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Bullboard - Stock Discussion Forum GTEC Holdings Ltd GGTTF

GTEC Holdings Ltd is a Canada based company. It is pursuing opportunities in the cannabis industry and has the goal to identify and consolidate licensed producers of ultra-premium cannabis under Health Canada's Cannabis Act and Regulations and vertically integrating its operations by pursuing cannabis retail sales where permissible across Canada.

GREY:GGTTF - Post Discussion

GTEC Holdings Ltd > News release
View:
Post by Tradingvet55 on Oct 10, 2019 3:11pm

News release

From the news release this is what stands out to me. Lots of cash on hand and no further dilution. Currently trading under private placement levels.. This is a screaming buy. I'll let the shorts try to take it down more to load up :) Liquidity and Capital Resources As at the date of this MD&A, the Company had a cash balance of $4.4 million. Based on the current financial resources and fiscal 2020 projected revenues, the Company anticipates that it has sufficient financial resources to continue the construction of its GreenTec BP and 3PL assets, and to fulfil all debt obligations due in the second half of fiscal 2020, without further equity dilution to its shareholders or assuming additional debt obligations. Read more at https://stockhouse.com/companies/bullboard/v.gtec/gtec-holdings-ltd?postid=30214668#yP8i6dmkArr25xsL.99
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