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Growblox Sciences, Inc. (GBLX) Acquires Two Licenses to Support Medical Cannabis Cultivation and Production

Company: Growblox Sciences, Inc. (GBLX)
Category: News

Growblox Sciences (OTCQB: GBLX) this morning reported its acquisition of two additional Medical Marijuana Establishment (“MME”) licenses in Clark County, Nevada.  To acquire the licenses, Growblox formed GB Sciences Las Vegas, LLC, for which Growblox will be the owner/operator and own 60% of the entity with the option to own up to 80%.  The production license allows Growblox to convert plants to oil, which can be used to make personal vaporizer pens, gel caps, edibles, beauty aids, cosmetics, pure botanicals, extracts, and other products. The cultivation license expands Growblox’s current Nevada cultivation capacity, which at full production can currently support 4,000 plants with a $20 million run rate.

To view the full press release, visit: http://nnw.fm/1kFAP

About Growblox Sciences, Inc.

Growblox Sciences, Inc. (GBLX) is a diverse vertically integrated cannabis company, focused on cultivation as well as biopharmaceutical research and development. The company’s goal is creating safe, standardized, pharmaceutical-grade, cannabinoid therapies that target a variety of medical conditions. To learn more about Growblox Sciences, Inc., go to: www.growblox.com

About NetworkNewsBreak

NetworkNewsBreak is a rapid summary of a press release that caught the attention of NetworkNewsWire (NNW). NNW provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit https://www.NetworkNewsWire.com.

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