LAS VEGAS, May 3, 2016 /PRNewswire/ -- Growblox Sciences, Inc. (OTCQB: GBLX) has added three experienced and accomplished executives in the cannabis industry to its board of directors as part of management changes designed to build cash flow with a focus on innovative cultivation operations and maximizing the company's scientific advancements and drug discovery efforts that will lead to game-changing cannabis based pharmaceutical compounds.
New board members are John Poss, the company's President and Chief Financial Officer, Leslie Bocskor, President and Founder of Electrum Partners and Shane Terry, industry consultant and former President of the Nevada Dispensary Association, as outside Directors. Craig Ellins remains board Chairman and Dr. Andrea Small-Howard, the company's Chief Science Officer, also maintains her board role. Further, Mr. Ellins will become the company's Chief Innovation Officer and Mr. Poss will become interim Chief Executive Officer.
Leslie Bocskor, President and founder of firm Electrum Partners is leading the cannabis industry's success and evolution around policy, entrepreneurship, and investment in the cannabis industry, nationally and internationally. As founding chairman of the Nevada Cannabis Industry Association, and with his far-reaching investment and Wall Street background, he's creating models for cannabis industry investment, business and regulation, as Nevada did with gaming. Bocskor's insights and influence have made him the trusted expert and revered pundit on getting in and getting out of cannabis investments successfully. Bocskor has been called by Matthew Kind of Cannainsider the "Warren Buffet of the cannabis industry."
Shane Terry is a former President of the Nevada Dispensary Association as well former CEO of NuVeda NMS, LLC, which is a company that operates marijuana dispensaries in Nevada. He currently is an independent consultant providing advisory services to Medical Marijuana Establishments (MME's) in Nevada and other states. A decorated veteran of the United States Air Force, Terry's career as an Officer and F-16 fighter pilot included earning two Air Medals for combat action over Iraq and Afghanistan while leading his team to three Air Force Outstanding Unit awards from 2006-2009.
Mr. Ellins stated, "We are very pleased to have such distinguished leaders as Mr. Bocskor and Mr. Terry Shane our efforts and taking key roles in our value chain. We are certain that taking these steps today will enable us to better manage the transition from development stage to producing significant revenues, thanks to the imminent opening of our large 28,000 sq. ft. cultivation facility in Las Vegas. The licensed cultivation operations of the company involve skills and strategies that are distinct from our drug development efforts. Mr. Poss will continue the success of past months' efforts, managing the regulatory and reporting requirements of a public company, and focusing on the construction and development and expansion of our licensed cannabis cultivation facility in conjunction with our partners at Pacific Leaf. He also will lead our efforts expand our cultivation activities to other states."
Mr. Poss said, "We are focused on creating a cash flow machine. As we get closer to the company's far reaching pharmaceutical potential, we will further enhance our executive talent to make this company what it should and will be - the creator of important new medicines to treat many diseases and medical conditions that simply cannot be attacked by any other method."
About Growblox Sciences, Inc.
Growblox Sciences, Inc. (GBLX) is a biopharmaceutical research and development company focused on creating safe, standardized, pharmaceutical-grade, cannabinoid therapies that target a variety of medical conditions. The Company has leading technology and cannabis industry processes, with a "big" data-driven clinical research and development loop to bring relief to patients in communities across the country. Through our GBS PR subsidiary, we are developing and globally distributing our Growblox ™ suite of cultivation and growing chambers. To learn more about Growblox Sciences, Inc., go to: http://growblox.com
This press release may contain statements relating to future results or events, which are forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import may identify forward-looking statements. These statements are not historical facts, but instead represent only the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further, information concerning the Company and its business, including factors that potentially could materially affect the Company's business and financial and other results, are contained in the Company's filings with the Securities and Exchange Commission, available at www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and we do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.
Note: Although the Company's research and development activities are not illegal, the production and sale of cannabis products violate federal laws as they presently exist.
Growblox is a registered trademark of Growblox Sciences, Inc.
Growblox Sciences, Inc.,
3550 West Teco Ave., Las Vegas, NV 89118
Liz Bianco Publicity Director, firstname.lastname@example.org, http://growblox.com
Investors: John Poss, email@example.com
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SOURCE Growblox Sciences, Inc.