- 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://nnw.fm/YCe7l) 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://nnw.fm/GCGX
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
