Global Crossing

(redirected from Gblx)
Also found in: Acronyms.

Global Crossing

A telecommunications company that filed for bankruptcy during the Enron scandal of the early 2000s. It had previously inflated its profits by recording as revenue its conduit swaps, a transaction in which telecommunications companies exchange carriers with each other without trading money. In 2005, it was found to have violated several accounting laws and was forced to settle with the SEC. See also: Sarbanes-Oxley Act.
References in periodicals archive ?
Moreover," he continued, "the agreement with LaurelCo, LLC represents a clear step forward in the GBLX strategy to create a nationwide supply of pharmaceutical grade and branded medical marijuana that is consistent and efficacious no matter where it is grown.
GBLX is eager to forge solid relationships in the international cannabinoid research and business communities that will facilitate our goal of nurturing a cannabis-based biopharmaceutical pipeline," explains Andrea Small-Howard, CSO and Board Member of GBLX.
The Company is listed on the Nasdaq National Market and on the Bermuda Stock Exchange under the symbol GBLX.