GrowBlox Sciences, Inc is a development-stage company that offers cultivating and processing solutions to medical marijuana businesses. These solutions are primarily the proprietary technologies that the company itself has developed, and GrowBlox Sciences intends to implement these in Nevada through its state-level partners.
The company was founded in 2001 and first operated as Flagstick Ventures, Inc. It underwent various changes in business and name: in 2004, it became the Diabetic Treatment Centers of America, Inc, and in 2008, it changed to Signature Exploration and Production Corp. Finally, in April 2014, it became GrowBlox Sciences, Inc.
The company is now being traded in the OTC markets under the symbol GBLX. Its value is estimated at USD 22.41 M.
GrowBlox Sciences’ technologies cater to various aspects of the marijuana cultivation process. One of the company’s major technologies is the GrowBlox Cannabis Grow Chamber, an indoor plant-growing chamber equipped with climate and environment controls. The company also has the InCUBEator Cannabis Propagation Chamber, designed to ensure the consistency of cannabis cultivation through the tissue culture method.
Another solution developed by GrowBlox is the ConversionLAB, which is used in the extraction of the medicinal compounds of cannabis, utilizing CO2 to produce clean extracts. Finally, for the drying and curing of marijuana, there is the CureBLOX Cannabis Drying System. This process follows an algorithm that regulates temperature and humidity and thus makes the product pathogen-free.
In addition, GrowBlox is one of the leading companies that process state and local licenses in places where medical cannabis programs are established. The company does this with its specialists in application requests such as compliance, sales plans, packaging, branding, and security.
The management team at GrowBlox Sciences, Inc comprises CEO and Chairman Craig M. Ellins, CFO and Chief Accounting Officer Steven W. Weldon, and Chief Science Officer Dr. Andrea Small-Howard.
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LAS VEGAS, NV / ACCESSWIRE / May 4, 2020 / GB Sciences, Inc. (OTCQB:GBLX) announced today that the United States Patent and Trademark Office (USPTO) will issue U.S. Patent No. 10,653,640 entitled "Cannabinoid-Containing ...
LAS VEGAS / ACCESSWIRE / April 6, 2020 / GB Sciences, Inc. (GBLX), is pleased to announce that the company's Canadian entity, GBS Global Biopharma, Inc. (GBS), signed an Amendment to their Agreement with the National Research Council of Canada (NRC). The NRC has demonstrated that the company's PD formulations were able to reduce behavioral changes associated with the loss of dopamine-producing neurons, which underlies the pathology of Parkinson's disease in the animal model.
GB Sciences, Inc. (OTCQB: GBLX) announced significant preclinical results for their Parkinson's disease ("PD") formulations from the midterm report for their preclinical study being performed by Dr. Lee Ellis of the National Research Council (NRC) in Halifax, Nova Scotia, CANADA. GB Sciences' PD formulations were able to reduce behavioral changes associated with the loss of dopamine-producing neurons, which underlies the pathology of Parkinson's disease in the animal model. Our final phase of testing will study the mechanism of action for these promising formulations, which could potentially help patients with this debilitating disease. The combined direct and indirect costs associated with Parkinson's disease are estimated at $52 billion in the U.S. alone.
LAS VEGAS , Dec. 5, 2019 /CNW/ -- GB Sciences, Inc. (GBLX) announced the execution of a Binding Letter of Intent for the Sale of 75% of its membership interests in the Company's Las Vegas, Nevada cultivation and production operation. This transaction will significantly reduce the Company's operating expenses, generate near-term working capital, and provide ongoing cashflow to enable the Company to focus solely on its biopharmaceutical and wellness assets. The transaction is the next step in the Company's exit from cannabis cultivation and production.
The Sale, Which Immediately Eliminates Substantial Cash Obligations and Operating Expenses, Is Collateralized by Wellcana Plus's Interest in GB Sciences Louisiana. LAS VEGAS , Nov. 18, 2019 /CNW/ -- GB Sciences, Inc. (GBLX) completed the sale on November 15, 2019 of its 50% membership interest in GB Sciences Louisiana, LLC to Wellcana Plus, LLC, an affiliate of Wellcana Group, LLC who owns the other 50% interest. The sale immediately eliminates current cash obligations due from GB Sciences as well as the Company's share of operating expenses going forward.