(TheNewswire)
Kelowna, BC - TheNewswire - December 16, 2020 -GTEC Holdings Ltd. (TSXV:GTEC) (OTC:GGTTF) (FRA:1BUP) (“ GTEC ”, the“ Company ” or “GTECCannabis Co.” ) is pleased to announce thelaunch of pre-rolled cannabis under its BLK MKT ™ and Tenzo ™ brands.
In December 2020 the Company commenced shipping thefollowing pre-roll products to its customers across Canada:
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- Tenzo™ half-gram pre-rolls in 4-pack aluminumtubes. The initial cultivars are Watermelon Mojito Zkittlez (ZKTLZ)and Wedding Crasher.
- BLK MKT™ one-gram pre-rolls in single-pack glasstubes. The initial cultivars are Cherry Punch, Peanut Butter MAC andAlien SinMint Cookies.
The Company is currently offering its new pre-rollproducts to its existing customers in British Columbia, Ontario,Manitoba, Saskatchewan and the Yukon. This includes a mix ofProvincial distributors, wholesale distributors and individual retailoutlets. Furthermore, the Company is continuing to explore additionalsales opportunities in other Provinces.
“ With recentstatistics showing that flower currently holds the largest segment ofthe cannabis market, we are extremely excited to announce the launchof our BLK MKT and Tenzo pre-rolls, ” saidNorton Singhavon, Founder and CEO of GTEC. “ Initial demand for these products has beenvery strong and we are exploring opportunities to increase productionaccordingly. ”
GTEC Brands named as Finalists at2020 AdCann Cannabis Awards
We are excited to announce that our Brands are Top 5finalists at the 2020 AdCann Cannabis Awards, the primary Canadiancannabis industry awards. BLK MKT is a finalist for Brand of the Year ,and Marketing Campaign of theYear , while Tenzo is a finalist for Packaging Design of the Year . Our Director of Marketing, Adil Hirji is also a finalistfor Marketer of theYear . Voting is open until December31 st , and votes can be made at adcann.ca .
About GTEC Cannabis Co
GTEC Cannabis Co cultivates, markets, and distributesthe high-end cannabis products that consumers desire. The Company hasfour operational facilities licensed 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 otherLicensed Producers. GTEC’s recreational cannabis brandsincludes; BLK MKT ™ , Tenzo ™ ,Cogn?scente™ and Treehugger™, which retail in the Provinces ofB.C., Ontario, Saskatchewan and Manitoba. The Company’s medicalcannabis brand, GreenTec™, 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 islocated in 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 REGARDINGFORWARD-LOOKING INFORMATION:
This news release includes certain“forward-looking statements” under applicable Canadian securitieslegislation. Forward-looking statements are necessarily based upon anumber of estimates and assumptions that, while considered reasonable,are subject to known and unknown risks, uncertainties, and otherfactors which may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookingstatements. Such factors include, but are not limited to: generalbusiness, economic, competitive, political and social uncertainties;delay or failure to receive board, shareholder or regulatoryapprovals, where applicable and the state of the capital markets.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. For instance and amongother things, that the Company will maintain adequate capitalresources and liquidity, including but not limited to, availability ofsufficient cash flow, to execute the Company’s business plan (eitherwithin the expected timeframe or at all); or assurances regardingpotential effects of judicial or other proceedings on the Company’sbusiness, financial condition, results of operations and cash flows;volatility in and/or degradation of general economic, market, industryor business conditions; compliance with applicable environmental,economic, health and safety, energy and other policies and regulationsand in particular health concerns with respect to the use of cannabis;the anticipated effects of actions of third parties such ascompetitors, activist investors or federal, provincial, territorial orlocal regulatory authorities, self-regulatory organizations,plaintiffs in litigation or persons threatening litigation; changes inregulatory requirements in relation to the Company’s business andproducts. Accordingly, readers should not place undue reliance onforward-looking statements, which speak only as of the date of thisnews release. The Company disclaims any intention or obligation toupdate or revise any forward-looking statements, whether as a resultof new information, future events or otherwise, except as required bylaw.
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