Green Spirit Mendocino LLC Receives Provisional California Retail License for Adult-Use and Medicinal Cannabis Products
Green Spirit Mendocino LLC is Wholly Owned Subsidiary of GSRX Industries Inc. and Operates as The Green Room
DORADO, Puerto Rico, April 03, 2019 (GLOBE NEWSWIRE) -- GSRX Industries Inc. (OTCQB: GSRX) ("GSRX" or, the "Company") announced today that its wholly owned subsidiary, Green Spirit Mendocino LLC ("Green Spirit Mendocino"), has received their Provisional Adult-Use and Medicinal Retailer License from the California Bureau of Cannabis Control last Friday, March 29th. Green Spirit Mendocino LLC owns and operates The Green Room, an Adult-Use and Medicinal Retail Cannabis Dispensary in Point Arena.
Receipt of the Provisional License ensures ongoing operations at The Green Room, which has experienced a substantial rise in sales since its purchase by GSRX in April of 2018. The Company has completed its submission for the state retail storefront annual license which is now under final review. GSRX expects to receive the annual license within weeks.
GSRX recently announced that it has adjusted its 1st quarter guidance upwards, citing stronger than anticipated sales across the Company's dispensaries (GSRX Raises First Quarter Guidance).
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 is also in the process of expanding its business to include distribution, lite 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 pharmaceutical grade CBD products.
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