• Home
  • News

Medical Marijuana Dispensary Business Project 1493, LLC Announces Share Exchange Agreement with Public Entity & Simultaneous $3.3 Million PIPE Financing

green spirit industries inc. logo

Press Release – June 15, 2017– New York, NY – Sichenzia Ross Ference Kesner LLP (“SRFK”) announced today that the Firm has represented Project 1493, LLC in a share exchange agreement with Green Spirit Industries Inc. (GSRX: OTC).

Project 1493’s business relates to the acquisition, development, and operation of medical marijuana dispensaries in Puerto Rico. Simultaneously with the share exchange, SRFK advised GSRX on a private offering for gross proceeds of $3.3 million consisting of 8,461,538 shares of common stock and warrants to purchase up to 2,538,462 shares of common stock at an exercise price of $0.50. The transaction closed on May 11, 2017.

The Sichenzia Ross Ference Kesner LLP team was led by Partner Darrin M. Ocasio, Counsel Cheryll Calaguio, and Associate S. Ashley Jaber.

Sichenzia Ross Ference LLP