Business
GSRX Industries Inc. Announces Plans to Enter CBD Retail Business With Brick-and-Mortar Stores
GSRX Industries Inc. Announces Plans to Enter CBD Retail Business With Brick-and-Mortar Stores.
About this update from Gsrx Industries Inc
[{"type":"text","content":"\nDORADO, Puerto Rico, Nov. 01, 2018 (GLOBE NEWSWIRE) -- GSRX Industries Inc. (OTCQB: GSRX) (“GSRX” or, the “Company”), announced today that, through its wholly-owned subsidiary, Pure and Natural CBDs, LLC, it intends to enter into the CBD retail market with a planned chain of GSRX-branded retail stores offering premium quality all-natural health and wellness Hemp CBD-based products.  The Company is currently in the process of identifying potential locations for its first Pure and Natural CBDs retail store in the Austin, Texas area.\n According to Hemp Business Journal, 2017 sales for the U.S. hemp industry were $820 million overall, with sales of hemp-derived CBD products contributing $190 million to that total (Hemp Business Journal).  In a study released earlier this month by MJBizDaily (MJBiz Daily Report), U.S. Hemp-driven CBD retail sales are projected to exceed $3 billion by 2022.  In an article published in Rolling Stone last month, a new estimate from cannabis industry analysts The Brightfield Group indicates the overall Hemp-CBD market could hit $22 billion by 2022 (Rolling Stone).  Through its proposed Pure and Natural CBDs stores, the Company plans to offer a broad selection of proprietary all-natural branded Pure and Natural CBDs Hemp CBD products in major product categories, including: oils; gummies; candies; edibles; sub-linguals; baked goods; topicals; pet care products; hair care; skin care; coffee and tea; vape products; bath and beauty products, and more.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 six additional pre-qualified locations in Puerto Rico, all of which are in various phases of development and construction. Websites:Green Spirit RX https://www.greenspiritrx.com/Spirulinex  https://www.spirulinex.comSunset Connect https://www.sunsetconnect.co Instagram:Spirulinex https://www.instagram.com/spirulinex/Sunset Connect https://www.instagram.com/sunsetconnect/The Green Room h...