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Matt Dwyer, CEO of Global Consortium, Inc. (d/b/a Cannabis Consortium) (Pink Sheets: BDCI), called in to SmallCapVoice.com, Inc. to go over the tremendous progress for the company here in 2018, the recently completed merger, the new assets that came along with the merger, the recent harvests in Colorado and much more. Recently the Company issued this update on an upcoming planting: 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.
Global Consortium, Inc recently completed a merger acquiring multiple companies in the Cannabis space. The companies acquired are Infused Edibles, Indulge Oils and a Hemp farm in CO. Infused Edibles has 140 food items it infuses with US grown CBD Isolate. This is believed to be the largest amount of products produced by a single infused producer, winning over 17 first place awards. Infused Edibles operates out of a 6,000 square foot building, servicing 400 stores with 9 sales reps and 8 distributors in 15 states, Indulge Oils is a premium “pesticide free” product sought after brand as it is known for its purity and high quality. Their premium oil is in such high demand in the cannabis oil market it has been sought out by some of the largest names in the cannabis industry for private labeling. The CO Hemp is a 15 acre test, that will begin harvesting in the end of October to be sold in November.
This interview may include forward looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof.