CANNAINVESTOR Magazine U.S. Publicly Traded September 2018 | Page 76

GSRX acquired majority stakes in three California companies in early 2018 that are moving forward with full-scale operations. Sunset Connect Oakland, LLC subleases 25,000 square feet of indoor cultivation space at one of Oakland’s premier cannacomplexes. Sunset Connect is an established San Francisco-centric cannabis brand respected amongst industry peers, whose top-shelf indoor flowers are popular with regional retailers. In addition to distributing to retail dispensaries, Sunset Connect plans to also supply raw materials to sister companies, Green Spirit Essentials, LLC and Spirulinex, LLC, for extraction and processing of concentrates using non-volatile methods. These extractions are then processed for the formulation of a variety of consumer products.

Spirulinex places a high priority on its intellectual property – it has a robust patent portfolio, and continues to aggressively pursue protection for its innovations, which include novel methods, processes, formulations, and products. Spirulinex aims to offer products in which cannabinoids are scientifically dosed for consistency and quality assurance. Its flagship product is Dragonglass Flake and Bake™, the patent pending formula for which contains zero fat, zero alcohols and zero calories and it is gluten-free and vegan, made with organic spirulina.

While continuing to build its cultivation, extraction and manufacturing businesses, GSRX plans to add to its portfolio of dispensary operations. In California, the company is in the process of identifying locations to both build new dispensaries and to acquire operating dispensaries.

GSRX Industries Inc. | OTCQB: GSRX

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