SAN JUAN, Puerto Rico, July 02, 2018 (GLOBE NEWSWIRE) -- Green Spirit Industries Inc. (OTCQB:GSRX) (“Green Spirit”
or the “Company”) announced today that it commenced construction on a new Green Spirit RX medicinal cannabis dispensary in Puerto
Rico. Located in the Isla Verde district of Carolina, this is the location for which the Company has received
pre-qualification for a dispensary license from the Department of Health of Puerto Rico. Following construction and
inspection, operations will commence upon receipt of the requisite operating permit from the DHPR.
Currently, there are three Green Spirit RX medicinal cannabis dispensaries open in Puerto Rico: one in Dorado,
one in Carolina and one in San Juan’s Hato Rey neighborhood. The Company has additional locations currently under
construction in Fajardo, San Juan (Andalucia) and Bayamón.
“We are looking forward to opening another one of our Green Spirit RX dispensaries to serve patients in the U.S.
territory of Puerto Rico,” said Les Ball, CEO of Green Spirit. “Once completed and fully licensed, our new location in Isla
Verde will join others in our rapidly-expanding network of retail locations throughout Puerto Rico and the U.S.”
Green Spirit’s newest Green Spirit RX dispensary is located at 1060 Av. Isla Verde, Carolina, Puerto Rico
00913. Isla Verde is the most popular beach vacation destination in the metro San Juan area, and attracts both leisure and
business travelers. It is home to some of the island’s most luxurious beachfront hotels, and Isla Verde Beach was voted the
Best Urban Beach 2016 by USA Travel readers. Isla Verde is located within minutes of San Juan’s Luis Muñoz Marin
International Airport, and boasts an active nightlife scene, with casinos, dance clubs and elegant lounges.
Like the Company’s other locations throughout Puerto Rico, this dispensary will offer patients an extensive
selection of medicinal cannabis.
On June 20, Green Spirit released the Company’s first annual shareholder update (Green Spirit Shareholder Update). For more information about Green Spirit, visit the
Company’s website at http://www.greenspiritrx.com/.
About Green Spirit Industries Inc.
Green Spirit Industries Inc. (OTCQB: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. To date, Green Spirit has acquired and operates four cannabis dispensaries
in California and Puerto Rico, and has acquired four additional pre-qualified locations in Puerto Rico, all of which are under
construction with expected openings later this year. The Company expanded its California operations into the
cultivation/growing, extraction/processing and cannabinoid manufacturing businesses during the first quarter of 2018 through joint
ventures in which it holds majority stakes.
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
paul@pgprmedia.com
678-807-7945
