Construction on Green Spirit Medical Cannabis Disp
Post# of 301275
Construction on Dispensar ies in Dorado, Carolina and San Juan Again Underway; Projected Fourth Quarter 2017 Openings Remain On Schedule
Company Planning Additi onal Locations for Early 2018
SAN JUAN, Puerto Rico, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Green Spirit Industries Inc. (OTC Pink:GSRX) (“Green Spirit” or, the “Company”) through its wholly-owned subsidiary, Project 1493, LLC, announced today that following the devastation wrought by Hurricane Maria on Puerto Rico, construction on three of its planned medical cannabis dispensary locations there has recommenced, and the Company’s locations in Dorado, Carolina and San Juan are anticipated to open on schedule, during the fourth quarter of 2017.
“We cannot praise Puerto Rican government officials highly enough for all they are doing to get the island back up and running at full capacity,” said Les Ball, CEO of Green Spirit. “From Governor Ricardo A. Rosselló, to mayors of municipalities throughout the island, we are seeing everyone pull together in a concerted effort to get food, water and medical supplies to those who need them, and to get the island’s power grid back online and working. With news reports yesterday indicating a massive surge in aid to Puerto Rico, we feel certain that better days are ahead.”
As previously announced, Green Spirit has begun construction on three of its five planned medical cannabis dispensaries in Puerto Rico ( Construction Begins in Dorado ) ( Construction Begins in Carolina ) ( Construction Begins in San Juan ). Once construction at each location is completed and passes inspection by the Department of Health of Puerto Rico, it is anticipated that the requisite operating permit will be issued.
“The Puerto Rican people are resilient and are working to rebuild this beautiful place from the ground up, and we are here building alongside them, remaining united,” Ball continued. “Not only are we proceeding with construction on our three previously announced proposed Puerto Rico locations, Green Spirit is now actively seeking out additional dispensary locations, and we hope to announce applications for those in due time. Following Hurricane Maria, the Departamento de Salud de Puerto Rico has issued an emergency order allowing authorized medical cannabis patients to obtain treatment at other dispensaries that are in operation, which means that at least for now, registered patients can procure medical cannabis from any/all of the island’s licensed dispensaries, and we are doing everything possible to make medicinal marijuana available to patients who need it.”
Green Spirit’s decision to expand the Company’s dispensaries in Puerto Rico in early 2018 is in response to what the Company believes is a growing demand for medical cannabis there. Despite the territory’s much-publicized outstanding debt, Puerto Rico’s Gross Domestic Product has grown steadily over the past ten years, to more than $103 billion in 2015; and the Puerto Rico Tourism Company reported more than 10 million visitors to the island in 2016.
“All eyes are on Puerto Rico right now,” said Ball. “This beautiful U.S. Caribbean island and its wonderful people will come back stronger than ever, and Green Spirit intends to be part of its resurgence.”
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 paul@pgprmedia.com 678-807-7945
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