Where are you getting this information if they are not releasing updates?
I wonder how far out they are from producing revenue.
No, I believe he is with INQD now.
GBLX has not been discovered yet. GBLX PhAROS AI Drug Discovery Engine and their promising pipeline for Parkinson's
Disease, Advanced Heart Problems, Pain and Inflammation, are about to enter into human trials for Parkinson's with LabCorp as their CRO could be a very big success story. If successful, this could be an incredibly high-priced stock.
Both our President, Andrea Small-Howard, PhD, MBA, and our Chairman, John Poss, have issued Gb Sciences' Shareholder Letter summarizing key developments from 2022 and providing the company's strategic plans for 2023. Read the full update: https://t.co/YC7YZkTjo5— GB Sciences, Inc. (@gbsciencesinc) March 8, 2023
GBLX has the most advanced AI drug development technology called PhAROS and has already generated very promising data for Parkinson's, heart disease, pain and anxiety and more and is starting human trials on Parkinson's the year. I think shares are highly undervalued now and ould easily see multiples higher in coming weeks and months. Very strong management and technology.
Time for this one to move back up. Talk is cheap, actually getting the patent is gold. https://www.google.com/url?sa=t&source=web&rct=j&url=https://finance.yahoo.com/amphtml/news/gb-sciences-granted-u-patent-120000472.html&ved=2ahUKEwjBvIGb6af2AhXqlmoFHQnADuEQyM8BKAB6BAgREAI&usg=AOvVaw33fiTpMs53lOCOM_v17-F-
GBLX sells Las Vegas Cannabis operation for $8M. pivot business away from marijuana
Need new management here.
GW deal will fire up 420 bios... this is one.
Lots of patent activity!!!
Here shaarky, shaarky... "play it as you see it"... lmao!
Please correct me if I am wrong, but I thought the original sale of the stake in the Louisiana operation was 8 million. Am I thinking of something else or did they renegotiate?
LAS VEGAS, NV / ACCESSWIRE / January 12, 2021 / GB Sciences, Inc. (OTCQB:GBLX) completed the sale of its remaining interest in GB Sciences Louisiana LLC ("GBSLA") on December 16, 2020 .
In November 2019 , the Company entered into a Membership Interest Purchase Agreement (the "Agreement") with Wellcana Plus, LLC ("Wellcana"), whereby Wellcana would acquire the Company's 50% membership interest in GBSLA. Since then, certain modifications of the Agreement had taken place so GB Sciences would be paid a total of $4,900 ,000: $4,150,000 in one lump sum at closing, in addition to the $750,000 already received, rather than over time to complete the sale to Wellcana. A portion of the proceeds from this sale were used to completely satisfy the Company's obligations to Iliad Reseach and Trading, LP .
John Poss , CEO and Chairman of GB Sciences , stated, "We have the highest respect for Wellcana and wish them continued success in bringing relief to patients in Louisiana . That said, completing this sale is a nice way to close out a tough year."
Andrea Small-Howard , Chief Science Officer and Director of both GB Sciences and GBS Global Biopharma, Inc. , remarked, "This brings us a big step forward in turning our attention from the past towards the future, where we can focus 100% of our attention and capital on developing our existing cannabis-based combination therapies and on new research to enrich our already promising patent portfolio."
I'm still here. I got out, but then jumped back in 03s. $GBLX
Been holding steady in 04s. MACD turning up. $GBLX
I think heading lower first to .035ish
Holding .04 over the past few weeks... looks like this is getting ready for the next leg up...
.0418 these prices are great. I may have to buy back in soon.
I'm out. Good luck to you!
Nice job! $GBLX
GB Sciences Announces Issuance of US Patent for its Proprietary, Cannabinoid-Based Anti-Inflammatory Formulations
10:05 AM ET 12/8/20 | Dow Jones
LAS VEGAS, NV / ACCESSWIRE / December 8, 2020 / GB Sciences, Inc. (OTCQB:GBLX) announced that the United States Patent and Trademark Office (USPTO) will issue U.S. Patent No. 10,857,107 entitled "Cannabinoid-Containing Complex Mixtures for the Treatment of Mast-Cell-Associated or Basophil-Mediated Inflammatory Disorders" today, Dec. 8, 2020. This U.S. patent is assigned to GBS Global Biopharma (GBS), Inc., GB Sciences' Canadian entity. GBS's new U.S. patent protects methods of using GBS's proprietary cannabinoid-containing complex mixtures (CCCM(TM)) for treating Mast Cell Activation Syndrome (MCAS). MCAS is a severe immunological condition in which mast cells inappropriately and excessively release inflammatory mediators, resulting in a range of severe chronic hyperinflammatory symptoms and life-threatening anaphylaxis attacks.
