I have read it and have its within the reports of both companies as well. The only REV share is 50% of the revs from the Device owned by both CC and TGGI that IT.
CC could own IBM and TGGI gets nothing, NADA, ZIPPO only 50% of the revs from the device:
Taken right from the 1st Qtr Report:
ITEM VI DESCRIBE THE ISSUER’S BUSINESS, PRODUCTS AND SERVICES
A. The Issuer was incorporated under the laws of the State of Colorado in 1979, and later changed its domicile to Nevada on March 17, 1993. In 2014 the domicile moved from Nevada to Florida. On September 18, 2017 the Issuer changed its domicile from Florida to Delaware.
B. The issuer’s primary and secondary SIC Codes; Primary SIC Code: 6199.
C. The issuer’s fiscal year end date; The Issuer’s fiscal year end date is December 31.
D. Business of Issuer:
Trans Global Group since November of 2016 has had a desire to enter the multi-billion dollar marijuana sector. Over the past eight (8) months the Issuer has been in discussions with multiple companies to seek to effect a reverse merger and bring in an operating business, while at the same time fine tuning its own business plan for Cannabis Consortium, Inc. The Issuer has abandoned the search for an existing company and is moving forward with its own business plan to enter the MJ sector. The business model the Company developed does not limit Cannabis Consortium to a single state or two. Instead, wherever Cannabis is legal for medical or recreational purposes, Cannabis Consortium will have a commercial market. The Issuer and Bahamas Development Corporation entered into a stock swap and a Non-Cancelable Marketing Agreement for the edible devices. The Issuer and Cannabis shall split the revenue 50/50 as well as ownership of the devices. Revenue from the patentable devices is the only income stream under the current agreement which will accrue to Trans Global.
Trans Global Direct Income from Cannabis Consortium
Cannabis Consortium has granted Trans Global Group, Inc., exclusive marketing rights to a list of named products through a master distributorship agreement. Under the Non-cancelable Exclusive Master Sales Agreement Trans Global shall be entitled to 50% of income from the sale of all the named products on the list offered by Cannabis under that Agreement.
This Agreement thereby assures that Trans Global will directly benefit from all sales generated by any products on the list developed or offered through Cannabis under the Agreement. Shareholders of Trans Global shall receive direct income from the sale of these products developed under Cannabis.
As the Master Sales Distributor for Cannabis, Trans Global will establish a series of non-exclusive license deals for the distribution of each of the delivery system applications to non-exclusive vendors in different States. Vendors can fill the devices with any mixture they desire and sell it to their consumer market/end-user.
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