viewGSRX Industries Inc.

GSRX Industries bolsters executive team with new COO

The Puerto Rico-based cannabis company tapped former finance executive Andrew Alvis to fill the newly created position within GSRX

andrew alvis
Andrew Alvis is a seasoned financial executive and leader

GSRX Industries Inc (OTCMKTS:GSRX) is bolstering its leadership team with the addition of a new chief operating officer.

The Puerto Rico-based cannabis company tapped former finance executive Andrew Alvis to the role, a new position within GSRX.

Alvis joins the retailer from healthcare provider Attila Management, where he led the team’s financial operations as chief financial officer. He also honed his management skills through roles at Toyota Financial Services and digital media startup McDonald’s Channel.

READ: GSRX Industries posts record $3.5 million revenue for 2Q as it expands cannabis dispensaries

The new COO also spent 12 years at Bank of America, most recently as senior vice president, overseeing mortgage servicing operations.

“Andrew is a seasoned executive and leader, and we are pleased to bring him onboard at this time when GSRX is experiencing tremendous growth,” said GSRX CEO Les Ball.

Through a network of subsidiaries, GSRX acquires, develops and operates medical cannabis dispensaries and cannabinoid (CBD) retail stores.

Currently, GSRX operates five cannabis dispensaries in Puerto Rico under the Green Spirit RX brand name. It has also signed a long-term lease in Palm Springs for its second adult-use and medicinal cannabis dispensary in California.

Earlier this week the company provisionally posted record revenue of US$3.5 million in the second quarter. 

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: GSRX Industries Inc.

Price: 0.0742 USD

Market: OTCQB
Market Cap: $6.07 m

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