Trans Global Group, Inc. (OTC:$TGGI) has officially released their third-quarter report, outlining that the firm has paid all its convertible debt and the total sum of not only authorized shares, but the float and outstanding shares have lowered dramatically as well.
Specifically, Trans Global owns around 90% Cannabis Consortium, Inc. After the closure of the Reg A funding, the company will still own more than 50% of Cannabis.
Going forward, Cannabis Consortium is in the process of preparing for the submission of a Reg “A” application by Thanksgiving and will keep Counsel from Miami, and an auditor from Texas. Cannabis already established shareholders, which will expedite the submission of the trademarks and patents, as well as examples produced utilizing 3D printing technology.
As for workspace, Cannabis Consortium is looking to expand into Colorado in 2018, where wholesalers in and out of the MJ operations can sell their patented offerings.
Additionally, Trans Global Group, Inc. has reported that by 2Q18, Cannabis Consortium should have a minimum of one set of its own MJ licenses, which will help it to sell all of its offerings directly to wholesale buyers and consumers.
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