Green Spirit Industries Inc. Signs Lease and Submits Application for New Medical Cannabis Dispensary in Puerto Rico

August 23, 2017 07:05 ET | Source:  Green Spirit Industries, Inc. : Globenewswire

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Once Completed and Fully Licensed, Isla Verde District of Carolina Will Be Home to Company’s New Dispensary

Isla Verde Is Popular Tourist Destination With Large Concentration of Restaurants, Hotels and Luxury Homes

 

SAN JUAN, Puerto Rico, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Green Spirit Industries Inc. (OTC Pink:GSRX) (“Green Spirit” or, the “Company”) through its wholly-owned subsidiary, Project 1493, LLC, signed a lease and submitted its application for what is intended to become the location for the Company’s fifth medical cannabis dispensary in Puerto Rico.  The space for the new dispensary is located in the heart of Isla Verde, one of Puerto Rico’s main tourist destinations and home to some of the island’s most exclusive homesites, as well as luxury hotels, casinos, restaurants and popular discotèques.  As previously announced, (News: Green Spirit Completes Acquisition of Four Pre-Qualified Medical Marijuana Dispensary Applications) the Company has already received pre-qualification for a medical cannabis dispensary license at each of its four locations in Puerto Rico.  Once construction at each location is completed and passes inspection by the Department of Health of Puerto Rico, the requisite operating permit is issued.

As deomonstrated from the tremendous amount we have accomplished in just two months, we at Green Spirit intend to become the premier purveyor of medical cannabis, in all its many forms, to the Puerto Rican people,” said Les Ball, CEO of Green Spirit Industries Inc.  “With our first location already under construction, we hope to be fully operational and serving the public within the next 60 days.

Green Spirit anticipates receiving pre-qualification for a dispensary license at its new Isla Verde location during the fourth quarter of this year.

About Green Spirit Industries Inc.
Green Spirit Industries Inc. (OTC Pink:GSRX), together with its wholly-owned subsidiary, Project 1493, LLC, is in the business of acquiring, developing and operating medical cannabis dispensaries.

Forward-Looking Statements

This press release contains forward-looking statements. Such statements include statements regarding our expectations, hopes, beliefs or intentions regarding the future, including but not limited to statements regarding our market, strategy, competition, development plans (including acquisitions and expansion), financing, revenues, operations, and compliance with applicable laws. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause actual results to differ materially from such forward-looking statements include the risks described in greater detail in the following paragraphs. All forward-looking statements in this document are made as of the date hereof, based on information available to us as of the date hereof, and we assume no obligation to update any forward-looking statement except where applicable law requires us to update these statements. Market data used throughout this prospectus is based on published third party reports or the good faith estimates of management, which estimates are based upon their review of internal surveys, independent industry publications and other publicly available information.

Contact:         
                        
Paul Gendreau
PGPR
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