Green Spirit Industries Inc. Begins Construction on Its First of Five Medical Marijuana Dispensaries in Puerto Rico

Dispensary in Upscale Dorado Neighborhood Projected to Open October 15, Marks Company’s Official Entry into U.S. Territory’s New Medical Cannabis Industry

SAN JUAN, Puerto Rico, Aug. 15, 2017 (GLOBE NEWSWIRE) -- Green Spirit Industries Inc. (OTC Pink:GSRX) (“Green Spirit” or, the “Company”) through its wholly-owned subsidiary, Project 1493 LLC, has commenced construction on the first of four locations in Puerto Rico for which the Company has acquired  pre-qualified medical marijuana dispensary license.  The Company anticipates construction to be completed at its Dorado location, on Puerto Rico’s northern coast, by October 15, 2017.  The opening of its first dispensary will mark Green Spirit’s official entry into the U.S. territory’s newly legalized (as of January 1, 2017) industry for medical cannabis.  Once construction at each location is completed and passes inspection by the Department of Health of Puerto Rico, the requisite operating permit is issued.

“Work is well underway on our first dispensary, and with a projected build-out of ten weeks, we are projecting opening mid-October,” said Les Ball, CEO of Green Spirit Industries Inc.  “We are wasting no time, and are working hard to bring medical marijuana to those patients in Puerto Rico who have long anticipated its legalization here.  Everything is on schedule, and we anticipate sharing news about other locations soon.”

The first of Green Spirit’s planned Puerto Rico dispensaries is currently under construction at Paseo del Plata Shopping Center, Building No. 3, P.R. 696, int. José Efrón Avenue, in Puerto Rico’s Dorado municipality.  Dorado is located approximately 15 miles west of San Juan, and is regarded as a popular tourist destination with numerous golf courses, beaches and luxury hotels, including Dorado Beach – A Ritz-Carlton Reserve, the Caribbean’s only 2017 Forbes Five-Star Hotel and Spa award winner.  Dorado is also home to upscale neighborhoods and a picturesque central square.

To date, Green Spirit has acquired pre-qualification licenses to commence construction on four of its five medical cannabis dispensary locations, and anticipates receiving its fifth pre-qualification license to its Isla Verde location during its fourth quarter.

The Company plans to open and acquire an additional fifteen (15) dispensaries over the next 12-18 months.

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.

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Contact:         
                                            
                    Paul Gendreau
                    PGPR
                    paul@pgprmedia.com
                    678-807-7945