GB Sciences Selling Remaining Stake In LA Medicinal Marijuana Program

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Las Vegas-based GB Sciences is selling its 50% stake in the Louisiana medicinal marijuana industry.

The deal, which includes $8 million in cash and another $8 million to be paid later, is expected to close with Wellcana Plus LLC in October.

Wellcana Plus currently owns the other half of the company and is comprised of more than 100 investors.

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