GB Sciences Prepares to Triple Production Capabilities in Its Las Vegas Facility
Positioned to Increase Revenue by Approximately $5.6 Million
LAS VEGAS, May 14, 2019 – GB Sciences, Inc. (OTCQB: GBLX) today announced it is nearing completion of $700,000 in power and water upgrades at its cultivation facility in Las Vegas, NV, which will more than triple the company's flower production capabilities. The upgrades will allow GB Sciences to expand its Las Vegas cultivation facility, currently at 180 active grow lights, to approximately 600 lights total. With the industry average yield of one and a half (1.5) pounds per light of cured untrimmed flower, and current market rates per gram, the company is positioned to increase its revenue by approximately $1.4 million per grow cycle at the Las Vegas facility.
About GB Sciences, Inc.
GB Sciences, Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production methods; 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 GB Sciences, Inc., go to: http://gbsciences.com.
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Note: Although the Company’s research and development activities are not illegal, the production and sale of cannabis products violate federal laws as they presently exist.
GB Sciences, Inc., 3550 West Teco Ave., Las Vegas, NV 89118
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