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Green Spirit RX Opens Two New Dispensaries in Puerto Rico

June 11, 2018

 

DORADO, Puerto Rico, June 11, 2018 -- /D.M.O. Newswire/ --  Green Spirit Industries Inc. (OTC:GSRX) (“Green Spirit” or, the “Company”) announced today that the Company has officially opened two new medicinal cannabis dispensaries in Puerto Rico, bringing the total number of dispensaries the Company operates to four.  The new Green Spirit RX medicinal cannabis dispensaries are located in Carolina, just east of San Juan on Puerto Rico’s northern coast, and in the Hato Rey district of San Juan. The Company commenced operations of its first Green Spirit RX medicinal cannabis dispensary in Dorado, Puerto Rico  in April.  The Company also owns The Green Room, a cannabis dispensary located in Point Arena, California.

 

“With four cannabis dispensaries now open in California and Puerto Rico, and four more wholly acquired dispensaries slated to open in the coming months, Green Spirit has established its presence in the fast-growing cannabis industry within the Company’s first year of operations,” said Les Ball, Green Spirit CEO.  “In addition, our cultivation and extractions businesses in California, along with our cannabinoid manufacturing and research company, Spirulinex, are now launched and operational.”

 

The new Green Spirit RX medicinal cannabis dispensary in Carolina is located at 65th Infantry Avenue, Km 11.00, marginal 3, Lomas de Carolina, Puerto Rico, 00987. Located on the northeast coast of Puerto Rico, Carolina is  the fourth largest city in Puerto Rico.  Home to Puerto Rico’s main airport, the Luis Muñoz Marin International Airport, Carolina is one of Puerto Rico’s most important tourist centers.

 

The new Green Spirit RX medicinal cannabis dispensary in San Juan (Hato Rey) is located at Calle César González #508, Hato Rey, Puerto Rico 00918, a heavily trafficked area that is in close proximity to a large concentration of medical facilities, most notably Clinica las Americas Medical Center and El Maestro Hospital.  Hato Rey is San Juan’s most densely populated district. 

The Company anticipates completing construction at its other locations in Puerto Rico during 2018, with operations commencing thereafter upon receipt of the requisite operating permits from the Department of Health of Puerto Rico.

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. (OTC Pink: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.

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