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