- A move to Canada would open up funding opportunities
- The company would be valued at a higher multiple
- The ability to dual list in the United States
COCONUT CREEK, Fla., March 28, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Global Consortium, Inc., (OTCPINK: GCGX) is exploring the opportunity to take one of its divisions public in Canada.
Ongoing discussion are being held to take one of the Company’s divisions public in Canada, where it can receive a higher multiple and gain easier access to capital for expansion. Cannabis companies listed in Canada thrive after going public on the CSE than dual list here is the United States.
Opportunities exist all over the United States at reasonable valuations while the country keeps Cannabis in the grey area between State Government and the Federal Government. Utilizing the Canadian markets to raise capital would open up growth potential currently being missed.
Global’s CPA has almost completed the consolidation of the financials and when completed they will be forwarded to the Company’s auditors for review.
The Company will file its Consolidated Annual Report by the 15th of April.
Global Consortium, Inc., is building America’s First Cannabis Mall, which when completed will house Manufacturing, Distribution, Delivery, Retail, Testing, and Cultivation all under one 64,000 square foot building. The Mall will house the largest Manufacturing facility of THC and CBD Distillate and Edibles believed to be operational in the United States.
Global Consortium, Inc., 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, the release of corporate apps, growth of the 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: