Thursday, January 10, 2019 2:39:34 PM
https://ih.advfn.com/stock-market/USOTC/trans-global-group-inc-pc-TGGI/stock-news/79029755/global-consortium-inc-to-retire-60-million-share
$TGGI will sell physical product through Infused Edibles and Indulge Oils as a wholesaler.
"...Infused Edibles started out as a small, family run candy company in 2012 operating out of a 400 square foot space. Infused Edibles now operates out of a 6,000 square foot building, servicing 400 stores with 9 sales reps and 8 distributors in 15 states. ..."
https://ih.advfn.com/stock-market/USOTC/global-consortium-inc-GCGX/stock-news/78498958/bahamas-development-corporation-completes-merger-w
What's happened is that $TGGI finally has control of its own product line(s) and can make direct sales to wholesale (B2B) or retail (B2C). $TGGI hasn't had that in probably 10 years.
From another aspect, $TGGI used the $GCGX (old $BDCI) shares which looked nice on the balance sheet, but could do nothing, and used those assets in a way to benefit $TGGI shareholders.
$TGGI can now finish development of the device and file all the patents under its own name. This means $TGGI has ownership of its own IP, and it accomplished that without diluting current $TGGI shareholders.
$TGGI can now look to control its own revenue and not rely on others. A great transaction for current $TGGI shareholders.
https://ih.advfn.com/stock-market/USOTC/trans-global-group-inc-pc-TGGI/stock-news/77775908/trans-global-group-inc-issues-corporate-update
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