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DORADO, Puerto Rico, May 14, 2019 (GLOBE NEWSWIRE) -- GSRX Industries Inc. (OTCQB: GSRX) (“GSRX” or the “Company”) Executive Chairman Christian Briggs will present to an investor audience at the cannabis industry’s highly anticipated CannaStocks 2019 Q1 Investor Conference on Wednesday, May 15 in New York. GSRX is one of the largest medicinal cannabis dispensary operators in the U.S. Commonwealth of Puerto Rico, and also operates adult use and medical dispensaries in California. In addition, the Company’s majority-owned subsidiary Spirulinex has approximately 40 patents pending for water soluble cannabis formulizations.
The conference will take place at the OTC Markets Group offices in New York and will feature company presentations and discussions regarding current market trends from OTC Markets QX and QB tier Issuers. Mr. Briggs is scheduled to present at 4:45 pm, followed by a Q & A with conference attendees. Importantly, the presentation and Q & A will be lived-streamed worldwide in partnership with Midtown Partners & Co, LLC. Pre-registration for the live-stream video webcast is available at CANNASTOCKS 2019 Q1 CONFERENCE. The video webcast will also be archived for later viewing. There is no charge for access to the webcast.
At tomorrow’s conference, GSRX’s Briggs and other participants will provide insight on important themes of particular interest to investors, including: innovation, consolidation, international expansion and specialization.
GSRX recently announced financial results for the 4th quarter of 2018 and its full year 2018 results, reporting record revenues of $1.66 million for the quarter – an increase of 135% over the prior quarter. Additionally, the Company recently announced record 1st quarter revenues of $2.9 million (unaudited), with a rise in gross profit to 51.76%.
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.
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.