Green Spirit Mendocino LLC is Wholly Owned Subsidiary of GSRX Industries Inc. and Operates as The Green Room
DORADO, Puerto Rico, April 03, 2019 (GLOBE
NEWSWIRE) -- GSRX Industries Inc. (GSRX)
(“GSRX†or, the “Companyâ€) announced today that its wholly owned
subsidiary, Green Spirit Mendocino LLC (“Green Spirit Mendocinoâ€),
has received their Provisional Adult-Use and Medicinal Retailer
License from the California Bureau of Cannabis Control last Friday,
March 29th. Green Spirit Mendocino LLC owns and operates The
Green Room, an Adult-Use and Medicinal Retail Cannabis Dispensary
in Point Arena.
Receipt of the Provisional License ensures ongoing operations at The Green Room, which has experienced a substantial rise in sales since its purchase by GSRX in April of 2018. The Company has completed its submission for the state retail storefront annual license which is now under final review. GSRX expects to receive the annual license within weeks.
GSRX recently announced that it has adjusted its 1st quarter guidance upwards, citing stronger than anticipated sales across the Company’s dispensaries (GSRX Raises First Quarter Guidance).
About GSRX Industries
Inc.
GSRX Industries Inc. (GSRX), through its subsidiaries, is in the
business of acquiring, developing and operating retail cannabis
dispensaries and non THC CBD retail stores. GSRX is also in
the process of expanding its business to include distribution,
lite manufacturing and delivery of cannabis and cannabinoid
products. Currently, GSRX operates five cannabis
dispensaries in Puerto Rico under the name Green Spirit RX, one
dispensary in California under the name The Green Room, and has
five additional pre-qualified locations in Puerto Rico, all of
which are in various phases of development and construction.
GSRX also owns and operates the e-commerce site GetPureAndNatural.com,
which offers a broad range of pharmaceutical grade CBD
products.
Instagram:
The Green Room https://www.instagram.com/greenroommendo/
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, anticipated 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.
Contact:
Paul Gendreau
PGPR
[email protected]
678-807-7945