Coconut Creek, FL -- September 22, 2017 -- InvestorsHub
NewsWire -- Trans Global Group, Inc. (OTC: TGGI) is pleased to
announce the "Stop Sign" has been removed from the Company and the
Company is on its way to being upgraded to OTCPINK Current status.
TGGI through its filings have brought its shareholders current
from December 31, 2015 through June 30, 2017. The Attorney Letter
has been posted and soon the Yield sign will be replaced with
OTCPINK Current status.
Through a tweet the Company notified shareholders of its desire to
reduce the Outstanding shares by 3 billion. On September 15, 2017
the first 300 million was canceled by the transfer agent, another
230 million shares are being placed back into certificate form so
they can be sent to the transfer agent to be canceled.
Today the Company received confirmation of another 300 million
free trading shares that will be returned next week. Over the next
few weeks this will reduce the number of shares in the float by 830
million, almost a third of the way to our goal.
When the Company changed its domicile from Florida to Delaware
the total number of Authorized shares have been reduced from 10.6
billion to 7.890 billion.
On September 18, 2017 the Company changed the name of its
subsidiary to Cannabis Consortium, Inc. The subsidiary was created
in 1998 as a Blank Check Shell and has 47 shareholders, it was
first acquired by TGGI in 2010.
Cannabis Consortium is comprised of 4 revenue streams and 1
research division. Three of the revenue streams are derived from
edibles and the other revenue stream is from investments. The
research division will focus on the medical benefits of CBD oils
for the treatment of animals.
Once the Company has been fully upgraded to OTCPINK Current more
information on Cannabis Consortium and the further retirement of
the Companys common stock will be released.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
believes, expects, potential, plans, suggests, may, should, could,
intends, or similar expressions. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause the actual results to be materially different from
any future results, performance or achievements expressed or
implied by such statements. In particular, management's
expectations could be affected by among other things, uncertainties
relating to our success in completing acquisitions, financing our
operations, entering into strategic partnerships, engaging
management and other matters disclosed by us in our public filings
from time to time. Forward-looking statements speak only as to the
date they are made. The Company does not undertake to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made.
Contact:
Matt Dwyer
matt@transggi.com
954-905-9896
