DORADO, Puerto Rico, July 31, 2018 (GLOBE NEWSWIRE) -- GSRX Industries Inc. (OTCQB:GSRX) (“GSRX” or, the
“Company”), through its wholly-owned subsidiary, Project 1493 LLC, has received pre-qualification for a new Green Spirit RX
medicinal cannabis dispensary in Puerto Rico, which will bring the total number of GSRX medicinal cannabis dispensaries there to
eight, upon receipt of the requisite establishment licenses from the Department of Health of Puerto Rico.
“We are heavily investing resources in Puerto Rico as the island continues its return to business-as-usual
following last year’s devastating hurricanes,” said GSRX CEO, Les Ball. “Based on strong sales at our first locations to open
in Dorado, Carolina and Hato Rey, we feel certain that making medicinal cannabis more widely available to local patients in Puerto
Rico, as well as visitors with medical licenses issued in their home states, is a prudent investment, and we look forward to open
new locations throughout 2018 and into 2019.”
Importantly, the island's cannabis law includes a reciprocity policy that allows dispensaries to serve patients
who are visiting for business or pleasure, who hold a medical cannabis card from their home state. GSRX currently operates
Green Spirit RX medicinal cannabis dispensaries in Dorado, Carolina and the Hato Rey neighborhood of San Juan. The Company
has four more locations that are currently under construction or near completion in Puerto Rico, located in Isla Verde, San Juan,
Fajardo and Bayamón. The Company also owns and operates The Green Room, a cannabis dispensary in Point Arena,
California. GSRX recently announced financial results for second quarter 2018, which cited record revenue for the Company
(GSRX Second Quarter Financial Results).
The new pre-qualified application is for a location in Old San Juan at Calle Fortaleza #65, San Juan
00901. Immediately recognizable by its centuries-old fortifications that overlook San Juan Bay, Old San Juan is the most
visited place in Puerto Rico, and one of the most popular cruise destinations in the Caribbean. Known for its rich history,
romantic ambiance, Old World elegance, exquisite food and festive atmosphere, Old San Juan plays host to cultural events throughout
the year. There, visitors to the island can tour Ponce de Leon’s mansion, La Fortaleza palace, walk the old city’s
cobblestone streets or ride the Old San Juan trolley while enjoying the architecture of Puerto Rico’s most historical
neighborhood. The new Green Spirit RX dispensary will be located just steps away from La Fortaleza (The Fortress), the
official residence of the Governor of Puerto Rico. Also known as Palacio de Santa Catalina, it was built between 1533 and
1540 to defend the harbor of San Juan, and is the oldest executive mansion in continuous use in the New World.
About GSRX Industries Inc.
GSRX 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, GSRX 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 currently
under construction and expected to open later this year.
Follow us on Instagram:
Green Spirit RX (Puerto Rico) https://www.instagram.com/greenspiritrx/
Spirulinex https://www.instagram.com/spirulinex/
Sunset Connect https://www.instagram.com/explore/tags/sunsetconnect/
Green Spirit Essentials https://www.instagram.com/explore/tags/greenspiritessentials/
The Green Room https://www.instagram.com/explore/locations/504270803090625/the-green-room/
Follow us on Facebook:
Green Spirit RX (Puerto Rico) https://www.facebook.com/GreenSpiritRx/
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
paul@pgprmedia.com
678-807-7945
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fdea3a44-28f4-4ef8-9b9e-ae938d4bcf92
