(TheNewswire)
Kelowna, BC - TheNewswire - November 19, 2020 -GTEC Holdings Ltd. (TSXV:GTEC) (OTC:GGTTF) (FRA:1BUP)(" GTEC ", the " Company " or "GTEC Cannabis Co." ) a multi-licensed producer of premiumcannabis products, would like to comment on the unusual tradingactivity taking place with respect to its securities listed on the TSXVenture and OTCQB exchanges, which has resulted in a significantincrease in the share price and trading volume of its common sharesduring November 17-18, 2020.
The Company confirms that it has no knowledge of anyfacts, nor is it aware, to the best of its knowledge, of anyundisclosed material information, that would result in the recentincrease in its share price and trading volume.
GTEC Cannabis Co cultivates, markets, and distributesthe high-end cannabis products that consumers desire. The Company hasfour operational facilities licenced by Health Canada and is currentlydistributing cannabis through medical and recreational saleschannels.
GTEC's quality product offering is crafted from rareand unique cultivars, which are currently not being produced by otherLicenced Producers. GTEC's recreational cannabis brands includes; BLK MKT (TM) , Tenzo (TM) ,Cognoscente(TM) and Treehugger(TM), which retails in the Provinces ofB.C., Ontario, Saskatchewan and Manitoba. The Company's medicalcannabis brand, GreenTec(TM), is distributed nationally to qualifiedpatients through its medical partners; CannMart and CannaFarms .
GTEC is a publicly traded corporation, listed on theTSX Venture Exchange (GTEC), OTCQB Venture Market (GGTTF) andFrankfurt Stock Exchange (1BUP). The Company's headquarters is locatedin Kelowna, B.C. and has operations in B.C., Alberta andOntario.
To learn more about the Company or to access the mostrecent Corporate Presentation, please visit our website at www.gtec.co
For additional information, please contact:
GTEC Cannabis Co.
1-800-351-6358
contact@gtec.co
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
Allinformation included in this press release, including any informationas to the future financial or operating performance and otherstatements of the Company that express management's expectations orestimates of future performance, other than statements of historicalfact, constitute forward-looking information or forward-lookingstatements within the meaning of applicable Canadian securitieslegislation and are based on expectations, estimates and projectionsas of the date hereof. Forward-looking statements are necessarilybased upon a number of estimates and assumptions that, while considered reasonable, are subjectto known and unknown risks, uncertainties, and other factors which maycause the actual results and future events to differ materially fromthose expressed or implied by such forward-looking statements. Suchfactors include, but are not limited to: general business, economic,competitive, political and social uncertainties; delay or failure toreceive board, shareholder or regulatory approvals, where applicable,and the state of the capital markets. There can be no assurance thatsuch statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchstatements. For instance and among other things, there is a risk thatthe COVID-19 pandemic may disrupt the Company's operations, those ofthe Company's suppliers and distribution channels and negativelyimpact the use of the Company's products, or any assurances regardingthe potential effects of judicial or other proceedings on theCompany's business or financial condition, the results of operationsand cash flows; the volatility in and/or degradation of generaleconomic, market, industry or business conditions; or compliance withapplicable environmental, economic, health and safety, energy andother policies and regulations and in particular health concerns withrespect to the use of cannabis; the anticipated effects of actions ofthird parties such as competitors, activist investors or federal,provincial, territorial or local regulatory authorities,self-regulatory organizations, plaintiffs in litigation or personsthreatening litigation; changes in regulatory requirements in relationto the Company's business and products. Accordingly, readers shouldnot place undue reliance on forward-looking statements, which speakonly as of the date of this news release. The Company disclaims anyintention or obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, except as required by law.
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