RANS GLOBAL GROUP, INC. COMPLETES TRANSACTION FOR CANNABIS CONSORTIUM WITH BAHAMAS DEVELOPMENT CORPORATION
Coconut Creek, FL -- January 18, 2018 -- InvestorsHub NewsWire --Trans Global Group, Inc. (OTCPK: TGGI) is pleased to announce the Company has completed its transaction with Bahamas Development corporation. (OTCPK:BDCI).
The transaction was essentially a stock swap between TGGI and BDCI with BDCI becoming the largest shareholder of Cannabis Consortium, Inc.
Trans Global Group will have a Non-Cancelable Master Distribution Agreement with Cannabis entitling it to receive 50% of net profits annually.
The completion of the transaction should pave the way for the final approval from FINRA for the name and ticker change of Bahamas Development Corporation.
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