"Receiving our patent for the treatment of MCAS using GBS's CCCM(TM) is an important milestone in the development of this urgently needed medicine. There is no single recommended treatment for MCAS patients. Instead, they attempt to manage MCAS symptoms primarily by avoiding 'triggers' and using rescue medicines for their severe hyperinflammatory attacks. Therefore, MCAS patients need new therapeutic options to control their mast cell related symptoms, and our CCCM(TM) were designed to simultaneously control multiple inflammatory pathways within mast cells as a comprehensive treatment option," explained Dr. Andrea Small-Howard, Chief Science Officer and Director of both GB Sciences, Inc. and GBS Global Biopharma, Inc. "Our company is strategically targeting MCAS for two additional reasons. By focusing on a rare disease with no known cure, our company can apply for the U.S. Food and Drug Administration's expedited approval process, which allows clinically successful treatments to get to market both quicker and more cost-effectively. Gaining approval from the U.S. FDA for the entire anti-inflammatory market would be extremely time-consuming and cost-prohibitive. Demonstrating that our CCCM(TM) are safe for the treatment of MCAS would favorably position our Company for clinical testing of these CCCM(TM) as potential treatments for other related inflammatory disorders, such as inflammatory bowel disease, thereby widening the target market and drastically shortening the development cycle and costs."
GBS's intellectual property portfolio contains multiple patent families covering different CCCM(TM) containing novel combinations of active pharmaceutical ingredients that are complex mixtures composed of natural or synthetic homologs of cannabis-derived ingredients. In addition to the U.S. patent issued for its MCAS CCCM(TM), GBS's intellectual property portfolio currently contains four patents that are issued in the U.S. with corresponding patents issued internationally. Seven nonprovisional patent applications and three provisional patent applications are pending in the U.S. and 29 patent applications have been filed internationally drawn to CCCM(TM) for the treatment of neuropathic pain, inflammatory disorders, cardiovascular disease, neurodegenerative conditions and a variety of other clinically unmet needs.
"Our focus on this rare disease offers strategic advantages in development and entry into the lucrative anti-inflammatory market," said John Poss, CEO and Chairman of GB Sciences, Inc. "This U.S. patent further validates our drug discovery platform and strengthens our intellectual property portfolio of unique CCCM(TM), each targeting one of up to 50 specific clinical applications."
About GB Sciences, Inc. and GBS Global Biopharma, Inc.
GB Sciences, Inc. (OTCQB:GBLX), through its Canadian entity GBS Global Biopharma, Inc., is a dedicated biopharmaceutical research and cannabinoid-based drug development company whose goal is to create patented formulations for safe, standardized, cannabinoid therapies that target a variety of medical conditions in both the pharmaceutical and wellness markets.
GB Sciences Inc. – Investigating Potential Lawsuits, featured by Top Securities Fraud Attorneys, The White Law Group
Securities Investigation- GB Sciences Inc.
Are you concerned about your investment in GB Sciences Inc.? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
GB Sciences Inc. is a “diverse cannabis company”, focused on standardized cultivation and production methods; as well as biopharmaceutical research and development, according to its website.
According to SEC filings, the company filed a Form D to raise capital from investors in 2018. The total offering amount was $5,000,000. According to the Form D, the estimated sales commissions on the investment were 10%.
Investments such as these are typically sold by brokerage firms in exchange for a large up front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
The problem with private placement investments such as GB Sciences Inc. is that they typically involve a high degree of risk. They are also often sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending high-risk private placements to investors.
Despite the risks of investing in private placements, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If you have concerns regarding your investment in GB Sciences Inc. and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.