(Total Views: 189)
Posted On: 06/01/2018 11:36:45 AM
Post# of 107026
$TGGI - going up - owns majority shares of Cannabis Consortium:
GLOBAL CONSORTIUM TO ACQUIRE ITS PARTNERS INTERESTS IN ALL THE CANNABIS OPERATIONS
Annual revenue of the combined operations could exceed $100 million in fiscal 2019
Coconut Creek, FL -- June 1, 2018 -- InvestorsHub NewsWire -- Bahamas Development Corporation (OTCPINK: BDCI) subsidiary company Global Consortium, Inc., has made an offer to purchase its partners interests in all of the various cannabis and hemp projects being worked on.
The transaction will be paid for with cash and stock, the cash portion will be performance based.
A condition to completing the transaction is for our current president to resign to make room for one of our Partners to assume the role of president and director. This person has years of hands on experience in manufacturing, and a vast business background that will add depth to the management of Cannabis Consortium. A second position will be created, vice president of Mergers and Acquisitions. The person filling this spot has years of experience within the cannabis sector, and has been key to finding the acquisitions that have been completed.
Upon completion of a successful transaction, Cannabis Consortium would gain control over all the revenue of the following operations:
Indulge Oil
Infused Edibles
A second oil distillate operation
CBD oil distillate
Farms in CA (CO and NY waiting on final contracts)
The annual revenue of the combined operations listed above could exceed $100 million in fiscal 2019.
The two companies are meeting today to work out the details of the acquisition.
GLOBAL CONSORTIUM TO ACQUIRE ITS PARTNERS INTERESTS IN ALL THE CANNABIS OPERATIONS
Annual revenue of the combined operations could exceed $100 million in fiscal 2019
Coconut Creek, FL -- June 1, 2018 -- InvestorsHub NewsWire -- Bahamas Development Corporation (OTCPINK: BDCI) subsidiary company Global Consortium, Inc., has made an offer to purchase its partners interests in all of the various cannabis and hemp projects being worked on.
The transaction will be paid for with cash and stock, the cash portion will be performance based.
A condition to completing the transaction is for our current president to resign to make room for one of our Partners to assume the role of president and director. This person has years of hands on experience in manufacturing, and a vast business background that will add depth to the management of Cannabis Consortium. A second position will be created, vice president of Mergers and Acquisitions. The person filling this spot has years of experience within the cannabis sector, and has been key to finding the acquisitions that have been completed.
Upon completion of a successful transaction, Cannabis Consortium would gain control over all the revenue of the following operations:
Indulge Oil
Infused Edibles
A second oil distillate operation
CBD oil distillate
Farms in CA (CO and NY waiting on final contracts)
The annual revenue of the combined operations listed above could exceed $100 million in fiscal 2019.
The two companies are meeting today to work out the details of the acquisition.
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