COCONUT CREEK, Fla., Oct. 04, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE–Global Consortium, Inc., f/k/a Bahamas Development Corporation (OTCPINK: BDCI) is filing with FINRA to change the Name and Ticker to reflect the Merger with Global Consortium, Inc. dba Cannabis Consortium, Inc.
Global Consortium is required to send a letter to all of its shareholders informing them of the transaction, since Global is selling off all of its Assets.
The Merger has been approved by the Boards and Controlling Shareholders of all three companies.
The path to finalizing the Merger is procedural as no other approvals are needed.
The 15-acre farm in Colorado will be harvested this month and placed in the drying barn for sale next month.
The Building in California is having the final buildouts completed this week and will be submitting to the City for its Certificate of Occupancy, which once granted will allow the production of Oil to begin.
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.
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.
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