Initially, the company set out to seize the opportunity in Puerto Rico’s medicinal cannabis industry brought about by legalization at the outset of 2017. The goal for GSRX's first year of operations was to open four medicinal cannabis dispensaries within the United States territory. Puerto Rico offered a very unique opportunity, as so many of the residents and tourists are in close proximity, in and around the capital of San Juan. The company had already looked to expand beyond Puerto Rico as it was finishing its roll out of the first four dispensaries there. However, when progress was slowed in Puerto Rico by two Category 5 hurricanes, Irma and Maria, the company accelerated its expansion plans in additional U.S. locations, most notably, California.
GSRX embarked on a plan of complete vertical integration aimed at ensuring the company’s success with interests in every sector of the cannabis industry, from cultivation, harvesting and sale of flower, through extraction and product manufacturing, all the way through to serving consumers directly through dispensaries and delivery. With adult-use now legal in California, the company is positioning itself to reap the benefits of what has been predicted to be a $6.6 billion (annually) market there.
www.greenspiritrx.com
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