GTEC Launches BLK MKT and Tenzo Pre-Rolls
Kelowna, BC – December 16, 2020 – GTEC Holdings Ltd. (TSXV:GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC”, the “Company” or “GTEC Cannabis Co.”) is pleased to announce the launch of pre-rolled cannabis under its BLK MKT™ and Tenzo™ brands.In December 2020 the Company commenced shipping the following pre-roll products to its customers across Canada:
- Tenzo™ half-gram pre-rolls in a 4-pack aluminum tube. The initial cultivars are Watermelon Mojito Zkittlez (ZKTLZ) and Wedding Crasher.
- BLK MKT™ one-gram pre-rolls in single-pack glass tubes. The initial cultivars are Cherry Punch, Peanut Butter MAC and Alien SinMint Cookies.
The Company is currently offering its new pre-roll products to its existing customers in British Columbia, Ontario, Manitoba, Saskatchewan and the Yukon. This includes a mix of Provincial distributors, wholesale distributors and individual retail outlets. Furthermore, the Company is continuing to explore additional sales opportunities in other Provinces.“With recent statistics showing that flower currently holds the largest segment of the cannabis market, we are extremely excited to announce the launch of our BLK MKT and Tenzo pre-rolls,” said Norton Singhavon, Founder and CEO of GTEC. “Initial demand for these products has been very strong and we are exploring opportunities to increase production accordingly.”GTEC Brands named as Finalists at 2020 AdCann Cannabis AwardsWe are excited to announce that our Brands are Top 5 finalists at the 2020 AdCann Cannabis Awards, the primary Canadian cannabis industry awards. BLK MKT is a finalist for Brand of the Year, and Marketing Campaign of the Year, while Tenzo is a finalist for Packaging Design of the Year. Our Director of Marketing, Adil Hirji is also a finalist for Marketer of the Year. Voting is open until December 31st, and votes can be made at adcann.ca.About GTEC Cannabis CoGTEC 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, which are currently not being produced by other Licensed Producers. GTEC’s recreational cannabis brands includes; BLK MKT™, Tenzo™, Cognōscente™ and Treehugger™, which retail in the Provinces of B.C., Ontario, Saskatchewan and Manitoba. The Company’s medical cannabis brand, GreenTec™, is distributed nationally to qualified patients through its medical partners; CannMart and CannaFarms.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.coFor additional information, please contact:GTEC Cannabis Co.1-800-351-6358contact@gtec.coNeither 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.