BDCI Corporate Update:
- Building upgrades per the City to be completed this week
- Once the upgrades are inspected the final step is the Certificate of Occupancy
- The Company received and responded to comments from FINRA
COCONUT CREEK, Fla., Nov. 05, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Global Consortium, Inc., (OTCPINK: BDCI) last week received comments from FINRA regarding its requested Name change and new Ticker. The Company has responded in full and is awaiting final comments from FINRA prior to the change becoming effective.
The company is happy to announce that all construction has been completed on its manufacturing facility, with pictures available on Twitter @Cannabisconsort. This week as requested by the City, back-flow devices will be installed in the sinks and tested. Once the plumbing is complete the final building inspection will be requested, and after the inspection is signed off the final step before Manufacturing will commence is the issuance of the Certificate of Occupancy.
Uplisting and Audit Plan
Global has retained one of the leading Cannabis Securities attorneys, who has reviewed the Company to ensure there are no issues moving forward with the Audit and lifting off OTC to a major exchange. As per his request we are working with a new Audit firm and auditor that understands cannabis companies as well as retaining a new CPA team to consolidate the financials of the Company for our Quarterly and Annual Reports starting with the 3rd Quarter.
Global is putting together an industry leading legal and accounting team that understands the challenges of operating and running a public cannabis company. This team will be responsible for helping the Company lift off the OTC while handling our needs as we continue to grow.
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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