GTEC Holdings Ltd GGTTF

.30 buy target.

[EatMeAllDay]

I like this company but MJ stocks are in the sh!tter and this will continue to fall. GLTA.

[tankingfrank]

that seems reasonable..

[Vroom2017]

Anyone who thinks this is going to 30 cents needs to have their head examined.  The PP was at 50 freaking cents.  Norton has been buying above that.  Pretty sure he's in the know about the company more than anyone here.

[tankingfrank]

PURE was promoted as well.. CEO was buying at 30 -- now .14..  reality is, that this company burns a lot of cash, has debt and needs more money.  retail is a bust everywhere. all these facilities take a lot of start up cash.. 

[Suggardaddy68]

Just an FYI GTEC is already funded and built out for 4,000kg cultivation, a dealers license for testing and over 30+ retail. Yes it will need money for operations at some point but it is now also making money from selling products. 4,000kg x $6/gram = $24 million, it Doesn't look like they are going broke any time soon , let's all be real patient with this process, the CEO just exercised

[trade2win22]

This post has been removed in accordance with Community Policy

[tankingfrank]

Why sell the company 6 months after listing?  30 leases - cost centre  where does the 4000kg come from? a deal with no terms is weak —- seems promotional —- u going to spend 100 million with no terms? 

[Suggardaddy68]

a combined new entity will be better equipped to take a bigger market share of the craft sector, juniors like Gtec need to merge with others or get left behind, that's why you sell within 6 months, the new entity will be Western Canadas largest indoor growing facility and the stated yrly output of 4000 mg comes directly from Alberta Craft which has sourced prob the best genetics money can buy