manufacture and distribute in California the entire range of THC and CBD products belonging to an award winning Edible Infused Candy Company. The Candy Company is also headquartered in California. The Edible Company currently has distribution in approximately 400 retail outlets and generated approximately $2 million in revenue over the prior 12-month period. The 400 outlets and all of their revenue will be collected and serviced by the Partners of Cannabis. A small royalty per unit has been established. The Edible Company gives Cannabis an instant and expanded network to distribute its non-competing products in CA while working with its current Cannabis Distillate partners' distribution channels in California and Oregon. The new retail location just outside Los Angeles will also carry the products for sale, as will every other dispensary acquired. Cannabis and its Partners have a purchase option contained within the License Agreement to purchase 100% of the Edible Company. 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 would collect a premium rent from any asset it leases to the cannabis sector. About Cannabis Consortium: Cannabis Consortium is actively pursuing five (5) revenue streams in the cannabis marketplace: Specialty items Foodstuffs/Edibles Beverages Investment Research/New Products The first three (3) revenue streams are comprised of edible products and ancillary items related to the edible marketplace. The 4...