Green Spirit Industries Inc. Begins Construction on Fourth Anticipated Medicinal Cannabis Dispensaries in Puerto Rico

SAN JUAN, Puerto Rico, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Green Spirit Industries Inc. GSRX ("Green Spirit" or the "Company") announced today that it commenced construction on its fourth of five medicinal cannabis dispensary locations in Puerto Rico.  Located in the Hato Rey district of San Juan, this is the newest location for which the Company has received pre-qualification for a dispensary license from the Department of Health or Puerto Rico.

Green Spirit's newest dispensary is located at Calle César González #508, Hato Rey, Puerto Riuco 00918. San Juan‘s Hato Rey district includes a mix of both residential and commercial properties and is the city's most densely populated district.  The medicinal cannabis dispensary is located in a heavily trafficked area and is in close proximity to a large concentration of doctors' offices and medical practices; most motably Clinica las Americas Medical Center and El Maestro Hospital.  As part of the acquisition, completed in early January, Green Spirit assumed the dispensary's building lease.

Like the Company's other locations throughout Puerto Rico, this dispensary will offer patients an extensive selection of medicinal cannabis.

To date, the Company has completed construction at one of its dispensary locations and anticipates completing construction at its remaining locations by the end of the first quarter of 2018, with operations commencing thereafter upon receipt of the requisite operating permits from the DHPR.  For more information about Green Spirit, visit the Company's website at http://www.greenspiritrx.com/.

About Green Spirit Industries Inc.

Green Spirit Industries Inc. 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