Kelowna, BC – February 2, 2021 – GTEC Holdings Ltd. (TSXV:GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC”, the “Company” or “GTEC Cannabis Co.”) is pleased to announce the launch of its GreenTec™ Medical cannabis e-commerce website (the “website”).
The launch of the website allows medical patients authorized by Health Canada to purchase cannabis products directly from GTEC. Products will be cultivated and handcrafted at GTEC’s cultivation facilities: Alberta Craft Cannabis, Grey Bruce Farms and Tumbleweed Farms. The products will be packaged to order by Alberta Craft Cannabis and sold under the flagship medical brand GreenTec™. Authorized medical patients will have access to GTEC’s product portfolio for $6 to $10 per gram. Initial product offerings (in 3.5 gram & 7 gram formats) include:
- Cherry Punch
- Watermelon Mojito Zkittlez
- Wedding Crasher
- Alien SinMint Cookies
- Peanut Butter MAC
The Company will continue to explore ways of increasing its product range through its own internal production, introducing new cultivars and larger formats. The Company would like to welcome all interested medical patients to visit the GreenTec Medical website or to contact the Medical Cannabis Manager.
“After receiving overwhelming interest and demand from medical patients who wanted to purchase our products directly, we listened,” said Norton Singhavon, Founder and CEO of GTEC Cannabis. “The GreenTec Medical platform will enable medical patients to have direct access to our high-quality handcrafted products at competitive industry prices. We would like to thank all consumers who have expressed interest in purchasing our products and trust that we will exceed your expectations.”
“It has been an exciting journey since I was brought on by the GTEC team to launch and manage the GreenTec medical platform,” said Melissa Scheuerman, Medical Cannabis Manager at GreenTec Medical / Alberta Craft Cannabis. “I look forward to working with our team to provide the highest level of product quality and support to our consumers.”
The Company expects that the launch of its GreenTec™ Medical platform will enable GTEC to capture higher gross margins by selling direct to consumers, and avoiding the high mark-ups associated with recreational supply chains. The Company believes that the business unit will complement its core business of recreational cannabis use, and provide fast and reliable access to quality handcrafted products at competitive prices to authorized patients across the country.
About GTEC Cannabis Co
GTEC Cannabis Co cultivates, markets, and distributes the high-end cannabis products that consumers desire. The Company has four operational facilities licensed by Health Canada and is currently distributing cannabis through medical and recreational sales channels.
GTEC’s quality product offering is crafted from rare and unique cultivars. GTEC’s recreational cannabis brands include BLK MKT™ , Tenzo™, Cognoscente™ and Treehugger™. The Company’s medical cannabis brand, GreenTec™, is distributed nationally to qualified patients through its GreenTec Medical website and various licensed partners.
GTEC is a publicly traded corporation, listed on the TSX Venture Exchange (GTEC), OTCQB Venture Market (GGTTF) and Frankfurt Stock Exchange (1BUP). The Company’s headquarters is located in Kelowna, B.C. and has operations in B.C., Alberta and Ontario.
To learn more about the Company or to access the most recent Corporate Presentation, please visit our website at www.gtec.co
For additional information, please contact:
GTEC Cannabis Co.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. For instance and among other things, that the Company will maintain adequate capital resources and liquidity, including but not limited to, availability of sufficient cash flow, to execute the Company’s business plan (either within the expected timeframe or at all); or assurances regarding potential effects of judicial or other proceedings on the Company’s business, financial condition, results of operations and cash flows; volatility in and/or degradation of general economic, market, industry or business conditions; compliance with applicable environmental, economic, health and safety, energy and other policies and regulations and in particular health concerns with respect to the use of cannabis; the anticipated effects of actions of third parties such as competitors, activist investors or federal, provincial, territorial or local regulatory authorities, self-regulatory organizations, plaintiffs in litigation or persons threatening litigation; changes in regulatory requirements in relation to the Company’s business and products. Accordingly, readers should not place undue reliance on forward-looking statements, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.