Green Spirit Industries Inc (OTCMKTS: GSRX) made a big announcement this morning. The company announced that it has begun construction on a new medical marijuana dispensary in Puerto Rico. Here’s what we saw from the press release…
GSRX Announces Commencement Of Construction On 3rd Dispensary
As mentioned above, Green Spirit Industries issued a press release this morning informing investors that it has commenced construction on its third medical marijuana dispensary. This project, being operated through the company’s wholly-owned subsidiary Project 1493 LLC, is the third of five planned dispensary construction projects the company is working on.
The new dispensary will be centrally-located in the Puerto Nuevo neghborhood in San Juan. The location is one of four locations for which GSRX has received pre-qualification for a dispensary license from the Department of Health of Puerto Rico. It is expected that the construction of this facility will be completed by the end of the year. In a statement, Les Ball, CEO at GSRX, had the following to offer:
“The fourth quarter of 2017 is looking to be momentous for Green Spirit, with three dispensaries currently under construction and projected to open before the end of the year… With our plans for additional locations well underway, we intend to quickly establish Green Spirit as the preferred dispensary for medical cannabis patients throughout the island. Our locations will be clean, safe and reputable dispensaries to serve Puerto Rico’s patients, as well as tourists/visitors to the island who have been issued medical cannabis recommendations within their home state, with the high-quality medical cannabis products they seek.”
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on GSRX. In particular, we’re interested in following the company through its plans to construct 5 medical cannabis dispensaries on the island of Puerto Rico, and the opening and operation of these facilities. We’ll continue to follow the story closely and bring the news to you as it breaks!
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