SAN JUAN, Puerto Rico, March 08, 2018 (GLOBE NEWSWIRE) -- Green Spirit Industries Inc. GSRX ("Green Spirit" or, the "Company") entered into an Asset Purchase Agreement, subject to certain closing conditions, for The Green Room, a retail store front cannabis operation located in Mendocino County. Green Spirit expects to commence retail and medical cannabis sales with delivery services under the name Green Spirit Mendocino, LLC, upon issuance of the requisite local permits and state cannabis retail sales licenses.
"Once completed, permitted and licensed, this acquisition will put Green Spirit into California's active retail cannabis business, a goal we have had in our sights since the launch of the company last year," said Green Spirit CEO Les Ball. "The world has watched as the cannabis business has grown tremendously in this state over the past few years, and exponentially with the legalization of cannabis for recreational use at the beginning of this year."
Additional information with respect to the transaction will be available in the Company's filings with the Securities and Exchange Commission.
About Green Spirit Industries Inc.
Green Spirit Industries Inc., together with its subsidiarieis 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,d 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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