DORADO, Puerto Rico, Oct. 16, 2018 (GLOBE NEWSWIRE) -- GSRX Industries Inc. (OTCQB: GSRX) (“GSRX” or, the “Company”), announced today that The Green Room, the Company’s medicinal and adult-use cannabis retailer in Point Arena, California has been selected as the 2018 Business Champion for the Arts by the Arts Council of Mendocino County. The Green Room commissioned muralist Nicole Ponsler to create the award-winning mural on an exterior wall of the business.
In announcing the award, Alyssum Wier, Executive Director of the Arts Council of Mendocino County, recognized The Green Room for “creating an appealing nature-themed mural, clearly visible upon entry into Point Arena from the south, that greatly enhances entry into the town.”
Each year, nominations for Arts Champion Awards are solicited from the community at large. Honorees are selected by the Arts Council of Mendocino County’s Board of Directors, and are formally recognized with a proclamation by the Mendocino County Board of Supervisors each October to coincide with National Arts and Humanities Month, a coast-to-coast celebration of culture in America.
GSRX acquired The Green Room in April of this year, and posted record sales for the first full quarter following the acquisition. Average daily sales at the dispensary during the second quarter increased 161%, as compared to average daily sales during the first quarter, and increased 60%, as compared to average daily sales during the second quarter of 2017. GSRX believes these increases were due to not only to the legalization of adult-use recreational cannabis sales beginning on January 1, but also to the Company’s increase in inventory, expansion of product selection, and an increase in local and regional advertising.
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 is in the process of expanding its business to include the cultivation, extraction, manufacture and delivery of cannabis and cannabinoid products. Currently, GSRX operates five cannabis dispensaries in California and Puerto Rico, and has five additional pre-qualified locations in Puerto Rico, all of which are in various phases of development and construction.
Websites:
Green Spirit RX https://www.greenspiritrx.com/
Spirulinex https://www.spirulinex.com
Sunset Connect https://www.sunsetconnect.co
Instagram:
Spirulinex https://www.instagram.com/spirulinex/
Sunset Connect https://www.instagram.com/sunsetconnect/
The Green Room https://www.instagram.com/greenroommendo/
Facebook:
Green Spirit RX (Puerto Rico) https://www.facebook.com/Green-Spirit-Rx-746194692378429/
Spirulinex https://www.facebook.com/spirulinex/
The Green Room https://www.facebook.com/greenroommendo/
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
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8a6a0967-57a7-4240-872c-73a295e03bc9