GTEC closed up 84.62 percent on Tuesday, February 2, 2021, on 12.35 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. The bulls were able to push the stock to a new 52-week high.
GTEC Holdings Ltd, formerly Black Birch Capital Acquisition III Corp, is Canada-based company that is engaged in the alternative medicine sector. GTEC Holdings Ltd is comprised of a number of cultivation facilities under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR). GTEC Holdings Ltd is focused on growing craft cannabis in purpose-built indoor facilities. The Company holds interest in GreenTec Bio-Pharmaceuticals Corp., Tumbleweed Farms Corp., Falcon Ridge Naturals Ltd., Alberta Craft Cannabis Inc., formerly known as Grenex Pharms Inc., Grey Bruce Farms Inc., Zenalytic Laboratories Ltd. and Spectre Labs Inc. GreenTec Bio-Pharmaceuticals Corp is the Company’s flagship subsidiary.
Kelowna, BC - TheNewswire - February 2, 2021 - GTEC Holdings Ltd. (TSXV:GTEC) (OTC:GGTTF) (FRA:1BUP) (“GTEC”, the “Company” or “GTEC Cannabis Co.”) is pleased to announce the launch of its GreenTec™ Medical cannabis e-commerce website (the “website”).
The launch of the website allows medical patients authorized by Health Canada to purchase cannabis products directly from GTEC. Products will be cultivated and handcrafted at GTEC’s cultivation facilities: Alberta Craft Cannabis, Grey Bruce Farms and Tumbleweed Farms. The products will be packaged to order by Alberta Craft Cannabis and sold under the flagship medical brand GreenTec™. Authorized medical patients will have access to GTEC’s product portfolio for $6 to $10 per gram. Initial product offerings (in 3.5 gram & 7 gram formats) include:
- Cherry Punch
- Watermelon Mojito Zkittlez
- Wedding Crasher
- Alien SinMint Cookies
- Peanut Butter MAC
- Dosi-Pie
The Company will continue to explore ways of increasing its product range through its own internal production, introducing new cultivars and larger formats. The Company would like to welcome all interested medical patients to visit the GreenTec Medical website or to contact the Medical Cannabis Manager.
Melissa Scheuerman
587-759-2552
melissa@albertacraft.com
"After receiving overwhelming interest and demand from medical patients who wanted to purchase our products directly, we listened," said Norton Singhavon, Founder and CEO of GTEC Cannabis. "The GreenTec Medical platform will enable 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 in purchasing our products and trust that we will exceed your expectations.”
“It has been an exciting journey since I was brought on by the GTEC team to launch and manage the GreenTec medical platform,” said Melissa Scheuerman, Medical Cannabis Manager at GreenTec Medical / Alberta Craft Cannabis. “I look forward to working with our team to provide the highest level of product quality and support to our consumers.”
The Company expects that the launch of its GreenTec™ Medical platform will enable GTEC to capture higher gross margins by selling direct to consumers, and avoiding the high mark-ups associated with recreational supply chains. The Company believes that the business unit will complement its core business of recreational cannabis use, and provide fast and reliable access to quality handcrafted products at competitive prices to authorized patients across the country.
About GTEC Cannabis Co
GTEC Cannabis Co cultivates, markets, and distributes the high-end cannabis products that consumers desire. The Company has four operational facilities licensed by Health Canada and is currently distributing cannabis through medical and recreational sales channels.
GTEC’s quality product offering is crafted from rare and unique cultivars. GTEC’s recreational cannabis brands include BLK MKT™ , Tenzo™, Cognoscente™ and Treehugger™. The Company’s medical cannabis brand, GreenTec™, is distributed nationally to qualified patients through its GreenTec Medical website and various licensed partners.