- A Consolidated 3rd Quarter Supplemental Report to be filed soon
- The CPA firm retained is working on preparing the financials for an audit
- FINRA has issued a second round of comments
COCONUT CREEK, Fla., Nov. 20, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Consortium, Inc., (OTCPINK: BDCI) has filed its 3rd Quarter Report with OTCmarkets to remain current. The Report has
information regarding the Merger, future plans of the Company, and professionals retained by the Company to move on to the next
phase.
Global retained the CPA firm of Prager Metis, CPAs, LLC out of New York to consolidate all of the operations under Global
Consortium Holdings, Inc. They are preparing the financials to pass off to the auditors, once they have completed their
consolidation, a 3rd Quarter Supplemental Report will be filed on OTCmarkets showing what the consolidated holdings of Global would
have reported had the Merger been completed in January. Global has filed a Supplemental Report showing the P&L of Infused
Edibles for the 3rd Quarter.
Global in September retained Mr. Marc Adesso of the law firm Waller Lansden Dortch & Davis. Mr. Adesso specializes in cannabis
companies and head the firm's cannabis division. The Company has retained Mr. Adesso with the task of moving the Company off the
OTC to a higher exchange.
FINRA has responded to the responses submitted from the first round of comments with a second round of 9 comments. Global will
have the responses submitted to our counsel this week.
Work on the CBD processing lab being built on the farm in CO will begin next week, quotes have already been obtained to carve
out 2,000 square feet of the barn, add a concrete floor and other improvement needed.
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.
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.
For additional information about this release, please contact:
Investor Relations:
Matt Dwyer
matt@cannabisconsortium.net
www.cannabisconsortium.net
Twitter:@CannabisConsort
954-906-0098
