GSRX Industries Inc. Requests Final Inspection for 6th Medicinal Cannabis Dispensary in Puerto Rico
DORADO, Puerto Rico, March 07, 2019 (GLOBE NEWSWIRE) -- GSRX Industries Inc. (OTCQB: GSRX) (“GSRX” or the “Company”) announced today that, through its wholly-owned subsidiary, Project 1493 LLC, the Company has obtained a Permit of Use, and has requested final inspection, for its sixth Green Spirit RX medicinal cannabis dispensary in Puerto Rico. Located in the Isla Verde District of Carolina, this is the newest Green Spirit RX dispensary in Puerto Rico. Operations at the Isla Verde location will commence following the final inspection and receipt of the requisite operating permit from the Department of Health of Puerto Rico.
Currently, there are five Green Spirit RX medicinal cannabis dispensaries open in Puerto Rico, with locations in Dorado, Carolina, Fajardo, Andalucia and San Juan’s Hato Rey neighborhood. The Company has additional locations currently under development/construction in Guaynabo, Bayamón and Old San Juan.
Green Spirit’s newest Green Spirit RX dispensary is located at 1060 Av. Isla Verde, Carolina, Puerto Rico 00913. Isla Verde is one of the most popular beach vacation destinations 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 by USA Travel readers in 2016. Isla Verde is located within minutes of San Juan’s Luis Muñoz Marin International Airport and boasts an active nightlife scene, offering casinos, dance clubs and elegant lounges.
Like the Company’s other locations throughout Puerto Rico, GSRX’s Isla Verde dispensary will offer patients an extensive selection of medicinal cannabis. Importantly, the island's cannabis law includes a reciprocity policy that allows dispensaries to serve patients who are visiting for business or pleasure and who hold a medical cannabis card from their home state.
GSRX recently announced that it has adjusted its 1st quarter guidance upwards, citing stronger than anticipated sales across the Company’s dispensaries (GSRX Raises First Quarter Guidance).
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. 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 pharmaceutical-grade CBD products.
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