(TheNewswire)
Kelowna, BC - TheNewswire - February 2, 2021 -GTEC Holdings Ltd. (TSXV:GTEC) (OTC:GGTTF) (FRA:1BUP) (“ GTEC ”, the“ Company ” or “GTECCannabis Co.” ) is pleased to announce thelaunch of its GreenTec™ Medical cannabise-commerce website (the “ website ”).
The launch of the website allows medical patientsauthorized by Health Canada to purchase cannabis products directlyfrom GTEC. Products will be cultivated and handcrafted at GTEC’scultivation facilities: Alberta Craft Cannabis, Grey Bruce Farms andTumbleweed Farms. The products will be packaged to order by AlbertaCraft Cannabis and sold under the flagship medical brand GreenTec™.Authorized medical patients will have access to GTEC’s productportfolio for $6 to $10 per gram. Initial product offerings (in 3.5gram & 7 gram formats) include:
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- Cherry Punch
- Watermelon Mojito Zkittlez
- Wedding Crasher
- Alien SinMint Cookies
- P eanut Butter MAC
- Dosi-Pie
The Company will continue to explore ways of increasingits product range through its own internal production, introducing newcultivars and larger formats. The Company would like to welcome allinterested medical patients to visit the GreenTec Medical website or tocontact the Medical Cannabis Manager.
Melissa Scheuerman
Medical Cannabis Manager at www.greentecmedical.ca
587-759-2552
"After receiving overwhelminginterest and demand from medical patients who wanted to purchase ourproducts directly, we listened," saidNorton Singhavon, Founder and CEO of GTEC Cannabis . "The GreenTec Medical platform willenable medical patients to have direct access to our high-quality handcrafted products at competitive industry prices.We would like to thank all consumers who have expressed interest inpurchasing our products and trust that we will exceed yourexpectations.”
“It has been an exciting journeysince I was brought on by the GTEC team to launch and manage theGreenTec medical platform,” said MelissaScheuerman, Medical Cannabis Manager at GreenTec Medical / AlbertaCraft Cannabis. “ I lookforward to working with our team to provide the highest level ofproduct quality and support to our consumers. ”
The Company expects that the launch of its GreenTec™ Medical platform willenable GTEC to capture higher gross margins by selling direct toconsumers, and avoiding the high mark-ups associated with recreationalsupply chains. The Company believes that the business unit willcomplement its core business of recreational cannabis use, and providefast and reliable access to quality handcrafted products atcompetitive prices to authorized patients across the country.
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. GTEC’s recreational cannabis brandsinclude BLK MKT ™ , Tenzo ™ ,Cognoscente™ and Treehugger™. The Company’s medical cannabisbrand, GreenTec™, is distributed nationally to qualified patientsthrough its GreenTec Medical website and various licensed partners.
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 successfully launch the Medical E-CommerceWeb-site and that it will generate anticipated grossmargins ; compliance withapplicable environmental, economic, health and safety, energy andother policies and regulations with respect to the use of cannabis;actions of third parties such as competitors, activist investors orfederal, 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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