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Cannabis Consortium's 15-Acre Hemp Farm Will Begin Its Harvest in October

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  • Gross Yield from the farm could range from $1.5 to $3.0 million

  • Global has two buyers lined to purchase the product

  • Proven revenue stream for BDCI

COCONUT CREEK, Fla., Aug. 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Bahamas Development Corporation (OTC:BDCI) affiliate company Global Consortium, Inc., dba Cannabis Consortium and its partner Green Matter Holdings, LLC have been notified the 15-acre industrial hemp farm will begin harvesting in October.

The harvesting and drying will take place in October and the sale will take place in November.

Global currently has two buyers lined up to purchase the Bio-Mass for a minimum of $1.5 million and as much as $3 million exceeding the initial estimate per acre. The difference in sale price is dependent on the final weight of the plants after the harvest.  Global and Green Matter will split the proceeds 50/50 once the Bio-Mass is sold in November.

For Global this test proves the land is viable and profitable while providing a third stable revenue stream for BDCI.

By the time of the sale in November Global will have consolidated the farm into BDCI and the revenue and income will appear on the 4th quarter report for BDCI.

BDCI will rely on its accounts to guide them on how best to flow the various revenue streams into the parent Company and maximize its net income.

New pictures of the farm have been posted at @Cannabisconsort

Bahamas Development Corporation, in compliance with SEC regulations, may in the future use social media outlets like Facebook or Twitter and its own website to announce key information in compliance with Reg FD.

Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.

Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure on otcmarkets.com.

For additional information about this release please contact:

Investor Relations:

Matt Dwyer
matt@cannabisconsortium.net
www.cannabisconsortium.net
954-906-0098

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