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@Louis. Kyron
Welcome to this month’s case studies. All companies referenced throughout the magazine are not intended as investment advice but rather to bring an awareness of different companies that may be invested in. Any third party images fall within fair dealing under Canadian Copyright law.
Typically I am not a fan of platforms such as bulletin boards and platforms such as SA and subreddit for anything other than laughs and giggles but as I have said there are some very good posters on these platforms. This is an excellent summary of some Canadian companies that also trade on US markets and are expected to do well in the near term. Your case study is, in part, to review that list of companies and determine for yourself if any meet your investment and risk objectives.
CASE STUDY
GSRX INDUSTRIES INC.
OTCQB: GSRX Website
GSRX was, and for good reason, our cover company last month. With less than 50M shares issued and outstanding, the low public float is attractive. The $1.90 share price is also typically out of the range of most penny flippers and stock manipulators.
On August 21st, GSRX Industries Inc. announced that it had received a Certificate of Occupancy from the Puerto Rico Office of Permit Management for its newest Green Spirit RX pre-qualified medicinal cannabis dispensary location in Puerto Rico.
The facility will be one of the largest on the Island and its proximity to several countries may open up many opportunities as the end of prohibition expands over time.
The June 2018 financials show a company with less than $250K in total liabilities and $4.1M in cash ($3.3M in escrow and tied to the above August 21st news). The company also had revenues of $353K and a healthy gross profit of $153K.