Business
Cannabis Consortium Offers to Purchase Building in Northern California for Edible Company
Cannabis Consortium Offers to Purchase Building in Northern California for Edible Company.
About this update from Aj1g Inc.
[{"type":"text","content":"\n\n Building sits in the Green ZoneProperty has been retrofitted with fencing and cameras COCONUT CREEK, Fla., April 13, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Cannabis Consortium, Inc. has made an offer to purchase a 2,700 square foot building in a lot in the Green Zone in Northern California.\n The building will be leased to Cannabis' operational Partners to run Infused Edibles www.infusededibles.org. Infused Edibles granted Cannabis and its partners a Master License Agreement for the entire United States and its Territories. Cannabis and its Partners were able to obtain a Master License Agreement for the entire United States and its Territories for THC infused Edibles, not just California as previously disclosed. Our Partners are Executing the Master License Agreement today and wiring the fee. After the building has been placed under contract, Temporary licenses will be applied so the Edible Company can extend operations to that facility. The timeline for obtaining the temporary license is expected by the end of May. The building will be the first of many tangible assets owned by Cannabis and leased back to its Partners at appropriate market rates for buildings in the cannabis sector. 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. 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 4th streams Investments into other private cannabis operations. The final stream...