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Tuesday, February 20, 2018 12:21:59 PM
Coconut Creek, FL -- December 08, 2017 -- InvestorsHub NewsWire -- Trans Global Group, Inc. (OTCPK: TGGI) subsidiary Cannabis Consortium, Inc. will retain the audit firm of Malone Bailey to roll forward the audit of Bahamas Development Corporation (OTCPK: BDCI) through the end of Fiscal year 2017.
Prior management became aware of an issue that prevented them from using the audited financials of BDCI. Cannabis Consortium after discussing the issue and a work around for the issue with Malone Bailey are able to continue the audit and use the work completed that includes audits for 2014, 2015, and the first 9 month of 2016.
Cannabis Consortium will reengage Malone Bailey to complete the audits of 2016 and 2017 and use those financials for a Form 10 filing to register all the shares of the Company rather then a Reg A.
Cannabis will file the Form 10 during the first 90 days of 2018 and will become a voluntary filer while the Form 10 filing is being approved.
Based on its limited history a Form 10 should be completed within the normal 120 day period.
Additional news will be forth coming as events unfold. Cannabis Consortium, Inc. choses to use its Twitter account for updates between press releases.
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