GSRX Industries Inc. Announces Pre-Qualification of Cannabis Transportation License in Puerto Rico
DORADO, Puerto Rico, Aug. 03, 2018 (GLOBE NEWSWIRE) -- GSRX Industries Inc. (OTCQB: GSRX) (“GSRX” or, the “Company”), through its wholly-owned subsidiary, Project 1493 LLC, announced today that it has received pre-qualification and preliminary approval for a medicinal cannabis transportation license in Puerto Rico. This is in addition to the eight dispensary pre-qualifications it has received to date, as well as pre-qualification for a medicinal cannabis manufacturing license recently received. Of its pre-qualified dispensary locations, Green Spirit RX dispensaries are currently operating in Dorado, Carolina, and San Juan (Hato Rey), with five locations in various stages of development and construction in Fajardo, Isla Verde, San Juan (Andalucia), Bayamón, and Old San Juan.
The pre-qualified transportation license allows GSRX to transport and deliver cannabis between authorized dispensaries and patients’ homes in Puerto Rico. Start of medicinal cannabis delivery by GSRX in Puerto Rico is dependent upon numerous factors, and will begin only after the pre-qualified business undergoes requisite inspections and is issued all requisite permits and licensing from the Puerto Rico Department of Health.
Importantly, Puerto Rico’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 recently announced financial results for second quarter 2018, which cited record revenue for the Company ( GXRS Second Quarter Financial Results ).
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.
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Contact: Paul GendreauPGPR firstname.lastname@example.org 678-807-7945