GSRX - GSRX Industries sells Puerto Rico operations & assets

Project 1493, a wholly-owned subsidiary of GSRX Industries (GSRX) sold all of its Puerto Rican cannabis assets, and assigned all related liabilities, licenses and permits, to Puerto Rico Industrial Commercial Holdings Biotech, Corp. in exchange for total aggregate consideration of ~$4.64M.Amount comprises of immediate net cash proceeds to GSRX of ~$2.24M and monthly payments to be received in the amount of $100,000 over a period of 24 months.Puerto Rico Department of Health has approved these transactions.Press Release

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GSRX Industries sells Puerto Rico operations & assets