GB Sciences Inc (GBLX)

[Ctrxman]

Based on their concept and business plan, further dilution is inevitable for the foreseeable future. They are not content to merely be a nice little grow and dispense operation. Their aim is to be a medical or biotech company You are buying a concept based on scientific evidence more than an operating company the it generating free cash flow at this point.
The LSU deal comes with commitments and obligations that require periodic payments to the university. Many in Louisiana were very much against the choice of GBLX based on their financial position and the “going concern “ statement in their 10q or 10k. LSU saw something in their science that led them to make that choice. In my opinion, that validates their scientific approach. Wellcana is a recently formed LLC of local investors who bought in. This will provide capital to complete and maintain the facility and meet obligations until they can generate sales in the state.
They have a lot going on in many areas that have the potential to create meaningful revenue and cash flow, but they’re not the yet. Meanwhile, they have few options to raise money except to issue stock.