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COCONUT CREEK, Fla., Aug. 10, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Bahamas Development Corporation (OTCPINK: BDCI) affiliate company Global Consortium, Inc. dba Cannabis Consortium and it partners have been negotiating with multiple companies to open and operate Indulge Oils manufacturing facilities to produce infused edibles and THC/CBD pens.
The deals would give Indulge Oils and Infused Edibles access to new markets, and as many as 40 new locations in which to sell their products. As part of the agreement, Indulge Oils and Infused Edibles would also be able to enter into white label deals for other companies as well.
Global Consortium anticipates executing these deals in August and September. The buildout to support all the new locations is expected to take 2-3 years.
With each deal, Global Consortium will enter into a 5-year agreement for the use of the manufacturing licenses in each state with multiple renewals. Safeguards will be built in to protect Global Consortium in case a company holding a license is sold, guaranteeing the new owners must adhere to the original contract.
This new deal is a game changer for Global Consortium and will give the company and its products a low entrance cost in 12 states across the country. Soon Indulge Oils and Infused Edibles will be in all the largest markets within the United States.
This is one of many deals that have been negotiated as we wait to begin operations in the new building. More acquisitions and exciting news will be coming soon.
BDCI along with Global Consortium and its partners are working on a rollup into BDCI. More details will be explained within the June Quarterly financials.
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.
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