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$TGGI TRANS GLOBAL GROUP, INC. COMPLETES TRANSACTION FOR CANNABIS CONSORTIUM WITH BAHAMAS DEVELOPMENT CORPORATION

TRANS GLOBAL GROUP, INC. COMPLETES TRANSACTION FOR CANNABIS CONSORTIUM WITH BAHAMAS DEVELOPMENT CORPORATION


TRANS GLOBAL GROUP, INC. COMPLETES TRANSACTION FOR CANNABIS CONSORTIUM
WITH BAHAMAS DEVELOPMENT CORPORATION

Coconut Creek, FL -- January 18, 2018 -- InvestorsHub NewsWire --Trans Global Group, Inc. (OTCPKTGGI) is pleased to announce the Company has completed its transaction with Bahamas Development corporation. (OTCPK:BDCI).
The transaction was essentially a stock swap between TGGI and BDCI with BDCI becoming the largest shareholder of Cannabis Consortium, Inc.
Trans Global Group will have a Non-Cancelable Master Distribution Agreement with Cannabis entitling it to receive 50% of net profits annually.
The completion of the transaction should pave the way for the final approval from FINRA for the name and ticker change of Bahamas Development Corporation.
Cannabis Consortium:
Cannabis Consortium is comprised of four (4) revenue streams compromising specialty items, foodstuffs, beverages, and one (1)research division. Three (3) of the revenue streams are derived from edibles and the other revenue stream is from investments. The research division will focus on the medical benefits of CBD oils for the treatment of animals.
For our specialty items will retain counsel to file patents on these items. A company Cannabis came across during due diligence on potential companies has an item that was being used in a non-MJ sector. The item had sold millions of units at approximately $10 retail per unit and $1-$2 wholesale, prior to their patent being obtained. Cannabis realized an opportunity and redesigned their product creating new specialty items that are different in the delivery of the food that should allow patents to be granted.
Cannabis Consortium intends to apply for MJ licenses in several U.S. States beginning with, but not limited to, Colorado. After the Colorado licenses have been approved, Cannabis plans to execute joint venture agreements in other States where cannabis has been legalized.
For the purposes of expediting the business plan and in order to quickly move to a revenue generation phase, the business lines are being structured in a manner that allows Cannabis to effect sales without immediately requiring MJ licenses.
More information regarding the statements made in this release along with more information about Cannabis Consortium will be released in the coming days.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Contact:
Matt Dwyer
954-905-9896