GSRX Industries Inc. to Report Record Revenues of $3.5 Million for 2nd Quarter 2019
The Dank Investor Posted On July 16, 2019 
GSRX Industries Inc (OTCQB:GSRX) announced today that it posted record revenue of $3.5 million in the second quarter of 2019, besting 1st quarter revenues by approximately 19%.
GSRX Industries Inc. is a Dorado, Puerto Rico-based medical cannabis company that through its subsidiaries, is in the business of acquiring, developing, and operating retail cannabis dispensaries and non-THC CBD retail stores.
Les Ball, GSRX CEO says “We continue to see strong growth across the board in GSRX’s operations.”
GSRX also is in the process of expanding its business to include distribution, extraction and light manufacturing, and delivery of cannabis and cannabinoid products.
Currently, GSRX operates five cannabis dispensaries in Puerto Rico under the name Green Spirit RX, one dispensary in California under the name The Green Room, and has five additional pre-qualified locations in Puerto Rico, all of which are in various phases of development and construction.
GSRX also owns and operates the e-commerce site GetPureAndNatural.com, which offers a broad range of premium hemp extract products.
Initial (unaudited) results for 2nd quarter indicate that GSRX will post total revenues of approximately $3.5 million, which represents the high end of previously published guidance. The gross profit number of $1.67 million also sets a record, demonstrating an increase of approximately 11% over first quarter gross profit. Audited results for 2nd quarter will be announced in August.
