$GCGX Global Consortium, Inc. continues to build out America's first Cannabis MallPress Release | 02/04/2019
America's first Cannabis Mall
Distribution opening shortly
Expanding footprint across California, expanding brand portfolio
COCONUT CREEK, Fla., Feb. 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Global Consortium, Inc., (OTCPINK: GCGX) is designing and building out America's first "Cannabis Mall".
The Cannabis Mall, when completed will house Manufacturing, Distribution, Delivery, Retail and Cultivation all under one 64,000 square foot building. The Mall will house the largest Manufacturing facility of THC and CBD Distillate and Edibles believed to be operational in the United States.
The Distribution space will be leased out to a 3rd party with a 50% revenue share for Global, and all of Global's products will be distributed for free. The completion of the build out and final inspections are expected to be completed by April 1, 2019, at which time Distribution will go operational.
The Delivery space will operate the same as Distribution and is expected to come operational in the next Quarter.
While we wait for Distribution and Delivery to come online, Global is busy forging relations to expand our footprint beyond Sacramento. Global is seeking to acquire other brands to manufacture and add to their portfolio.
Global Consortium, Inc., 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-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.
Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure on otcmarkets.com.
For additional information about this release please contact:
Investor Relations:
Matt Dwyer
Twitter: @Global_GCGXOTC
954-906-0098
America's first Cannabis Mall
Distribution opening shortly
Expanding footprint across California, expanding brand portfolio
COCONUT CREEK, Fla., Feb. 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Global Consortium, Inc., (OTCPINK: GCGX) is designing and building out America's first "Cannabis Mall".
The Cannabis Mall, when completed will house Manufacturing, Distribution, Delivery, Retail and Cultivation all under one 64,000 square foot building. The Mall will house the largest Manufacturing facility of THC and CBD Distillate and Edibles believed to be operational in the United States.
The Distribution space will be leased out to a 3rd party with a 50% revenue share for Global, and all of Global's products will be distributed for free. The completion of the build out and final inspections are expected to be completed by April 1, 2019, at which time Distribution will go operational.
The Delivery space will operate the same as Distribution and is expected to come operational in the next Quarter.
While we wait for Distribution and Delivery to come online, Global is busy forging relations to expand our footprint beyond Sacramento. Global is seeking to acquire other brands to manufacture and add to their portfolio.
Global Consortium, Inc., 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-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.
Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure on otcmarkets.com.
For additional information about this release please contact:
Investor Relations:
Matt Dwyer
Twitter: @Global_GCGXOTC
954-906-0098
