GSRX Industries Inc (PK:GSRX)
Business Focus: Pharmaceuticals
| Sector: Healthcare | Industry: Pharmaceuticals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Building No. 3, P.R. 696, Int. DORADO 00646 |
| Tel: | N/A |
| Website: | https://www.gsrxindustries.com |
| IR: | See website |
| Key People | ||
| Troy Nihart Chairman of the Board, Interim President, Chief Executive Officer | Thomas J. Gingerich Chief Financial Officer, Secretary | |
| Business Overview |
| GSRX Industries Inc, through its subsidiaries, is in the business of acquiring, developing, and operating retail cannabis dispensaries and non-tetrahydrocannabinol (THC) cannabidiol (CBD) retail stores. The Company also is in the process of expanding its business to include distribution, extraction and light manufacturing, and delivery of cannabis and cannabinoid products. It operates five cannabis dispensaries in Puerto Rico under the name Green Spirit RX and one dispensary in California under the name The Green Room. The Company also owns and operates the e-commerce site GetPureAndNatural.com, which offers a broad range of hemp extract products. |
| Financial Overview |
| For the nine months ended 30 September 2020, GSRX Industries Inc revenues decreased 10% to $8.2M. Net loss decreased 94% to $1.7M. Revenues reflect Puerto Rico segment decrease of 8% to $7.9M, Retail Sales - Total decrease of 9% to $8.2M. Lower net loss reflects Unrealized gain on investments increase from $7.2M (expense) to $26K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.43 to -$0.02. |
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