DORADO, Puerto Rico, May 14, 2019 (GLOBE
NEWSWIRE) -- GSRX Industries Inc. (GSRX)
(“GSRX†or the “Companyâ€) Executive Chairman Christian Briggs will
present to an investor audience at the cannabis industry’s highly
anticipated CannaStocks 2019 Q1 Investor Conference on Wednesday,
May 15 in New York. GSRX is one of the largest medicinal
cannabis dispensary operators in the U.S. Commonwealth of Puerto
Rico, and also operates adult use and medical dispensaries in
California. In addition, the Company’s majority-owned
subsidiary Spirulinex has approximately 40 patents pending for
water soluble cannabis formulizations.
The conference will take place at the OTC Markets Group offices in New York and will feature company presentations and discussions regarding current market trends from OTC Markets QX and QB tier Issuers. Mr. Briggs is scheduled to present at 4:45 pm, followed by a Q & A with conference attendees. Importantly, the presentation and Q & A will be lived-streamed worldwide in partnership with Midtown Partners & Co, LLC. Pre-registration for the live-stream video webcast is available at CANNASTOCKS 2019 Q1 CONFERENCE. The video webcast will also be archived for later viewing. There is no charge for access to the webcast.
At tomorrow’s conference, GSRX’s Briggs and other participants will provide insight on important themes of particular interest to investors, including: innovation, consolidation, international expansion and specialization.
GSRX recently announced financial results for the 4th quarter of 2018 and its full year 2018 results, reporting record revenues of $1.66 million for the quarter – an increase of 135% over the prior quarter. Additionally, the Company recently announced record 1st quarter revenues of $2.9 million (unaudited), with a rise in gross profit to 51.76%.
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 also is in
the process of expanding its business to include distribution,
extraction and light 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 products.
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.
Contacts:
Paul Gendreau
PGPR
[email protected]
678-807-7945
Sara Moody
GSRX
[email protected]