Business
GSRX Industries Anticipates Strong 2nd Quarter Sales at Its Six Dispensaries in Puerto Rico and California
GSRX Industries Anticipates Strong 2nd Quarter Sales at Its Six Dispensaries in Puerto Rico and California.
About this update from Gsrx Industries Inc
[{"type":"text","content":"\nDORADO, Puerto Rico, April 23, 2019 (GLOBE NEWSWIRE) -- Today, GSRX Industries Inc. (OTCQB: GSRX) (“GSRX” or the “Company”) provided guidance that the Company’s 2nd quarter sales have been stronger than projected at its five owned-and-operated Green Spirit RX medicinal cannabis dispensaries in Puerto Rico and at its owned-and-operated Green Room dispensary in Point Arena, California.  Additionally, sales have been robust for the Company’s Pure and Natural brand, non-THC CBD products, available online at GetPureAndNatural.com and at the Company’s Pure and Natural retail location in Tennessee.\n GSRX’s average daily sales for the first three weeks of the 2nd quarter are approximately 27% higher than its average daily sales in the 1st quarter.  Given such strong sales, management anticipates revenues of approximately $3.3 – $3.5 million for the 2nd quarter 2019. “We continue to see strong demand across all of our U.S. operations and look forward to another quarter of record sales,” said GSRX Chief Executive Officer, Les Ball. The Company recently announced financial results for the 4th quarter of 2018 and its full year 2018 results, reporting record revenues of $1.66 million for the quarter – an increase of 135% over the prior quarter.  Additionally, the Company recently announced record 1st quarter revenues of $2.9 million (unaudited), with a rise in gross profit to 51.76%. 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 non-THC CBD retail stores.  GSRX also is in the process of expanding its business to include distribution, extraction and light manufacturing, 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 premium hemp extract products. Forward-Looking StatementsThis press relea...