- Over
$1.5 million in new assets through the acquisition of a second
public traded company
- Total
net assets added in 4Q2017 are over $3 million
- Multi
State locations to open in the first 6 months of 2018
- New FL
Corporate Office open for business
Coconut Creek, FL -- December 6, 2017 -- InvestorsHub
NewsWire -- Trans Global Group, Inc. (OTCPK:
TGGI) has had an exciting fourth quarter of 2017. TGGI received
a fresh funding injection that was used to acquire a second
marijuana-focused trading entity and to move into its new offices.
The funding is in the form of an open ended Non-Convertible low
interest loan from our CEO, who has funded the company since 2016.
The total amount owed is listed in each of the posted financials
and will be repaid in 2018.
As part of TGGI's announced growth strategy as a MJ holding
company, in October TGGI purchased a control block in a second
OTCPink company. TGGI's plan is to audit the new entity and
register its shares with the SEC. This entity diversifies TGGI's
MJ-sector related holdings and will house MJ related assets the
company is working on that are not into intended to go into
Cannabis Consortium. Based on the closing price yesterday TGGI's
control block in the second entity is valued at over $1.5 million.
After OTCMarkets has been updated TGGI will release additional
details.
The total value of new assets added in the 4th quarter of 2017
based on yesterday's closing price of BDCI and the new entity is
over $3 million dollars. Once both companies are audited and
register their shares, then TGGI has several options to leverage
these assets for cash that can be used to reduce the float of TGGI
and increase its value.
Cannabis Consortium moved into its new office in West Palm
Beach, FL last week. The facility has both warehouse storage space
and office space. The new office space has enough room to setup a
bullpen for people to contact wholesalers in and out of the MJ
business to sell its patented products.
Since word of Cannabis Consortium has spread, the door has
opened for TGGI to have licensed operations in three, and possibly
four U.S. States. The operations will submit licensing applications
during the first half of 2018 with the goal of having all of them
licensed and operating during the first six months of 2018.
On November 17, 2017 BDCI submitted its 10b17 with FINRA to
effect both corporate name change to Cannabis Consortium and
request a new ticker symbol. The Company is waiting on FINRA to
complete the process.
More information regarding the statements made in this release
along with more information about Cannabis Consortium can be found
it the 3rd Quarter Report filed on OTCMarkets.
Forward Looking Statement:
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
matt@transggi.com
954-905-9896