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GREEN SPIRIT INDUS
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Green Spirit Industries Inc. Begins Construction on Fifth Planned Medical Cannabis Dispensary in Puerto Rico

2018-02-13 09:24 ET - News Release

SAN JUAN, Puerto Rico, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Green Spirit Industries Inc. (OTC PINK:GSRX) (“Green Spirit” or, the “Company”) through its wholly-owned subsidiary, Project 1493 LLC, has announced today that it has commenced construction on its fifth planned medical cannabis dispensary location in Puerto Rico.  Situated in the Fajardo municipality at the northeast tip of the island, this location is one for which the Company has already received pre-qualification for dispensary licensing from the Department of Health of Puerto Rico (Green Spirit Completes Acquisition of Four Pre-Qualified Medical Marijuana Dispensary Applications).  The Company anticipates construction to be completed at its Fajardo location, situated at Bo. Quebrada de Fajardo, Carr. #3 Km. 44.9, by the end of March.

An ocean-side community, Fajardo is home to the largest marina in the Caribbean, Puerto del Rey, which is a hub for the majority of Puerto Rico’s recreational boating and a popular launching port for nearby islands Vieques, Culebra, and the U.S. and British Virgin Islands.  Fajardo is popular among tourists, and its beaches are bounded by calm, clear water ideal for snorkeling.  It is also home to one of the few bioluminescent lagoons in the world, with nightly kayak trips offered by local companies who give educational tours. The Waldorf Astoria operates two luxury resorts in Fajardo, Las Casitas Village and El Conquistador Resort.

Once construction is completed and the dispensary is issued the requisite occupational license by the Department of Health of Puerto Rico, Green Spirit’s Fajardo location will be set to commence operations.  At nearly 5,000 square feet, Green Spirit’s Fajardo dispensary will be one of the island’s largest.  Green Spirit presently has four other dispensary locations in various stages of completion in Puerto Rico, including two in San Juan and one each of Carolina and Dorado. 

Adding to the potential of the island territory, Green Spirit points to Puerto Rico’s medical cannabis laws, which allow visitors to the island who have been issued medical cannabis recommendations within their home state to access cannabis through the island’s licensed dispensaries.

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 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

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