GB Sciences (OTCQB:GBLX) announced it received a production license and has started its production operations for their Las Vegas facility.
As quoted in the press release:
Production license partners include Relax With Happy (“RWH”), a new venture co-founded by veteran cannabis chef, Deliciously Dee, and Cura Cannabis Solutions, maker of the best-selling cannabis brand on the West Coast, Select Oil.
Given already announced contractual arrangements with those production partners, operations are expected to generate significant monthly free cash flow after a ramp up period of approximately two months.
John Poss, CEO & Chairman of the board of GB Sciences, said: “Partnering with the right companies is important to us. In any business, but perhaps particularly in this business, philosophical harmony between partners is what makes a partnership work, and work better. We are most fortunate to have Cura with its pristine reputation and demonstrated expertise, as well as Relax With Happy, whose hand-crafted, micro-dosed edibles will vastly improve the options available in the Nevada market.”
Mr. Poss concluded: “We are excited by the prospect of these partnerships, and we expect first retail sales from the production facility sometime during the second quarter of 2018.”