GSRX Industries Inc. Requests Final Inspection of New Medicinal Cannabis Dispensary in Fajardo, Puerto Rico
DORADO, Puerto Rico, Oct. 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 requested final inspection of its pre-qualified medicinal cannabis dispensary located in Fajardo, Puerto Rico. Once the dispensary passes inspection and the Department of Health of Puerto Rico issues the requisite Occupational License for Establishment, the Company will be ready to begin operations in Fajardo.
The newest Green Spirit RX medicinal cannabis dispensary is located at Bo. Quebrada de Fajardo, Carr. #3 Km. 44.9. At nearly 5,000 square feet, GSRX’s Fajardo medicinal cannabis dispensary will be one of the island’s largest.
An ocean side community, Fajardo is home to the largest marina in the Caribbean, Puerto del Rey, which is a hub for the majority of Puerto Rico’s recreational boating, and a popular launching port for nearby Vieques, Culebra, and the U.S. and British Virgin Islands. Fajardo is popular among tourists, and its beaches are bounded by calm, clear waters ideal for snorkeling. It is also home to one of the few bioluminescent lagoons in the world, with nightly kayak trips offered by local companies who give educational tours. Fajardo is also home to the Waldorf Astoria’s world-class spa and resort, the El Conquistador.
GSRX currently operates four other Green Spirit RX dispensaries in Puerto Rico, with locations in Dorado, Carolina, and two in San Juan. The Company has pre-qualified licenses for four additional locations in Isla Verde, Bayamón, Old San Juan, and Guaynabo. GSRX holds pre-qualified licenses in Puerto Rico for cannabis manufacturing and transportation, which allows for at-home patient delivery. The Company is also currently in the process of acquiring Dispensario 420 medicinal cannabis dispensary in Caguas. Once the acquisition has been completed, the Company plans to rebrand the dispensary. There can be no assurance that this acquisition will be completed.
As previously announced ( GSRX Sets Date to Announce Results ), the Company will report third quarter 2018 financial and operating results on October 18, 2018.
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. Currently, GSRX operates five cannabis dispensaries in California and Puerto Rico, and has five additional pre-qualified locations in Puerto Rico, all of which are in various phases of development and construction.
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