Green Spirit Industries (GSRX) Stock: Construction Remains On Track


Green Spirit Industries Inc (OTCMKTS: GSRX) made a key announcement yesterday surrounding their plans of constructing 5 medical marijuana dispensaries in Puerto Rico. In the update, the company informed investors that current construction projects surrounding these goals remain on track. Here’s what we saw…

GSRX Announces That Construction Remains On Track

As mentioned above, Green Spirit Industries made a key announcement yesterday surrounding their goal of building 5 medical marijuana dispensaries in Puerto Rico. The announcement came through the company’s wholly-owned subsidiary known as Project 1493, LLC. According to the announcmeent construction of three of its planned medical cannabis dispensary locations in Puerto Rico remains on track following Hurricane Irma. All three of these dispensaries are still expected to open in the fourth quarter of this year. Currently, 3 of the dispensaries are under construction and GSRX plans on starting construction of the fourth dispensary in Isla Verda as well as the fifth in Fajardo in the coming weeks. In a statement, Les Ball, CEO at GSRX, had the following to offer…

We are grateful that this island and its people were spared the worst of Irma, and our prayers are with other members of our Caribbean island family who suffered tragic loss of life and monumental destruction… We remain united with our neighbors here, and are committed to bringing our products and services to those patients in Puerto Rico who are awaiting the opening of our dispensaries, as quickly as possible. Our proposed locations are undamaged, and construction has resumed.

We encourage anyone who is able to lend assistance to the people of those Carribean islands that were hit the hardest to do so. News reports are showing how Puerto Rico is welcoming evacuees from neighboring St. Thomas and St. Marteen, while private citizens here have been taking much-needed supplies by personal watercraft from Fajardo to St. Thomas, and returning with boatloads of evacuees. And Richard Branson, whose own Necker Island was left in shambles, is mobilizing to help with relief on neighboring Carribean islands. Together, we will all rebound and recover from Irma, and will emerge stronger than ever.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to watch GSRX incredibly closely. In particular, we’re interested in following the company’s work with regard to their plans of constructing the dispensaries in Puerto Rico and are excited to see the result as they come. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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