In the news.
GTEC Enters into Agreement to Acquire Facility in Kelowna BC
KELOWNA, BC – July 22, 2019 – GTEC Holdings Ltd. is pleased to announce that GTEC and Canopy Growth Corporation entered into a purchase and sale agreement (the “PSA”) pursuant to which GTEC, subject to certain conditions set out below, will acquire the second expansion site in Kelowna, BC (the “Facility”) of Canopy Growth (the “Transaction”). Assuming completion of the Transaction and receipt of a cultivation...
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...
Health Canada Grants Cultivation License to Grey Bruce Farms, Doubling GTEC's Production Capacity
KELOWNA, BC – July 8, 2019 – GTEC Holdings Ltd. (TSX-V: GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Grey Bruce Farms (“Grey Bruce”) has been granted a Standard Cultivation License (the “License”) by Health Canada. Grey Bruce is an automated, state-of-the-art facility located in Kincardine, Ontario...
GTEC Completes Health Canada Sales License Inspection at Alberta Craft Facility
KELOWNA, BC – June 27, 2019 – GTEC Holdings Ltd. (TSXV: GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC” or the “Company”), a vertically integrated premium cannabis producer, is pleased to announce that its wholly-owned subsidiary, Alberta Craft Cannabis Inc. (“ACC”) has recently completed a Health Canada license inspection. ACC had requested and scheduled the recent inspection...
GTEC Appoints Former CEO of Shoppers Drug Mart and Former Chairman of ALDO to Board of Directors
KELOWNA, BC – June 10, 2019 – GTEC Holdings Ltd. (TSXV: GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC” or the “Company”), a vertically integrated premium cannabis producer, is pleased to announce that it has appointed Jurgen Schreiber, the former CEO of Shoppers Drug Mart and former Chairman of ALDO, to its Board of Directors as of June 10, 2019...
GTEC Completes Build-out at Grey Bruce Facility and Submits Evidence Package to Health Canada
KELOWNA, BC – May 21, 2019 – GTEC Holdings Ltd. (TSXV: GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC” or the “Company”) is pleased to announce that its wholly owned subsidiary Grey Bruce Farms (the “Facility”) has completed its build-out and submitted its Affirmation of Readiness and Video Evidence Package (the “Evidence Package”) to Health Canada. The Evidence Package...
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...
GTEC Holdings Acquires Cannabis Retail Store Location in Vancouver BC
KELOWNA, BC – April 15, 2019 – GTEC Holdings Ltd. (TSXV: GTEC) (OTC: GGTTF) (FRA: 1BUP) (“GTEC” or the “Company”) is pleased to announce that it has entered into a definitive agreement dated April 10, 2019 (the “Definitive Agreement”), between GTEC, GreenTec Retail Ventures Inc., a wholly owned subsidiary of GTEC (“GRV”), and the shareholders (the “Vendors”) of 1203648 B.C. Ltd. (“RetailCo”), pursuant to which GRV will acquire all the issued and outstanding...
GTEC Announces Satisfaction of Tumbleweed Milestone
KELOWNA, BC – April 4, 2019 – GTEC Holdings Ltd. (TSX-V:GTEC) (OTCQB:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) announces that further to the press release dated January 30, 2019, in which the GTEC announced that Tumbleweed Farms (“Tumbleweed”) completed construction of a Health Canada approved cannabis production facility (the “Tumbleweed Facility”), the completion of the Tumbleweed Facility has resulted in the satisfaction...