Which Shell Is The Peanut Under?
Looking at the latest filing.
page 3
On October 29, 2018, the Company announced it was acquiring a California company, Global Consortium, Group, LLC, which holds significant Letters of Intent estimated at $20 million dollars. The Company has since opted out of acquiring the Company due to the fact counsel has stated the Company is not allowed to touch the plant.
So they do not / will not own Global Consortium Group, LLC
Page 4
Global Consortium, Inc. (“GCGX”), is setting up a subsidiary company that will act as a management company. The management company will enter into a service agreement with Global Consortium Group, LLC (“GCG”). Under the service agreement GCGX will handle payroll for all non-cannabis employees [anyone not touching the plant], sublease space to licensed cannabis operators, lease the equipment, provide marketing services, purchase non-cannabis supply’s, and all other services allowed. GCGX will rely on counsel to setup the management agreement and service agreement. GCGX will generate all of its revenue from this service agreement which will give them control of everything non-cannabis, meaning GCGX will not be allowed to purchase bio-mass, collect the revenue from the sales, or purchase any materials used for the manufacturing. Basically, everything that goes through the monitoring system setup with the City to keep track all purchases and sales of cannabis, transportation, distribution, and delivery to ensure the City receives it fair share is off limits to GCGX
So the structure is / will be from top to bottom
GCGX
Management Company (Name Unknown)
GCG
All the hands on company’s
