GCGX - Global Consortium Inc. (GCGX) Establishes New Nutraceuticals Line Explores Taking One Division Public in Canada
- GCGX is a diversified cannabis holding company with $100 million in projected revenue for 2019
- The company’s nutraceuticals division is to be overseen by medical physicians and veterinarians focused on diverse specialties
- GCGX’s product line is developed with proprietary infused formulas to include lotions, balms, ointments, liquids, pills and powders
- Discussions are underway to take one of the company’s divisions public in Canada in order to raise capital and open up growth potential
From its headquarters in Florida, Global Consortium Inc. (OTC: GCGX), a diversified cannabis holding company expanding its reach nationwide with several subsidiaries, is evaluating an opportunity to take one of its divisions public in Canada. Cannabis businesses listed in Canada have historically thrived after going public on the Canadian Stock Exchange (“CSE”), which also allows firms to dual list in the United States, as the company noted in a news release (http://nnw.fm/dLzQ4).
The benefits of taking one of Global Consortium’s divisions public on the CSE include the possibility of receiving a higher multiple and potentially gaining easier access to capital for expansion, as the news release states. The Canadian government’s passage of the...
NOTE TO INVESTORS: The latest news and updates relating to GCGX are available in the company’s newsroom at http://nnw.fm/GCGX
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