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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Bullboard Posts
Comment by Homestretch4meon Sep 19, 2019 11:18am
78 Views
Post# 30143470

RE:GTEC Terminates Purchase of Canopy Growth Facility

RE:GTEC Terminates Purchase of Canopy Growth FacilityIt's not the G-Tec deal. It is the uncertainty over the Vaping Health scare along with the article from Barron's.
Free55dom wrote: It appears the market does not like GTEC walking from the Canopy greenhouse BC deal.

Kelowna, BC, Sept. 18, 2019 (GLOBE NEWSWIRE) -- GTEC Holdings Ltd. (TSX-V:GTEC) (OTCQB:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”), a vertically integrated premium cannabis producer, announces that pursuant to a Purchase and Sale Agreement (the “PSA”) it had entered into with Canopy Growth Corp (TSX:WEED) (NYSE:CGC) on May 16th, 2019, as amended (see press release August 20th, 2019), GTEC will not proceed with the completion of the transaction.

Further to the terms of the PSA, GTEC is entitled to a refund of its $250,000 deposit.


About GTEC
GTEC Holdings is a Canadian cannabis company focused on cultivating premium quality cannabis in purpose-built indoor facilities.

GTEC holds multiple Cultivation, Processing and Sales licences, along with an Analytical Testing licence. The company’s operational cultivation facilities span across three provinces: British Columbia, Alberta and Ontario.

GTEC’s genetic portfolio is comprised of unique and exotic cultivars selected to generate sustainable competitive advantage. GTEC’s products are marketed and sold under its flagship trademarked brands: BLK MKT™, Tenzo™, GreenTec™, Cognscente™ and Treehugger™.

GTEC is a publicly traded corporation listed on the TSX Venture Exchange, OTCQB Venture Market and Frankfurt Stock Exchange. The Company is headquartered in Kelowna, British Columbia.

To learn more about the company or to request the most recent corporate presentation, please visit www.gtec.co


On behalf of the board,

Norton Singhavon
Founder, Chairman & CEO

Michael Blady
Co-Founder & Vice President


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: 
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. For instance, there can be no assurance that Company’s genetic portfolio will deliver a sustainable competitive advantage and provide favourable gross margins. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 For additional information, please contact: GTEC Holdings Ltd. 1-800-351-6358 contact@gtec.co https://web.tmxmoney.com/article.php?newsid=9003862574807295&qm_symbol=GTEC


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