GrowBLOX Sciences 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.”
