DORADO, Puerto Rico, Jan. 15, 2019 (GLOBE
NEWSWIRE) -- GSRX Industries Inc. (GSRX)
(âGSRXâ or, the âCompanyâ) today announced an update on the
Companyâs ongoing operations for 4th quarter 2018. Revenues
for the period will greatly surpass revenue guidance, which had
projected sales to be in the $1.0 million to $1.4 million range.
Accordingly, the Company has updated its revenue projections to
approximately $2.0 million for the fourth quarter of 2018, an
increase of 185% over third quarter revenues. While the
Company will report definitive fourth quarter and annual 2018
financial and operating results on or about February 28, 2019, GSRX
is also giving guidance that sales have been stronger than
projected during the first two weeks of the new year at the
Companyâs five owned-and-operated Green Spirit RX medicinal
cannabis dispensaries in Puerto Rico, and at the Companyâs
owned-and-operated dispensary in Point Arena,
California.
âWe are seeing great sales at our six dispensaries, and our recently launched Hemp-based Pure and Natural CBD products line is also seeing strong demand,â said GSRX CEO Les Ball. âIn addition, we anticipate opening three additional dispensaries in Puerto Rico during the 1st quarter.â
About GSRX Industries Inc. GSRX Industries Inc. (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. Currently, GSRX operates five cannabis dispensaries in Puerto Rico, one dispensary in California, and has five additional pre-qualified locations in Puerto Rico, all of which are in various phases of development and construction.
Websites:
Green Spirit RX https://www.greenspiritrx.com/
Spirulinex https://www.spirulinex.com
Get Pure and Natural GetPureandNatural.com
Instagram:
Spirulinex https://www.instagram.com/spirulinex/
The Green Room https://www.instagram.com/greenroommendo/
Facebook:
Green Spirit RX (Puerto Rico) https://www.facebook.com/Green-Spirit-Rx-746194692378429/
Spirulinex https://www.facebook.com/spirulinex/
The Green Room https://www.facebook.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, 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