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Bahamas Development Corp (OTCMKTS:BDCI) Is All Set to Register the Shares with SEC By Retaining the Counsel

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Bahamas Development Corp (OTCMKTS:BDCI) has retained the services of a counsel to help in filing the Form 10 with Securities and Exchange Commission (SEC). The counsel will provide the legal opinion to the auditing team to resume the audit process, which was interrupted in January 2017. The audit team of the company is working closely with the legal team to prepare the draft of Form 10 Filing.

The company is hiring a Chief Financial Officer on a contract basis to assist the audit process. The CFO will closely work with the audit teams and complete the audit process on a top priority. Apart from bringing transparency, the Form 10 filing will help the shareholders with liquidity.

Bahamas Development Corp, which owns a majority stake in Cannabis Consortium, Inc., is moving forward to embrace the MJ sector. The company is expected to release updates about its progress in California in the coming weeks.

A brief information about Cannabis Consortium, Inc.

Cannabis Consortium, Inc. consist of four revenue streams namely beverages, food stuffs, specialty items and a research division. The company derives the revenues from investments and edible oils. The research division is engaged in extending the medical benefits of CBD oils to cure animals.

The consortium holds a marketing accord with Trans Global Group Inc (OTCMKTS:TGGI) to market the specialty products. TGGI holds a majority stake in Bahamas Development Corp.

In complying to the regulations of the SEC, Bahamas Development Corp will use the social media networks like Twitter Inc (NYSE:TWTR) and Facebook, Inc. (NASDAQ:FB) as well as its own website to provide details of the Reg. FD compliance.

A brief Information about Bahamas Development Corp.

Established in the year 2008, Bahamas Development Corp. is engaged in providing business recruiting and consulting services. In return, the company benefits from medical tourism, agriculture, manufacturing and other opportunities. The company sells imported souvenirs to the tourists. It also offers bottled water for the travelers. The company also focuses on small businesses, startups as well as slightly mature businesses.

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