Consortium of Cannabis Companies entered into an agreement to acquire NewBridge Global Ventures, Inc. (OTCPK:NBGV) in a reverse merger transaction on July 12, 2018. As part of consideration, NewBridge will issue 31 million shares of common stock to acquire all companies. NewBridge management and the current management of the acquired Companies will continue in their various roles and responsibilities. In connection with the transaction, Sam Mac, Ellen Gee and Eric Tran have been nominated to serve as members of the Board of Directors of NewBridge. The transaction is subject to receive approval from NewBridge Global's Board, completion of due diligence, regulatory approval, and all other conditions set forth in Articles VIII and IX have been satisfied or waived. The transaction is expected to close on July 30, 2018. J. Martin Tate of Carman Lehnh of Israelsen LLP acted as legal advisor to NewBridge Global Ventures and Rachael Guajardo represented the seller's in the transaction. Consortium of Cannabis Companies completed the acquisition of NewBridge Global Ventures, Inc. (OTCPK:NBGV) in a reverse merger transaction on July 14, 2018.