GrowBlox Sciences, Inc. (OTCMKTS:GBLX) Is Still Descending
GrowBlox Sciences, Inc. (OTCMKTS:GBLX) gained a lot in terms of market value during the latest marijuana surge, but lost all its gains, and then some, when it became clear that the Grand Old Party will be in charge of both the House and the Senate.
Nothing the company has done since that fateful day six sessions ago has managed to bring GBLX any stability. Almost every sessions since it became obvious that the republicans have won has been a virtual disaster for GBLX, and although the dollar volumes have obviously decreased, the ticker is still headed down with an alarming speed, in spite of all the coverage that CFN provides the company with.
To elaborate on the previous statement – the Canabis Financial Network, a rally point for marijuana proponents and pot-stock enthusiasts, has been covering GBLX extensively, profusely heaping superlatives on the company every other day since the beginning of November.
Unfortunately for loyal GBLX supporters and opportunistic traders looking to make a quick buck out of it alike, the praise doesn’t seem to be doing much good.
And, when you think about it, how could it have any effect, when investors are spoon fed statements like “state-of-the-art technologies in plant biology, cultivation technology and post-production processes in order to optimize safe and consistent medicinal cannabis” every other day?
As it is, it looks like it’s going to take a lot more than the unimpressive announcements that GBLX keeps pumping out in order for the tide to turn.