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- City approves minor modification
- CUP allows Cannabis Consortium to manufacture, cultivate and distribute THC
- Final building upgrades being completed
COCONUT CREEK, Fla., Sept. 05, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Bahamas Development Corporation (OTCPINK: BDCI) affiliate company Global Consortium, Inc. dba Cannabis Consortium and its partners received a copy of the CUP (conditional use permit) for the building they are purchasing.
The City of Sacramento has approved the minor modification that will allow the manufacturing, distribution, and cultivation of THC immediately. A copy of the CUP has been posted to otcmarkets.com https://backend.otcmarkets.com/otcapi/company/financial-report/201994/content.
The CUP will transfer with the sale of the building, and was attached to the lease of the space until the closing occurs. Cannabis Consortium and its partners made sure that they locked down the CUP for themselves.
The City of Sacramento has supplied a list of upgrades that need to be completed prior to the issuance of the city business permit. These upgrades have been started and will be completed in the next couple weeks. Once the upgrades have been inspected, the business permit should be issued.
Indulge Oils will be operational in September or October, and revenue producing within 10 days from the start of production.
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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