HARVEST UNDERWAY ON 15-ACRE HEMP FARM
- Colorado Department of Agriculture tests the plants twice
- Harvest expected to be completed by Friday
- Next planting in March will be 150 acres
- Proven revenue stream for BDCI
COCONUT CREEK, Fla., Oct. 23, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Global Consortium, Inc. (OTCPINK: BDCI) dba Cannabis Consortium, a wholly owned subsidiary of company Global Consortium, Inc., is pleased to announce its harvest has begun and is expected to be finished by the end of the week.
The Colorado Department of Agriculture tested the hemp plants twice during the grow cycle, clearing the way for harvesting. Over the weekend, the farmer and staff hand cut the first couple of rows to make room for the harvester. Pictures and videos of the harvest and the cut plants hanging in the drying barn are now available on our twitter feed @Cannabisconsort or OTCmarkets.
The farmer expects to complete the full harvest by the end of the week.
We are planning our next planting for March 2019 of 150 acres, followed by the full 600 acres later in the year. These two grows alone should yield $75 million in net revenue next year for Cannabis Consortium.
Once the plants have dried, the buds will be stripped, bagged and sold. Cannabis Consortium will keep some of the plants to process for its own needs and sell the remainder of the crop.
The Colorado farm has now proven to be a viable revenue stream for the company. The farm has the ability to produce plants that pass inspection and can be successfully harvested.
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.
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.
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For additional information about this release please contact:
Investor Relations:
Matt Dwyer
[email protected]
www.cannabisconsortium.net
954-906-0098
