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Green Spirit stockholders to sell common shares

Puerto Rico-based Green Spirit Industries Inc. said in a Jan. 31 SEC filing that a number of its stockholders are offering for resale up to 8,081,437 shares of common stock.

The common stock up for resale is priced at $5.75 per share, aggregating to a maximum price of $46,468,262.75.

The marijuana dispensary operator's common stock is quoted on the OTC Pink Tier of OTC Markets under the symbol GSRX and is subject to limited quotation.

The company said it will not receive any proceeds from the sale and will cover costs related to registration of the shares, but stockholders will pay for other expenses related to any sales.

Green Spirit also disclosed that it intends to apply for quotation on the OTCQX Marketplace and that if its common stock becomes regularly quoted on an over-the-counter market or national securities exchange, selling stockholders will be allowed to sell their shares from time to time at prevailing market prices or in privately negotiated transactions.