DORADO, Puerto Rico, April 17, 2019 (GLOBE
NEWSWIRE) -- GSRX Industries Inc. (GSRX)
(“GSRX†or the “Companyâ€) announced today that it has signed a
long-term building lease in Palm Springs for what will be the
Company’s second adult-use and medicinal cannabis dispensary in
California. The Company currently owns and operates The Green
Room in Point Arena, as well as several Green Spirit RX medicinal
cannabis dispensaries in Puerto Rico, with two more slated to open
there soon.
“We are very excited to be launching our second Green Room dispensary in Palm Springs,†said Les Ball, GSRX CEO.
GSRX’s newest cannabis dispensary will be located in a free-standing 4,500 square foot building that includes a private patio area and ample customer parking. The site is considered a prime retail location, where CA Highway 111 becomes N. Palm Canyon Drive, the main entrance to the City of Palm Springs from I-10 and Los Angeles. The building originally was home to Riccio’s, an Italian restaurant and favorite Palm Springs hangout for Frank Sinatra and his Rat Pack pals, who regularly held court in Booth #6. The site is close to The Riviera Resort and Spa Palm Springs, A Tribute Portfolio Resort, ARRIVE Palm Springs and Desert Regional Medical Center, and is minutes from Palm Springs’ city center, Palm Springs Spa Resort Casino, Palm Springs International Airport, and the countless other hotels and resorts for which Palm Springs is famous.
Once completed and fully licensed, GSRX’s newest dispensary will offer patients an extensive selection of cannabis products, including edibles and accessories.
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 Premium Hemp Extract CBD
products.
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:
Spirulinex https://www.facebook.com/spirulinex/
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