Subject: BDCI Announces Another Accretive Acquisition

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BDCI Announces Another Accretive Acquisition
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Company: Bahamas Development Corporation (Pink Sheets: BDCI)


Price: 0.0745

Change (%): + 0.002 (2.76)

Volume: 761,296
BDCI Chart

Cannabis Consortium Has Acquired Indulge Oils in a Cash and Stock Transaction

- Cannabis Consortium will immediately book $800,000 in equipment assets

- Indulge Oils has over $800,000 in inventory

COCONUT CREEK, Fla., May 17, 2018 (GLOBE NEWSWIRE) - via OTC PR WIRE - Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Global Consortium, Inc. DBA Cannabis Consortium has executed an Asset Purchase Agreement purchasing an operating established Cannabis Distillate and brand in California.

Indulge Oils has been acquired for 4 million dollars consisting of 2 million dollars in cash and 2 million dollars in equity of Global Consortium. Global Consortium has wired $500,000 and issued a Note for 1.5 million dollars due and payable On July 1, 2018, and will issue 2 million shares of its Common stock value at $1.00 per share.

Indulge Oils was being courted by a Canadian firm to go public and was given a valuation of 7 million dollars. Due to our relationship with one of the members of the group that sold Indulge Oils and the fact that Indulge Oils has been our cannabis partner since last year, Cannabis Consortium was able to purchase Indulge Oils at a multiple of 2.5 times assets.

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