COCONUT CREEK, Fla., May 30, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Global Consortium, Inc. dba Cannabis Consortium and its partners have exercised their option to acquire Infused Edibles.

Infused Edibles is located in California and is an award winning CBD edible company with distribution in approximately 400 retail outlets. The company currently manufactures and ships CBD products from its California location. Infused Edibles also has several licensed locations in multiple states.

In 2016, Infused Edibles won First Place Awards for Best Gummy and Best CBD Pet Line.

The cash portion of the purchase price will be used to upgrade the facility with new equipment and to pay for an Organic Certification. All of the products are lab tested, Dispensary Grade CBD, Strengths from 60mg-1000mg, all Natural, as well as Gluten Free and Vegan.

Global Consortium will book assets that exceed $1 million from the equipment and inventory located at the California facility.

Global Consortium has agreed to enter into employment agreements with key personnel of Infused Edibles to ensure continuity after the sale is completed.