GrowBLOX Sciences, Inc. (GBLX) Signs Financing, Licensing Agreements for Advancement in Nevada Cannabis Market
GrowBLOX Sciences has entered into a Note Purchase Agreement with Pacific Leaf Ventures, LP in which Pacific Leaf has agreed to make an installment loan to GrowBLOX of up to $1.75 million. According to an SEC filing, the financing provides the funding for GrowBLOX subsidiary GB Sciences Nevada, LLC to acquire and install an operating facility, equipment, and other tangible assets for the cultivation of cannabis and the extraction of oils and other constituents present in cannabis, in adherence to Nevada legal requirements. GBS Nevada holds a provisional certificate from the Division of Public & Behavioral Health of the Nevada…