Friday, June 24, 2022

Trans Global Group Inc (OTCMKTS:TGGI) Stirs Up Buzz

Trans Global Group Inc (OTCMKTS:TGGI) is a super deep sub-penny play that is starting to pop up on the OTC trader radar in recent action as the company prepares to make a move into the cannabis space through its subsidiary, Cannabis Consortium. The company is taking a PT Barnum tact at this point announcing this week that it “will release several news items over the coming weeks allowing the market time to digest Cannabis Consortium’s scope.“
One of the big stories enmeshed in the current process is a restructuring whereby Cannabis Consortium will be spun out into its own vehicle, with TGGI remaining its largest and in fact its majority shareholder. As part of this restructuring process, TGGI has done a major share and float reduction. Apparently, there are two further planned reductions that will occur over the next few weeks that will reduce the number of free trading shares in the Float by an additional 530 million Common shares.
Trans Global Group Inc (OTCMKTS:TGGI) trumpets itself as a company that Trans Global Group, Inc. through its subsidiary Cannabis Consortium, Inc. will be entering the highly lucrative marijuana market.
Cannabis Consortium, Inc. is a subsidiary company that was purchased by TGGI in 2010 to create an active trading subsidiary. Cannabis itself was created in 1998 as a Blank Check Shell and currently has 47 shareholders. Cannabis has already spoken with, and will be retaining, Counsel during October 2017 to prepare and file a Reg A so it can then begin to access capital markets as a separate trading entity from TGGI.
Cannabis Consortium is comprised of four (4) revenue streams compromising specialty items, foodstuffs, beverages, and one (1) research division. Three (3) of the revenue streams are derived from edibles and the other revenue stream is derived from investments. The research division will focus on the medical benefits of CBD oils for the treatment of animals.
In addition, TGGI engages in renewable energy and solar energy sector. It offers products to reduce homeowner’s and business’ energy consumption, lower their carbon footprint, enhance the efficiency of their energy products, and reduce energy costs.
The company also provides general construction services, including building schools, condominiums, town home communities, home renovations and add-ons, housing, and other projects. In addition, it offers bonding and insurance agency services. The company was formerly known as Teletek, Inc. and changed its name to Trans Global Group, Inc. in October 2007. Trans Global Group, Inc. was incorporated in 1979 and is headquartered in Coral Springs, Florida.
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As noted above, TGGI is working the market right now to generate a buzz while cutting back the size of the trading float to create some excitement ahead of the spinning off of its primary asset, Cannabis Consortium. The company will retain a majority stake in the spun off enterprise. The new entity will pursue licenses to get things moving.
As detailed in the release, “Cannabis Consortium intends to apply for MJ licenses in several U.S. states, beginning with, but not limited to, Colorado. After the Colorado licenses have been approved, Cannabis plans to execute Joint Venture agreements in other states where cannabis has already been legalized. For the purposes of expediting the business plan and in order to quickly move to a revenue generation phase, the business lines are being structured in a manner that allows Cannabis to effect sales without immediately requiring MJ licenses.”
Recent action has seen 67% added to share values of the listing over the past month of action, but that move comes in the context of a larger bearish trend. Market participants may want to pay attention to this stock. TGGI has a history of dramatic rallies. Furthermore, the company has seen a growing influx of trading interest, with the stock’s recent average trading volume running greater than 530% over the long run average.
Earning a current market cap value of $3.9M, TGGI is a true blank slate on the financials side, with virtually no cash on the books, which is balanced by virtually no total current liabilities. The company is pre-revenue at this point. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $TGGI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $TGGI, either long or short, and we have not been compensated for this article.

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