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GSRX Industries Inc GSRX

Healthcare Drug Manufacturers - Specialty & Generic Cannabis
GSRX Industries Inc, through its subsidiaries, is in the business of acquiring, developing, and operating retail cannabis dispensaries and non-tetrahydrocannabinol (THC) cannabidiol (CBD) retail stores. The Company also is in the process of expanding its business to include distribution, extraction and light manufacturing, and delivery of cannabis and cannabinoid products. It operates five cannabis dispensaries in Puerto Rico under the name Green Spirit RX and one dispensary in California under the name The Green Room. The Company also owns and operates the e-commerce site GetPureAndNatural.com, which offers a broad range of hemp extract products.


GREY:GSRX - Post by User

GSRX Industries Inc > News - Chemesis acquires 19.9% in GSRX Industries Inc.
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Post by HH1977on Apr 01, 2019 5:29am
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Post# 29562281

News - Chemesis acquires 19.9% in GSRX Industries Inc.

News - Chemesis acquires 19.9% in GSRX Industries Inc.Both winners ?

https://stockhouse.com/news/press-releases/2019/04/01/chemesis-international-inc-acquires-19-9-equity-stake-in-gsrx-industries-inc
Pursuant to the terms of this acquisition, GSRX Industries Inc. will issue 11,666,998 common shares to Chemesis, which is equal to 19.9% of GSRX’s outstanding common shares. GSRX has also granted Chemesis a pre-emptive right to maintain such ownership percentage.  In exchange, Chemesis will issue 7,291,874 common shares to GSRX. The shares exchanged under this transaction shall be subject to a mutual 36-month leak-out schedule.
 
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