Dorado, P.R. — August 20, 2018 — /D.M.O. Newswire/ – GSRX Industries Inc. (OTC:GSRX) (“GSRX” or, the “Company”), through its wholly-owned subsidiary, Project 1493 LLC, has filed for pre-qualification of a dispensary license for a new Green Spirit RX medicinal cannabis dispensary in Puerto Rico. If granted pre-qualification, this would bring the total number of GSRX medicinal cannabis dispensaries there to nine, upon receipt of the requisite establishment licenses from the Department of Health of Puerto Rico.
The new pre-qualification application is for a location at Urbanización Muñoz Rivera, Calle Acuarela C-15 (local A), Guaynabo, Puerto Rico, 00969. Guaynabo is located on Puerto Rico’s northern coast, west of San Juan, and is considered part of the San Juan metropolitan area. Guaynabo is the host city for a number of Puerto Rico’s annual festivals, including Three Reyes Festival in January and Mabó Carnival in March. Approximately 100,000 people reside throughout Guaynabo’s ten wards, and it is home to the three-level enclosed shopping mall San Patricio Plaza, which boasts more than 120 shops.
GSRX currently operates Green Spirit RX medicinal cannabis dispensaries in Dorado, Carolina and the Hato Rey neighborhood of San Juan. In addition to Guaynabo, the Company has five more locations that are currently under construction or near completion in Puerto Rico, located in Isla Verde, San Juan, Fajardo, Old San Juan and Bayamón. The Company also owns and operates The Green Room, a cannabis dispensary in Point Arena, California. GSRX recently received pre-qualification and preliminary approval for a medicinal cannabis manufacturing license (Manufacturing) and a medicinal cannabis transportation license (Transportation), the latter of which will allow the Company to transport and deliver cannabis between Green Spirit RX dispensaries and patients’ homes in Puerto Rico.
About GSRX Industries Inc.
GSRX Industries Inc. (OTCQB: GSRX), through its subsidiaries, is in the business of acquiring, developing and operating retail cannabis dispensaries, and is in the process of expanding its business to include the cultivation, extraction, manufacture and delivery of cannabis and cannabinoid products. To date, GSRX has acquired and operates four cannabis dispensaries in California and Puerto Rico.
Forward-Looking Statements
This press release contains forward-looking statements. Such statements include statements regarding our expectations, hopes, beliefs or intentions regarding the future, including but not limited to statements regarding our market, strategy, competition, development plans (including acquisitions and expansion), financing, revenues, operations, and compliance with applicable laws. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause actual results to differ materially from such forward-looking statements include the risks described in greater detail in the following paragraphs. All forward-looking statements in this document are made as of the date hereof, based on information available to us as of the date hereof, and we assume no obligation to update any forward-looking statement except where applicable law requires us to update these statements. Market data used throughout this prospectus is based on published third party reports or the good faith estimates of management, which estimates are based upon their review of internal surveys, independent industry publications and other publicly available information.
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