May 5, 2017 – GVCL Ventures, Inc. (the “Company”) dba Global Vision Cannabis Life (OTC: GVCL), today announced the company has entered the Cannabis, Hemp and Cannabinoid (CBD) industry through a joint venture agreement with Pyramidion Technology Group, Inc. (PYTG), for its wholly owned subsidiary, Bay Islands Company. Bay Islands Company (www.bayislandsco.com) is a revenue producing company that designs, manufactures, distributes and markets Hemp, CBDs and alcohol based spirits.
The joint venture has a term of two years with a yearly renewal option, as well as an option to buy Bay Islands Company. GVCL will issue fifteen million restricted common shares and provide marketing support through its wholly owned subsidiary, GVCL Marketing Corp. PYTG will manufacture and market all products, oversee production and manage the day to day operations of the venture. It will also provide the resources, management and internet presence of Bay Islands Company. The joint venture provides for a 50/50 distribution of net profits.
Gerald Neziol, President of the Company, states, “This joint venture with an operational company in the cannabis industry is an ideal fit for us. So many companies in this high-risk, high-reward industry require large capital outlays while very often being months, years or perhaps never being able to reach the revenue producing stage. This is certainly not our case. Bay Islands™ has already established a consistent revenue stream that will continue to grow. We look forward to sourcing and implementing further business opportunities to complement our new doing business as direction and name, Global Vision Cannabis Life.”