Growblox Sciences, Inc. (GBLX) Prepares for Commercialization through Launch of New Subsidiary
Growblox Sciences earlier this week took a step toward the commercialization of its GrowBLOX™ technology suite through the establishment of Growblox Sciences Puerto Rico, LLC (GBS PR), a majority-owned subsidiary housed on the Caribbean commonwealth. The move comes on the heels of an executive order issued last Sunday by Governor Alejandro Garcia Padilla authorizing the use of some or all controlled substances or derivatives of the cannabis plant for medical use. Through a collaboration with GrowBlox the island is now launching a clinical investigation into the use and production of medicinal cannabis. “We are very excited by the timing of…