Chemesis International Inc. announced that it is continuing to proceed toward completing the previously announced transaction to purchase a majority stake in GSRX Industries Inc., with an anticipated closing date of August 31, 2019. GSRX currently operates five dispensaries in Puerto Rico and has plans to open five additional dispensaries on the island. The company also operates one retail CBD kiosk in Clarksville, Tennessee with a retail store
front expected to open up in Nashville, Tennessee as well as Lakeway, Texas. GSRX also holds a fully licensed distribution centre and a boutique dispensary in Point Arena, California. In addition, GSRX expects to open a dispensary in Palm Springs, California by calendar first quarter 2020. In addition, Chemesis' California extraction facilities are seeing an increase in trim being processed month over month. The company also continues to manufacture finished products for its in-house and partner brands. The team is working on expanding its manufacturing capabilities to increase product offerings while expanding its relationship with Happy Tea and Jay & Silent Bob to add additional SKU's.