CANNABIS CONSORTIUM AND ITS PARTNERS
EXECUTE LEASE FOR 5,000 SQ. FT. RETAIL SPACE JUST OUTSIDE LOS
ANGELES, CA
-
New
5,000 sq.
ft. retail
and consumption location
-
Cannabis and its
partners will own 50% of this retail location
-
1 to 2 more deals
will close later this month
April
2, 2018 Coconut
Creek,
FL Bahamas Development
Corporation (OTCPINK:
BDCI) subsidiary company Cannabis
Consortium, Inc and its partners have executed a lease for
a 5,000-square foot
space just
outside Los Angeles, CA.
The
building is one of only two
locations zoned for "On Site
Consumption" of
cannabis,
and is
sited across a local landmark
with heavy foot traffic and ample
parking facilities. The plan is to
buildout a
VIP area inside the space to attract
high-end clientele.
The
City is
only issuing 8 retail licenses. Cannabis Consortiums
strategy
was to align itself with
partners in this
location who have over 15 years' experience and
hold 10 licenses, along with
Counsel
having a 100% track record in successfully receiving
licenses for cannabis facilities.
Renderings of the building will be
submitted along with our
application. After the application has been
submitted, Cannabis will upload
the building images to its website.
It is anticipated
the licensing phase shall take up to 120 days from the date of
submission.
Over the next
2-4 weeks Cannabis and its partners will execute and fund at least 1
possibly 2 more transactions in the MJ sector, with further transactions planned
for 2018.
The group has moved on from
the earlier announced dispensary because the current
transaction
is
much
more economically
attractive.
About Cannabis Consortium:
Cannabis
Consortium is actively pursuing five (5) revenue streams
in the cannabis
marketplace:
- Specialty items
- Foodstuffs/Edibles
- Beverages
- Investment
- Research/New
Products
The first three
(3) revenue
streams are comprised of edible products and ancillary items
related to the edible marketplace. The 4th streams investments
into other
private cannabis operations. The final stream,
Research, will focus on the medical
benefits of CBD oils for the treatment of animals.
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
954-906-0098