$GCGX
Global Consortium, Inc., (OTCPINK: GCGX) is pleased to announce Manufacturing of Indulge Oils is underway at the Cannabis Mall. The City of Sacramento issued the Certificate of Occupancy ("CO"
for the manufacturing suite allowing the production of Indulge Oils to begin. Production will ramp up over the balance of 2019 heading into 2020 at or near full production.
Global Consortium as per Federal law is not allowed to own any Cannabis licenses or actually touch the plant. GCGX functions like every other US cannabis company does operating in the United States, by owning significant assets that are leased to licensed cannabis operators.
These assets consist of the building, machinery, IP, and brands. GCGX is compensated monthly through a management/service agreement. The more assets GCGX can acquire and lease back to licensed cannabis operators the more money it will earn monthly. The true value for GCGX is when the Brand(s) are sold, the sale would include all of the assets owned by GCGX at a significant markup as seen in other cannabis acquisitions.
Global Consortium is positioned in the right place for future acquisitions California, the world's largest legal market. The building being purchased next summer holds multiple licenses, which although not in GCGX's name are sold with the sale. California has been experiencing significant issues with the legal cannabis market rollout, which could take years to sort out. The market is wide open for new brands to enter the space.
Having all the components to cultivate, manufacture, edible manufacturing, Processing, distribute, and deliver all within the same space holds tremendous value. Then when you add in some house brands to the other assets within the building, you have an all-inclusive cannabis empire valued over $100 million based on other transactions in the industry.
Global Consortium, Inc., does not need to own the licenses they need to own everything else as they do.
Global Consortium, Inc., (OTCPINK: GCGX) is pleased to announce Manufacturing of Indulge Oils is underway at the Cannabis Mall. The City of Sacramento issued the Certificate of Occupancy ("CO"
for the manufacturing suite allowing the production of Indulge Oils to begin. Production will ramp up over the balance of 2019 heading into 2020 at or near full production. Global Consortium as per Federal law is not allowed to own any Cannabis licenses or actually touch the plant. GCGX functions like every other US cannabis company does operating in the United States, by owning significant assets that are leased to licensed cannabis operators.
These assets consist of the building, machinery, IP, and brands. GCGX is compensated monthly through a management/service agreement. The more assets GCGX can acquire and lease back to licensed cannabis operators the more money it will earn monthly. The true value for GCGX is when the Brand(s) are sold, the sale would include all of the assets owned by GCGX at a significant markup as seen in other cannabis acquisitions.
Global Consortium is positioned in the right place for future acquisitions California, the world's largest legal market. The building being purchased next summer holds multiple licenses, which although not in GCGX's name are sold with the sale. California has been experiencing significant issues with the legal cannabis market rollout, which could take years to sort out. The market is wide open for new brands to enter the space.
Having all the components to cultivate, manufacture, edible manufacturing, Processing, distribute, and deliver all within the same space holds tremendous value. Then when you add in some house brands to the other assets within the building, you have an all-inclusive cannabis empire valued over $100 million based on other transactions in the industry.
Global Consortium, Inc., does not need to own the licenses they need to own everything else as they do.
