Boston, MA 06/02/2014 (wallstreetpr) – Growblox Sciences Inc (OTCMKTS:GBLX) needs a bit of introduction because of the name and ticker symbol changes. The company was formerly known as a Signature Exploration and Production Corp. The changes in the company’s identify are not just superficial, they reveal deep and perhaps interesting developments in the company’s business plan.
The company has plunged into the now famous marijuana business, and its preferred investment thesis is marijuana cultivation and dispensaries. The company boasts a technology that it believes has the potential of changing its fortunes in the emerging pot industry.
Many investors seem to have taken notice of the company’s potential. The past week saw the stock jumping an impressive 47 percent to perch at $ 2.54 per share. The gain also came on solid volume too.
Business licenses
Last week, Growblox Sciences Inc (OTCMKTS:GBLX) announced changes in its corporate headquarters. The company moved its corporate offices to Las Vegas, Nevada, in anticipation of its so-called Nevada project.
The company has applied for three licenses in Nevada of which one license seeks approval for its cultivation projects and the other two licenses seek approval of its marijuana dispensaries. The move to relocate to Nevada suggests the company’s confidence in its Nevada initiatives.
The company has a patent pending indoor marijuana growing technology.
Based on the technology
Although Growblox Sciences Inc (OTCMKTS:GBLX) just announced relocation of its corporate headquarters to Nevada, the company is not waiting the perfect time to hit the ground running. Last Friday, shortly after the encouraging stock rally, the company announced its first indoor marijuana growing chambers were ready for use.
Perhaps, unlike other marijuana companies, GBLX seem to rely on a technology whose potential is not in doubt. Additionally, the management has demonstrated business acumen under the new business plan that has taken it into the heart of marijuana.
Already, some market watchers believe that Growblox Sciences Inc (OTCMKTS:GBLX) could be the first leader in medical marijuana business. However, the ultimate success of the company during this transition period and beyond will depend on how hard the management works to earn the confidence of the investors. As of now, the confidence is there, at least going by the gains in the stock.
