GB Sciences Inc (GBLX)

[jefra1965]

Well at least we know the direction Mr. Poss is going at least his way of thinking he's trying to expand.

It would be a great move to expand in Nevada but at a fair price.. Management held its ground because like I said before GBS Nevada has several advantages:

1. We have a pending expansion @ TECO. There is plenty business to keep the crew busy for the rest of the year. Money is available and all the permits are ready.
TECO is at a 30% run rate right now. The facility will be at a 70-80% before year's end (been conservative) and @ 100% a year from now. This will include the CURA oil production at close to full rate. 500,000 grams of oil per month. CURA will probably buy all the trimmings from the TECO operation. There will be no waist. And we could probably sell them all the feed stock. This fact offers a great margin of safety if the prices should tumble in Las Vegas. Plus the royalty deal only adds to the efficiency of the facility. That's why I predict a well established gross margin in the mid 70s by next year.

2. The Cultivation Lab brand is already considered as top quality in Las Vegas. Which means better pricing all around

3. Break even is within reach. The recreational segment of TECO will be a very profitable operation by next year. Which we need to support the medical segment.

4. GBS has to start its own medical grade oil production for the medical market soon. This will be a better quality oil by far. All certified and replicable. A serious investment was made to import all these specialized extraction equipments from Germany. This operation should be almost ready to take off. I believe all the necessary equipment is in place right now.

5. The LSU project is getting ready to commence operations by the end of summer.

6. The in-human medical trials area also in the horizon.

GBS and the stock holders have a lot to look forward to in the short , middle and long term...