Item 1.01 Entry into a Material Definitive Agreement.
On October 19, 2020, GSRX Industries Inc. (the "Company") announced it has sold
its 95% interest in the Green Room Palm Springs, LLC (the "Dispensary"). The
Dispensary was purchased by Seneca Capital Partners, LP for a total of
USD$400,000. The Company will also receive 3% of gross revenue for 60 months
from the date the Dispensary begins operations.
Item 7.01. Regulation FD Disclosure.
On October 19, 2020, the Corporation issued a press release announcing the sale
of its interest in the Dispensary. A copy of the press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this
Item 7.01 by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
10.1 Purchase Agreement between Seneca Capital Partners, LP and GSRX
Industries Inc.
10.2 Revenue Sharing Agreement between Green Room Palm Springs, LLC and
GSRX Industries Inc.
10.3 Security and Pledge Agreement between Green Room Palm Springs, LLC
and GSRX Industries Inc.
99.1 Press Release dated October 19, 2020
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