Global Consortium Inc. (GCGX) Says Uplisting Process is Underway, Receives Annual Cannabis Manufacturing License

  • During an investor conference call, GCGX’s CEO noted that the company’s ultimate goal is to be listed and traded on the Nasdaq
  • California has issued an annual license for adult and medicinal cannabis manufacturing to Global Consortium Group LLC
  • CEO Dwyer added that GCGX subsidiary Infused Edibles is expected to see its production operations relocated to Sacramento, California, by the end of Q2

Global Consortium Inc. (OTC: GCGX) CEO Matthew Dwyer said during an investor conference call (http://cnw.fm/Us6Cp) that the company has already started its uplisting process by consolidating financials for its audit team. Following that, the company plans to begin the registration process to become listed and ultimately traded on a major stock exchange.

“Our goal is to go on Nasdaq and trade on that exchange,” Dwyer said during the call. He referred to the strategy of various companies in the cannabis space that were first listed on the Canadian Stock Exchange in Canada before trading on the Nasdaq in the United States.

Headquartered in Florida, GCGX is a diversified cannabis holding company that has a portfolio of companies related to cannabis, including Infused Edibles and Indulge Oils.

Dwyer also discussed the required California annual state license for manufacturing cannabis. After the call, the company tweeted that it had been granted an annual license for adult and medicinal cannabis manufacturing through April 9, 2020, by the state of California. The tweet included an image of the actual manufacturing license.

During the call, Dwyer also explained that the production operations of subsidiary Infused Edibles will be relocated to Sacramento, California. The move, he said, will take place by the end of Q2. Infused Edibles markets an infused menu that includes tinctures, gummies and cannabidiol. It also offers several products that require the addition of water, such as brownie and chocolate chip cookie mixes (www.InfusedEdibles.org).

Additionally, Dwyer provided insight on the location of the cannabis mall that the company is planning. The 64,000-square-foot unit will provide manufacturing, distribution, retail, testing and cultivation facilities, all under one roof. Dwyer noted that the cannabis mall will be located in Sacramento, California.

For more information, visit the company’s website at www.GCGX.org

NOTE TO INVESTORS: The latest news and updates relating to GCGX are available in the company’s newsroom at http://cnw.fm/GCGX

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