Subject: BDCI Partners with Green Matter Holdings

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BDCI Partners with Green Matter Holdings and Moves Forward With 15-Acre Hemp Test: Planting 24,640 Industrial Hemp Clones in 3 Strains
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Company: Bahamas Development Corporation (Pink Sheets: BDCI)


Price: 0.068

Change (%): + 0.0005 (0.67)

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Cannabis Consortium Partners With Green Matter Holdings and Moves Forward With 15-Acre Hemp Test

COCONUT CREEK, Fla., June 18, 2018 (GLOBE NEWSWIRE) - Via OTC PR Wire - Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Global Consortium, Inc., dba Cannabis Consortium has partnered with Green Matter Holdings, LLC and moved forward with the 15-acre industrial hemp farm test.

The partners have hired a local company to supply the farmer with 24,640 industrial hemp clones at the cost of $5.00 per clone in 3 different strains to be planted on the test site.

The farmer is responsible for planting, caring and harvesting the crops. The partners will pay the farmer a total of $100,000 in between the time of the execution of the agreement and harvesting the crops.

The local company has been retained as a consultant to supply the clones and help oversee the planting, growing, and harvesting of the industrial hemp.

The partners will share the expenses 50/50 associated with the planting, irrigation, weed control, drip line, mulch system, filters, mainline, mulch plastic components, clones, fertilizer and the harvesting expense of the industrial hemp.

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