In the news.
GTEC Provides Updates on Production and Sales
KELOWNA, BC – February 12, 2020 – GTEC Holdings Ltd. (TSX-V:GTEC) (OTCQB:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”), a multi-licence producer of premium indoor cultivated cannabis, is pleased to present the following updates on production and sales: Production and Sales Update for the Fourth Quarter of fiscal 2019, unaudited ending November 30, 2019...
Thank You for a Remarkable and Transformational Year
Dear GTEC Supporters, we wanted to thank all of you for a remarkable and transformational year. 2019 has been a pivotal year in our growth strategy, which has seen GTEC evolve from a pre-revenue cannabis construction and development company to a revenue generating company, producing some of the highest quality products available in the sector...
GTEC Extends Agreement to Facilitate Acquisition of Cannabis Genetics and Provides Updates on Other Corporate Matters
KELOWNA, BC – December 24, 2019 – GTEC Holdings Ltd. is pleased to announce that it has extended and revised its agreement with an Okanagan-based cannabis consulting firm (the “Consultant”) to facilitate acquisition and cultivation of cannabis genetics (“cultivars”), via its wholly owned subsidiary, Tumbleweed Farms Corp...
GTEC Reports Third Quarter 2019 Results
KELOWNA, BC – October 9, 2019 – GTEC Holdings Ltd. announces it has reported its third quarter of fiscal 2019 results. As the Company continues its objective in developing purpose-built indoor operations to produce and distribute ultra-premium cannabis in Canada, it has remained committed to operating in a disciplined and fiscally responsible manner while delivering substantial revenue growth, combined with significant reductions in operating...
GTEC Strengthens Balance Sheet with $4 million Loan Repayment and Enters into Agreement to Divest of Cannabis Cowboy Shares
KELOWNA, BC – October 8, 2019 – GTEC Holdings Ltd. is pleased to announce that pursuant to the sale of certain assets, as previously announced on September 4, 2019 (the “Transaction”), between Cannabis Cowboy Inc (“CCI”) and Fire & Flower Inc., a wholly owned subsidiary of Fire & Flower Holdings Corp. (“FFHC”) (TSX:FAF), that...
Norton Singhavon Announces Filing of Early Warning Report for GTEC
KELOWNA, BC – September 26, 2019 – GTEC Holdings Ltd. announces that the Company’s Chief Executive Officer, Norton Singhavon has filed an early warning report (the "Report") under the Company's profile on SEDAR as summarized below. This press release is being disseminated as required by National Instrument 62-103, The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in...
GTEC Subsidiary Cannabis Cowboy Announces the Sale of Certain Assets and $4 Million Debt Repayment to GTEC
KELOWNA, BC – September 4, 2019 – GTEC Holdings Ltd. is pleased to announce that its 25% owned subsidiary, Cannabis Cowboy Inc. (“CCI”), has signed a definitive agreement to sell assets relating to 8 of its non-operational retail store locations (the “Transaction”) to Fire & Flower Inc., (“Fire & Flower”) a wholly owned subsidiary of Fire & Flower Holdings Corp. (“FFHC”) (TSX:FAF)...
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...