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| GCGX Announces Big Step in Sacramento Facility: Negotiates 5-Year Lease in Sacramento |
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 Hot Stock to Watch |
Company: Global Consortium, Inc. (Pink Sheets: GCGX)
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Last:
Price: 0.014
Change (%): + 0.00 (0.00)
Volume: 134,790 |
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Global Consortium, Inc., Negotiates 5-Year Lease in Sacramento
- Leased area increases from 5,000 sq ft to 25,000 sq ft with ability to sublease
- New lease has a 5-year term with purchase option built in
COCONUT CREEK, Fla., Sept. 09, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Global Consortium, Inc., (OTCPINK: GCGX) has negotiated a revised lease with an option to purchase 25,000 square feet of the building the company currently leases in Sacramento. Global is currently trying to secure a First Right of Refusal on the remaining 39,000 sq ft of the building.
The new lease and purchase option will be between the building owner and Global Consortium, Inc.
Leasing a larger portion of the building gives the Company time to get multiple parts of the business operational prior to purchasing the building.
Global will use 5,000 sq feet for Indulge Oils and Infused Edibles manufacturing operations, as well as manufacturing for White Label deals. Another 5,000 sq feet will be used for Delivery and Distribution, which is expected to be operational before the end of 2019.
Following the issuance of the Certificate of Occupancy, Indulge Oils will begin manufacturing its THC products for sale.
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