www.greenspiritrx.com
Like its cultivation, extraction and manufacturing operations in California, GSRX is pursuing similar operations in Puerto Rico. Should the U.S. territory legalize cannabis for adult-use, as industry experts have speculated it will, the company would be in a prime position for tremendous success in a market that would likely see its consumer base expand exponentially.
To date, GSRX has raised more than $12 million, for acquisitions and general corporate purposes. The company recently posted financial results for second quarter of 2018, the first full quarter for which GSRX had dispensaries operating. Only two dispensaries were operating for the full quarter, with two more opening near the end of the quarter, yet the company posted revenue of $353,430. The company also posted a significant improvement its net loss in the second quarter, posting a loss of only $0.03 for the period compared to a loss of $0.20 in the second quarter of 2017, an improvement of 85%.
With the addition of newly acquired dispensaries and, most significantly, the anticipated full launch of operations at Sunset Connect, Green Spirit Essentials, and Spirulinex in the third quarter, GSRX anticipates revenue growth in third and fourth quarters and expects to reach profitability by year end.
The following pages feature our latest Investor Presentation.
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