COCONUT CREEK, Fla., June 01, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire – Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Global Consortium, Inc., has made an offer to purchase its partners interests in all of the various cannabis and hemp projects being worked on.

The transaction will be paid for with cash and stock, the cash portion will be performance based.

A condition to completing the transaction is for our current president to resign to make room for one of our Partners to assume the role of president and director. This person has years of hands on experience in manufacturing, and a vast business background that will add depth to the management of Cannabis Consortium. A second position will be created, vice president of Mergers and Acquisitions. The person filling this spot has years of experience within the cannabis sector, and has been key to finding the acquisitions that have been completed.