Business
GB Sciences Prepares to Triple Production Capabilities in Its Las Vegas Facility
GB Sciences Prepares to Triple Production Capabilities in Its Las Vegas Facility.
About this update from Gb Sciences, Inc.
[{"type":"text","content":"\n\n\n\nGB Sciences Prepares to Triple Production Capabilities in Its Las Vegas Facility\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGB Sciences Prepares to Triple Production Capabilities in Its Las Vegas Facility\nPositioned to Increase Revenue by Approximately $5.6 Million\nPR Newswire\nLAS VEGAS, May 14, 2019\n\n\n\n LAS VEGAS, May 14, 2019 /PRNewswire/ -- 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. \n\n \n \n\n \nAbout 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.\nForward-Looking Statements\nThis press release may contain statements relating to future results or events, which are forward-looking statements.  Words such as \"expects\", \"intends\", \"plans\", \"may\", \"could\", \"should\", \"anticipates\", \"likely\", \"believes\" and words of similar import may identify forward-looking statements. These statements are not historical facts, but instead represent only the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control.  It is possible that the Company's actual results and financial condition ...