GCGX - NetworkNewsBreaks - Global Consortium Inc (GCGX) Exploring Opportunity to Take One of its Divisions Public in Canada
Global Consortium (OTC: GCGX) this morning announced that it is participating in ongoing discussions to take one of its divisions public in Canada, where it can receive a higher multiple and gain easier access to capital for expansion. Cannabis companies have thrived after going public on the CSE and dual listing in the United States, where opportunities exist at reasonable valuations while the country keeps cannabis in the grey area between state and federal government regulations. Utilizing the Canadian markets to raise capital would open growth potential currently being missed. Global's CPA is nearly finished with consolidation of the financials, and upon completion, they will be forwarded to the company's auditors for review. The company will file its Consolidated Annual Report by April 15.
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About Global Consortium, Inc.
Global Consortium, Inc., is building America's First Cannabis Mall, 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, Inc., 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. For more information, visit the company’s website at www.GCGX.org
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