Business
Green Spirit Industries Inc. Provides First Annual Shareholder Update
Green Spirit Industries Inc. Provides First Annual Shareholder Update.
About this update from Gsrx Industries Inc
[{"type":"text","content":"\nDORADO, Puerto Rico, June 20, 2018 (GLOBE NEWSWIRE) -- Green Spirit Industries Inc. (OTCQB:GSRX) (“Green Spirit” or the “Company”) is providing an Update to Shareholders to advise them of the important steps and accomplishments the Company has achieved over the past year, as well as plans for the near future.\n “The goal for our first year of operation was to open four medicinal cannabis dispensaries in Puerto Rico,” said Green Spirit CEO Les Ball. “Despite having two Category 5 hurricanes which definitely slowed our initial progress there, Green Spirit now has a total of four cannabis dispensaries in operation, including one in California, with four more dispensaries in Puerto Rico slated to commence operations sometime this year.  Seizing the opportunity to participate in what is predicted to be one of the largest cannabis markets in the world, we are in the process of expanding our business to include growing/cultivation, extraction and manufacturing businesses in California.” Regarding its operations in Puerto Rico, to date, Green Spirit has: acquired a total of seven pre-qualified medicinal cannabis dispensaries in Puerto Rico, with locations in Dorado, Carolina, Fajardo, San Juan (2 locations), Bayamón and Isla Verde;commenced operations at its dispensaries located in Dorado, Carolina, and San Juan (Hato Rey);nearly completed construction on its two dispensaries located in Fajardo and San Juan (Andalucia); andbegun construction on its two dispensaries located in Isla Verde and Bayamón. During the first quarter of 2018, Green Spirit expanded its operations into the California market and: acquired an established retail storefront cannabis dispensary called “The Green Room” located in Point Arena, Mendocino County;holds a 55% majority stake in a newly established joint venture with Sunset Connect SF, Inc., in which it formed Sunset Connect Oakland, LLC, which is in the process of establishing cannabis cultivation/growing operations;holds a 55% majority stake in a newly established joint venture with Sunset Connect SF, Inc. in which it formed Green Spirit Essentials, LLC, which is in the process of establishing a cannabinoid extractions and processing business, andholds a 51% majority stake in a newly established joint venture with Solunas Aqua Corp.,...