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Tuesday, September 04, 2018 1:46:52 AM
Cannabis Consortium acquired Indulge Oils www.indulgeoils.com ,an operating cannabis distillate which is manufactured and marketed in California. Indulge Oilshas been servicing the cannabis market for 2 years and has quickly become a leader in the industry. Their premium oil is in such high demand in the cannabis oil market it has been sought out by some of the largest names in the cannabis industry for private labeling.
Cannabis Consortium will issue 2 million shares of its Common stock at $1.00 per share and $2 million in cash for the transaction. Cannabis Consortium will enter into a lease and licensing transaction with its partners to operate the distillate in exchange for a monthly lease payment and 70% of the monthly revenue.
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