Maybe MISSED THIS-“GCGX OWNS INDULGE OILS.”-DESCRIPTION
Global Consortium, Inc owns Indulge Oils www.indulgeoils.com, a cannabis distillate which is currently being manufactured and marketed in California. Indulge Oils is a premium "pesticide free" product sought after brand as it is known for its purity and high quality. Indulge Oils produces clean and pure oils that do not contain any residual particles, are non-toxic and non-carcinogenic. This is why Indulge Oils commands a premium for its oils and cartridges. Global Consortium, Inc. executed a 5-year lease with an option to purchase 25,000 square feet in Sacramento, CA. In January/February of 2020 a new edible brand owned by GCGX will begin rolling off the line in Sacramento and sold through the Distribution and Delivery suite. During 2020 new products will be introduced including beverages.
COCONUT CREEK, Florida, Nov. 26, 2019
COCONUT CREEK, Florida, Nov. 26, 2019 /PRNewswire/ -- InvestorsHub NewsWire -- Global Consortium, Inc., (OTCPINK: GCGX) is pleased to announce Manufacturing of Indulge Oils is underway at the Cannabis Mall. The City of Sacramento issued the Certificate of Occupancy ("CO") for the manufacturing suite allowing the production of Indulge Oils to begin. Production will ramp up over the balance of 2019 heading into 2020 at or near full production.
Global Consortium as per Federal law is not allowed to own any Cannabis licenses or actually touch the plant. GCGX functions like every other US cannabis company does operating in the United States, by owning significant assets that are leased to licensed cannabis operators.
These assets consist of the building, machinery, IP, and brands. GCGX is compensated monthly through a management/service agreement. The more assets GCGX can acquire and lease back to licensed cannabis operators the more money it will earn monthly. The true value for GCGX is when the Brand(s) are sold, the sale would include all of the assets owned by GCGX at a significant markup as seen in other cannabis acquisitions.
Global Consortium is positioned in the right place for future acquisitions California, the world's largest legal market. The building being purchased next summer holds multiple licenses, which although not in GCGX's name are sold with the sale. California has been experiencing significant issues with the legal cannabis market rollout, which could take years to sort out. The market is wide open for new brands to enter the space.
Having all the components to cultivate, manufacture, edible manufacturing, Processing, distribute, and deliver all within the same space holds tremendous value. Then when you add in some house brands to the other assets within the building, you have an all-inclusive cannabis empire valued over $100 million based on other transactions in the industry.
Global Consortium, Inc., does not need to own the licenses they need to own everything else as they do.
About Us:
Global Consortium, Inc., is building America's First Cannabis Mall in Sacramento, CA which when completed will house Manufacturing, Distribution, Delivery, Retail, Testing, and Cultivation all under one 64,000 square foot building. The Mall will house the largest Manufacturing facility of THC and CBD Distillate and Edibles believed to be operational in the United States. Global Consortium has leased 25,000 Square feet of the building with a purchase option, the Company is working to secure a first right of refusal for the remaining 39,000 square feet.
including beverages.[/color]
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