SAN JUAN, Puerto Rico, June 20, 2017 (GLOBE NEWSWIRE) -- Effective June 6, 2017, Cyberspace Vita, Inc. changed its name to Green Spirit Industries Inc. (“Green Spirit” or, the “Company”), and its common stock began trading under the ticker symbol “GSRX” .
The name and symbol change were done to better reflect the nature of Green Spirit’s business operations following completion of a share exchange with Project 1493, LLC, a limited liability company organized under the laws of the Commonwealth of Puerto Rico (“Project 1493”) on May 11, 2017, whereby Project 1493 became a wholly-owned subsidiary of Green Spirit (the “Share Exchange”).
Green Spirit is in the business of acquiring, developing and operating medical marijuana dispensaries in Puerto Rico. The Company is in the process of acquiring five (5) pre-approved medical marijuana dispensaries located in Puerto Rico. These dispensaries are located in the following Puerto Rican cities: (1) Fajardo, which is a hub for boating and fishing and a launching port for nearby islands Vieques, Culebra, the U.S. Virgin Islands and the British Virgin Islands; (2) Carolina, a tourist center near Puerto Rico's international airport and home to top luxury hotels and casinos; (3) Dorado, an affluent residential area approximately 15 miles west of San Juan; (4) Miramar, an elegant and upscale neighborhood in the district of Santurce, San Juan; and (5) San Juan, the capital and largest city in Puerto Rico, and a major cruise destination port.
The Company plans to acquire up to fifteen (15) additional dispensaries over the next 12 to 18 months.
Simultaneously with the Share Exchange, Green Spirit conducted a private placement offering with selected accredited investors (the “Offering”) whereby Green Spirit issued to the investors 8,461,538 shares of common stock, par value $0.001 per share, and three-year warrants to purchase up to 2,538,462 shares of common stock at an exercise price of $0.50 for total gross proceeds of $3,300,000.
About Green Spirit Industries Inc.
Green Spirit Industries Inc. (OTCPink:GSRX), together with its wholly-owned subsidiary, Project 1493, LLC, is in the business of acquiring, developing and operating medical marijuana 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 paul@pgprmedia.com 678-807-7945
