Cannabis Consortium and Its Partners Submitted Their Application for a Retail and Consumption Location

  • The Semi-Private Club will have 100 founding members
  • The licenses if granted would be valued in excess of $20 million dollars

COCONUT CREEK, Fla., June 25, 2018 (GLOBE NEWSWIRE) — Via OTC PR Wire – Bahamas Development Corporation (OTCPINK: BDCI) subsidiary company Global Consortium, Inc. dba Cannabis Consortium and its Partners have submitted their application for multiple licenses for a new retail and consumption location just outside of Los Angeles, CA.

The application was submitted towards the end of May 2018 and the City has stated it will award the licenses toward the middle of summer.

Cannabis and its Partners feel they have submitted if not the strongest application then one of the strongest applications.

Multiple licenses have been sought including retail Adult and Medical and a Consumption license. Should all the licenses be granted based on the comps of other similar licenses in the area, the value of these licenses would be in excess $20 million dollars.

Artist renderings of the Retail and Consumption room can be viewed on the Company’s website then click on “Retail and Consumption”. Only a few pictures of the Consumption room have been released until the Grand Opening.

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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Investor Relations:

Matt Dwyer
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