In the news.
GTEC Announces Q2 Fiscal Results
KELOWNA, BC – July 30, 2019 – GTEC Holdings Ltd. (TSX-V:GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC” or the “Company”) is pleased to report its financial results for the second quarter, period ended May 31, 2019: Key Financial Highlights: Alberta Craft Cannabis (“ACC”) sold 18,569 grams of cannabis at an average price of $5.85 per gram for total revenue of $108,000; Gross margin increased to $75,000 before fair value...
GTEC Subsidiary Granted Processing and Medical Sales Licences by Health Canada
KELOWNA, BC – July 29, 2019 – GTEC Holdings Ltd., a vertically integrated ultra-premium cannabis producer, is pleased to announce that its wholly-owned subsidiary, Alberta Craft Cannabis Inc. (“ACC”), has received both a Standard Processing and a Sale for Medical Purposes licences from Health Canada. These licenses are in addition to the Standard Cultivation licence ACC...
GTEC Announces Voting Results of Annual and Special Meeting of Shareholders
KELOWNA, BC – July 15, 2019 – GTEC Holdings Ltd. is pleased to announce that it held its annual and special meeting of shareholders (the “Meeting”) on Friday, July 12, 2019, at which all director nominees were unanimously elected as directors of the Company and all other resolutions were passed as set out below. 42,220,329 shares were represented at the meeting, all voted...
GTEC Provides Shareholder Update on Health Canada Changes to Cannabis Licensing
KELOWNA, BC – May 9, 2019 – GTEC Holdings Ltd. (TSX-V:GTEC) (OTC:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) is pleased to provide management commentary and shareholder updates on the recently announced Statement from Health Canada regarding changes to cannabis licensing. Background: On May 8, 2019, Health Canada announced certain changes to align the approach...
GTEC Provides Retail Initiatives Update
KELOWNA, BC – May 7, 2019 – GTEC Holdings Ltd. (TSX-V:GTEC) (OTC:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) is pleased to announce that it has completed the previously announced acquisition (the “Acquisition”) of 1203648 B.C. Ltd. (“RetailCo”) for an aggregate purchase price of $2,113,000 (the “Purchase Price”). RetailCo is in the process of obtaining municipal and provincial approvals (collectively, the “Approvals”) to operate a non-medical...
GTEC Announces Increasing Demand for its Premium Cannabis and Provides 2019 Sales Projections
KELOWNA, BC – April 24, 2019 – GTEC Holdings Ltd. (TSX-V:GTEC) (OTC:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) is pleased to announce that it has been receiving significant demand for its premium cannabis, and provides insight into its current sales initiatives and projections. Summary of sales: $5.86 average selling price of flower shipped in bulk to wholesale buyers, Products are re-packaged...