GrowBLOX Sciences Plans to Open MMJ Lab in Q4


Ryan Allway

September 28th, 2015

Feature Stories


GBLX Chart

GrowBLOX Sciences Inc. ( ), a biopharmaceutical company with state-of-the-art technologies in plant biology and cultivation designed to produce consistent medical cannabis, recently announced that the first of four planned cultivation labs is scheduled to open by the end of the fourth quarter this year. The 30,000 square foot facility will be located in Las Vegas, Nevada to serve the burgeoning new medical marijuana market.

“Our flagship laboratory, the Las Vegas Cultivation Lab, is only the first of four Cultivation Labs being built,” said GrowBLOX Science Chairman and CEO Craig Ellins in a recent press release. “As such, it is the standard bearer for the cutting-edge technological growing of medical grade cannabis, and is a timely address to the problem of inadequate supplies of medical grade cannabis. GrowBLOX Sciences continues to be a frontrunner in the medical cannabis industry — and this is only the beginning of great things to come.”

The flagship lab will be equipped with state of the art lighting, air handling, humidity control, CO2 management, irrigation, and fertilization technologies. With a centralized automated system capable of full remote access, the facility will collect new data that could prove highly valuable for the still nascent medical cannabis industry.

Management anticipates that the first laboratory will generate $10 million to $12 million in annual revenue, which is significant given the public company’s modest $15.8 million market capitalization, according to OTC Markets.

Shares of GrowBLOX Sciences rose more than 11.5% on the news and are trading 8.3% higher so far this year.

Ryan Allway

About Ryan Allway

Mr. Allway is an experienced financial writer with years of experience in the capital markets.


Network Partners

Follow Us on Social Media

About CannabisFN

Cannabis Financial Network (CannabisFN) is brought to you by TDM Financial, a financial media group and owner of SECFilings.com with over a decade of experience educating the markets, profiling public and private companies, and developing specific investor audiences. CannabisFN is the largest dedicated financial network covering the cannabis and medical marijuana (MMJ) industries and publishes industry news, thought leader and executive interviews, and stories on the fluid business and regulatory environment while serving as a leading corporate communications platform for companies operating in the industry.

Learn How Your Company can Be Covered on CannabisFN

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.

Copyright © TDM Financial LLC · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading