GSRX Industries Inc (GSRX)

[TallTrader]

CYVA reverse merger…

- Medical marijuana dispensaries in Puerto Rico.
- Raised $3,300,000
- CEO Leslie Ball past CEO/VP of several retail firms.
- Primarily owned by Christian Briggs via Peach Management. It holds 63% of equity and all the Preferred (51% of voting power)
- Christian Briggs is also CEO of Hard Asset Management Inc (https://bmcham.com/) and Cinsay Inc (www.cinsay.com).

Business plan relates to the acquisition, development and operation of medical marijuana dispensaries. 1493 intends to initially operate in Puerto Rico and may potentially expand into other markets located within the U.S. and U.S. territories in the future.

On March 17, 2017, the Company authorized the issuance of 1,000 units to Peach Management, LLC (“Peach”) for $1,000, used for prepaid expenses on behalf of the Company. The 1,000 shares of Series A Preferred Stock grants the holders thereof fifty-one percent (51%) voting power

Peach is beneficially owned 100% by Christian Briggs, the Company’s sole manager.

The Company issued a total of 8,461,538 Shares and 2,538,462 Warrants to purchase up to 2,538,462 shares of the Company’s common stock, for total gross proceeds of $3,300,000.

Leslie Ball serves as a member of our board of directors and is our Chief Executive Officer. Mr. Ball has served as Vice Chairman of the Board of Directors of Cinsay, Inc. since 2009. Before that, Mr. Ball was the Chief Executive Officer and president of Corral West Ranchwear. Under his guidance, the company became one of the largest retailers of western and workware and grew to 140 locations in the United States. At Montgomery Ward Corporation, Mr. Ball was President of Softgoods and Foreign Offices as well as Executive Vice President, where he headed its apparel business. His retail experience also encompasses another 22 years in various executive roles at R.H. Macy, Inc., including President of Macy’s East, President of Macy’s Wholesale, President of Macy’s South, and Chairman and Chief Executive Officer of Macy’s Midwest. Mr. Ball attended the Detroit Institute of Technology.

https://www.sec.gov/Archives/edgar/data/1381240/000149315217005425/form8-k.htm