ID Global Corp., Growblox Sciences Inc. Among Marijuana Stocks With Double Digit Gains


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PK:IDGC / OTC:BB:GBLX
06/18/2014 [ACCESSWIRE]

ID Global Corp. (OTCPINK: IDGC) saw its share volume explode on June 18th with 665,699,961 shares exchanging hands, nearly 13 times higher than its three month daily average volume of 52,169,383 shares.

This surge in volume comes after ID Global Corp. announced that it has obtained the exclusive worldwide licensing and distribution agreement from Corr Brands, Inc. (CBI) for GREEN RUSH(TM) Products. A new brand development division will be started by IDGC as the products are packaged for sale and IDGC will invoice all sales for GREEN RUSH(TM) Products in the marketplace.

Through the agreement IDGC is granted exclusive worldwide licensing and distribution rights through the year 2017 within retail channels including:

- National, regional or independent chains;

- Natural food stores;

- Club stores;

- Mass merchandising or drug store chains;

- Gourmet or specialty outlets;

- Department stores;

- Food service industry and other institutional sales; and

- Armed forces sales and outlets.

Sebastien DuFort, president and CEO stated, "This is a significant step for IDGC to enter the medical marijuana market with an established and trusted group. We have been in discussions with other strategic partners and affiliates to ensure we execute and take full advantage of this opportunity. More details about the partnerships and roll out plans will follow."

IDGC closed the day at $.0009, 80% higher than its previous close of $.0005.

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Growblox Sciences Secures Special Permit In Clark County

Growblox Sciences, Inc (OTCQB: GBLX) saw its share volume remain strong on June 18th with 459,179 shares exchanging hands, triple its three month daily average volume of 152,334 shares.

Just yesterday, Growblox Sciences announced through its local partnership, GBS NEVADA, LLC, that it has secured a special use permit in Clark County, Nevada for its cultivation and conversion facility.  The Company completed its presentation to the Board of Commissioners and was successful in acquiring this special use permit for its proposed Las Vegas facility.  The Company will await final State approval and will be applying for a State business license in the coming weeks.

Growblox Sciences, CEO, Craig Ellins said, "More great news!  We are building on the momentum of securing a special use permit for our dispensary and now our cultivation and conversion facility.  This permit is instrumental in our vision of providing a superior medical-grade product to patients in need, as it will provide a necessary growth outlet to the community.  Clark County set the bar high and we have met and exceeded those parameters.  We are very delighted with the results."

In addition, Growblox Sciences announced Dr. Andrea Small-Howard, PhD, MBA as its Chief Financial Officer and Member of the Board of Director.

GrowBLOX Sciences, CEO, Craig Ellins said, "I couldn't be happier to have Andrea on board.  We have been building a business model based on our proprietary technology and with someone as talented and skilled in biotechnology as Andrea, we have the research and resources to help her build on the momentum of our product pipeline.  Now that the FDA has fast tracked clinical trials for certain cannabinoid medicines, Andrea's experience in FDA product trials will position our team of scientists to a nutraceutical and pharmaceutical approved market."

GBLX closed the day at $1.52, up 14.29% from its previous close of $1.33.

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