Business
Global Consortium, Inc.'s Brand Indulge Oils Starts Rolling Off the Manufacturing Line
Global Consortium, Inc.'s Brand Indulge Oils Starts Rolling Off the Manufacturing Line.
About this update from Aj1g Inc.
[{"type":"text","content":"\n\n\n\nGlobal Consortium, Inc.'s Brand Indulge Oils Starts Rolling Off the Manufacturing Line\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGlobal Consortium, Inc.'s Brand Indulge Oils Starts Rolling Off the Manufacturing Line\nIndulge to release new line \"Indulge Reserve\" to Boost Revenues\nPR Newswire\nCOCONUT CREEK, Florida, May 13, 2020\n\n\n\nCOCONUT CREEK, Florida, May 13, 2020 /PRNewswire/ -- Global Consortium, Inc., (OTCPINK: GCGX) brand Indulge Oils is pleased to announce its finished product, with potency tests showing mid to high 80s, began rolling off the line at the end of April. This marks the introduction of the revenue phase of the company, allowing GCGX to be among the few cannabis companies to become cash-flow positive.  \nThe finished product must now go with a Distributor who will send out a sample to be tested by an independent lab.  Upon issuance of a certificate of analysis by the testing laboratory that the cannabis batch has passed the testing requirements pursuant to this division, the distributor shall conduct a quality assurance review before distribution to ensure the labeling and packaging of the cannabis and cannabis products conform to the requirements of this division.\nThe Distributor must hold each lot in quarantine aka \"storage\" for 30 days prior to any sale taking place.\nIndulge Oils will essentially be building up a pipeline of oil ready for sale after each batch comes off quarantine.\nA couple of liters from each batch will be used to have carts made. One liter of oil can produce approximately 2,000 carts that can sold wholesale for initially $8.00 a cart, drastically increasing the profit margins from a single liter.  As the market learns of the return of Indulge Oils and the brand begins to build momentum again, the wholesale price will go up and more carts will be made.\nIn the summer a new line from Indulge Oils will be released \"Indulge Reserve\" these will be for the refined palate seeking a smooth crisp taste with a potency level of 90% or better.  These carts will be limited and sold for a p...