Business
Point Arena Manufacturing, LLC Receives Coastal Development Commission Approval for Commercial Cannabis Manufacturing
Point Arena Manufacturing, LLC Receives Coastal Development Commission Approval for Commercial Cannabis Manufacturing.
About this update from Gsrx Industries Inc
[{"type":"text","content":"\nDORADO, Puerto Rico, June 20, 2019 (GLOBE NEWSWIRE) -- GSRX Industries Inc. (OTCQB: GSRX) (“GSRX” or, the “Company”) announced today that its wholly owned subsidiary, Point Arena Manufacturing, LLC (“Point Arena Manufacturing”) has received formal approval from Mendocino County’s Coastal Development Commission to conduct commercial cannabis manufacturing activities in Point Arena, CA, clearing the way for the Company to complete construction of its manufacturing facility there and to begin operations following final inspection.   In April, Point Arena Manufacturing, LLC received its Temporary Manufacturing License for Adult and Medicinal Cannabis Products from the California Department of Public Health Manufactured Cannabis Safety Branch.\n Receipt of approval from the Coastal Development Commission is an important step towards the commencement of operations at the Company’s new adult and medicinal cannabis products manufacturing business in Point Arena, CA.  The Type 6 license allows the Company to engage in extraction using a mechanical method or non-volatile solvent (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter), for infusions and for packaging and labeling. Fueled by the tremendous growth in vaping, Point Arena Manufacturing will engage primarily in the manufacture of cannabis concentrate products related to vape cartridge filling and fulfillment.  According to cannabis investment and market research firm Arcview vape cartridges, a once-overlooked product category with sales of less than $100 million in 2014, boasted sales of $2.9 billion in 2018, with sales estimated to reach $8.4 billion in 2022, nearly matching estimated flower sales of $8.5 billion. The Company has signed a long-term lease for a building in Point Arena which will serve as Point Arena Manufacturing, LLC headquarters.  Operations will commence at the location upon final facility buildout. About GSRX Industries Inc.                                                          &...