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GB Sciences Surpasses Key Corporate Milestones

Ryan Allway

May 2nd, 2017

News, Top News

The cannabis industry is rapidly growing throughout the United States and around the world. According to Cowen & Co., the U.S. cannabis industry could reach $50 billion by 2026, driven by the ongoing march of recreational and medical legalization. There are many different opportunities in the space, but investors may want to favor companies that have near-term commercial prospects and high quality partnerships already in place.

In this article, we will take a closer look at GB Sciences Inc.’s (OTCQB: GBLX) new deal to develop K-Cups and its near-term plans to begin harvesting.

CFN Media recently interviewed GB Sciences CEO John Poss, discussing the company’s recent developments and its strategy going forward.

 

Innovative New Products & Partner

GB Sciences recently signed an agreement with Kush Cups to produce Keurig-compatible K-Cups in the State of Nevada. These K-Cups can be used by medical marijuana – and soon recreational marijuana – consumers to brew hot and cold coffees and teas. Consumers may find these kinds of products easier for consuming cannabinoids compared to other common forms of consumption, such as smoking, cannabis oils, or edible products.

The company will leverage its advanced propagation technology, tissue culture, and medical-grade clean rooms to grow cannabis in their state-of-the-art cultivation facility in Las Vegas and distribute the Kush Cups throughout the state. Consistency is especially important for medical marijuana consumers that rely on specific combinations of cannabidiol (CBD), tetrahydrocannabinol (THC), and other beneficial cannabinoids.

K-Cups also provide a compelling revenue model for the two partners. The daily use disposable products provide a great source for recurring revenue, while the ubiquity of Keurig machines means a large potential target market. Kush Cups has become a leading provider of cannabis products in the State of Nevada with the potential to expand into other states throughout the country over the long-term.

Growing Op & Research Opportunities

GB Sciences will complete its first marijuana harvest over the coming weeks at its Las Vegas cultivation facility. In addition to this production, the company recently acquired two other Nevada licenses that will be folded into the production facility and expand the scope of its business to include oil extraction, production, and other services. Management also aims to acquire a license in California within the next 12 months to add to its capacity.

In early April, the company submitted an offer to Louisiana State University to act as a licensed operator of its medical cannabis production facility under the Alison Neustrom Act. The deal would enable the company to be the sole vendor of cannabis and extracts on behalf of LSU for the patients of Louisiana. LSU and Southern University have the only two licenses granted by the state to cultivate, distribute, and sell medical cannabis.

The Act also authorized LSU AgCenter to conduct research on medical cannabis, which could tie in nicely with GB Sciences’ research-driven efforts. The research division would work alongside the facility to produce therapeutic medical cannabis products for qualified patients. If GB Sciences wins the contract, it will have the first right to commercialize any inventions or discovery of research from the institution.

Looking Ahead

GB Sciences Inc. (OTCQB: GBLX) represents a compelling investment opportunity within the cannabis industry given its recent product partnerships and expanding grow operations. The agreement with LSU would also provide long-term potential in the form of research opportunities, while the company continues to pursue its current clinical programs. Investors may want to consider the stock as these important catalysts near.

For more information, visit the company’s website or CannabisFN’s company profile.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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