COCONUT CREEK, Fla., March 28, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- PRESS RELEASE -- Global Consortium, Inc. is exploring the opportunity to take one of its divisions public in Canada.
Ongoing discussion are being held to take one of the company's divisions public in Canada, where it can receive a higher multiple and gain easier access to capital for expansion. Cannabis companies listed in Canada thrive after going public on the CSE then dual list here in the United States.
Opportunities exist all over the United States at reasonable valuations while the country keeps cannabis in the grey area between state government and the federal government. Utilizing the Canadian markets to raise capital would open up growth potential currently being missed.
Global's CPA has almost completed the consolidation of the financials and when completed they will be forwarded to the company's auditors for review.
The company will file its Consolidated Annual Report by the 15th of April.
