Source: GrowBLOX Sciences, Inc. Press Release
LAS VEGAS, NV / ACCESSWIRE / January 12, 2015 / GrowBLOX Sciences, Inc., “GB Sciences” (GBLX), is a biopharmaceutical research and development company with state-of-the-art technologies in plant biology, and cultivation which are designed to produce consistent medicinal cannabis signed a supply agreement for its proprietary growing chambers with a Chinese manufacturer Fuzhou Seechance Holding Co., LTD. (FSH). FSH is a leading manufacturer and exporter of electrical and lighting products. GBLX believes that FSH can supply 100% of the demand for the chambers, for the foreseeable future and beyond.
GrowBlox Sciences CEO Craig Ellins said, “We are proud to have established a well-regarded partner such as FSH. Most importantly, our faith in them was reciprocated by their faith in us, as evidenced by their willingness to take common equity instead of cash for the first payment due under the contract. I believe that FSH, like GBLX, sees a large market for the chambers that they will be supplying for years to come.”
Craig Ellins also said, “The contract, also provides for a two year parts warranty for all equipment that they manufacture, and further has agreed to open a U.S. service center stocked adequately with parts. We believe that this kind of assurance of reliability and support will substantially enhance our marketing efforts around the country.”
About GrowBLOX Sciences, Inc.
GrowBLOX Sciences, Inc. “GB Sciences” is a biopharmaceutical research and development company that merges state-of-the-art technologies in plant biology, cultivation technology and post-production processes in order to optimize our safe and consistent medicinal cannabis. The company is pioneering technology, industry-leading processes, and a big data-driven clinical research and development algorithm to bring relief to patients in communities across the country. To learn more about GB Sciences, Inc., go to www.gbsciences.com.
About Fuzhou Seechance Holding Co., LTD.
FSH is a leading manufacturer and exporter of electrical and lighting products, which was established in 1999, and for over a decade it has developed a particular specialty in lighting and related equipment for indoor growing systems. Working with GBLX scientists and engineers, FSH was able to provide the manufacturing and design resources for the chambers and each of its components, thus becoming a “one-stop shop” for the GBLX business. With a substantial manufacturing facility in Fujian province, having over 600 employees and more than 50 technical specialists.
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements in this news release include statements regarding the payment of dividends, marketing and distribution plans, development activities and anticipated operating results. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as the Company’s ability to accomplish its business initiatives, significant fluctuations in marketing expenses and ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of its products and services, as well as the introduction of competing products, or management’s ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and other information that may be detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: GrowBLOX Sciences, Inc.