DORADO, PUERTO RICO / ACCESSWIRE / October 24, 2019 / GSRX Industries Inc. (OTCQB:GSRX) ("GSRX" or, the "Company") announces that, alongside several other companies operating in Puerto Rico, certain of the cannabis licenses ("Licenses") held by its subsidiary, Project 1493 LLC, are currently subject to an administrative review ("Review") being undertaken by the Puerto Rico Department of Health. The Company expects this review to be concluded promptly, and notes that its permitted activities under the License are limited until the Review has concluded.
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 also is in the process of expanding its business to include distribution, extraction and light 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 premium hemp extract products.
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, anticipated 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.
SOURCE: GSRX Industries Inc.