Business
Global Consortium, Inc., Issues Update
Global Consortium, Inc., Issues Update.
About this update from Aj1g Inc.
[{"type":"text","content":"\nHarvest has been completed and final phase begins Update on retail and consumption location COCONUT CREEK, Fla., Nov. 02, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Consortium, Inc., (OTCPINK: BDCI) would like to take this time to update its shareholders on the progress of the company.\n The harvest of the 15-acre test farm has been completed. The farmer will begin to shuck the hemp plants today. This is the final phase before the crop is ready for sale. Once the hemp plants have been shucked, it will be weighed which will determine the true yield of the harvest. We anticipate a minimum weight of 2,700 pounds per acre. In May 2018, Global's partner filed for multiple cannabis licenses which included retail, consumption, delivery, and medical. The latest update from the City is that they plan to notify the approved applicants within 45 days. If all of the applied licenses are granted based on the comps from the sale of similar licenses, the licenses would have a value of approximately $46 million dollars. A company valued at over $1 billion dollars has submitted a written offer to purchase half of the retail license for $7 million dollars. A key advantage our group has is when the license applications were submitted, the buildout blue prints and contractors list for the space that has been rented since April of 2018 was also submitted. This will dramatically expedite the time to get the buildout finished and the retail shop and consumption room operating. The retail space could be up and running in March/April of 2019, and the consumption room would open in June/July of 2019. Once the licenses have been awarded, Global Consortium will acquire the company. 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-lo...