Monday, September 10, 2018 5:45:58 PM
KELOWNA, BC, Sept. 7, 2018 /CNW/ - GTEC Holdings Ltd. (TSXV: GTEC) ("GTEC" or the "Company") is pleased to announce that its wholly owned subsidiary, Zenalytic Laboratories ("Zen Labs") received an approval from Health Canada expanding the scope of its Dealers License effective September 6, 2018.
The Dealers License was issued pursuant to the provisions of the Controlled Drugs and Substances Act and its Regulations on July 20, 2018. This provided the Company with approval to perform analytical testing on cannabis and specific cannabinoids. The Company subsequently applied to expand the scope of its license to include authorization to process cannabis flower into cannabis oil. Health Canada approved this request effective September 6, 2018.
"Given the recent surge of interest in our industry from global alcoholic beverage companies, we are very excited to now be licensed to produce cannabis oils and expand our own value add product offerings. Furthermore, the amendments to the Dealers License illustrate successful execution of GTEC's vertical integration strategy", said Norton Singhavon, Chairman & CEO of GTEC Holdings. "This development improves GTEC's ability to capitalize on opportunities associated with cannabis oil, and the down stream products derived from it."
Mr. Singhavon further commented, "The receipt of the amended Dealers License is a significant milestone in GTEC's development as it, together with the Company's many other initiatives within the cannabis vertical supply chain, will support revenue generation as early as Q4-2018 or Q1-2019. The Company will continue to provide updates as we get closer to a definitive on-line date".
About Zen Labs
Zen Labs is a full-service chemical and microbiological diagnostics laboratory for soil, water, and cannabis. Zen Labs will analyze cannabinoid profiles, moisture content, heavy metals, microbials, aflatoxins, pesticides and other contaminants as per the regulations set out by Health Canada's ACMPR, for Licensed Producers, Production for Own Medical Purposes, Production by a Designated Person, and individuals who are authorized for personal medical consumption. Zen Labs also intends to conduct full analytical testing on terpene profiling and residual solvents for authorized clients.
About GTEC
GTEC was founded in 2017 to capitalize on opportunities in the nascent and rapidly growing legal cannabis industry. GTEC is focused on growing premium quality craft cannabis in purpose-built indoor facilities. The Company also has a number of retail cannabis initiatives in Western Canada. GTEC currently holds a 100% interest in GreenTec Bio-Pharmaceuticals Corp., Tumbleweed Farms Corp., Falcon Ridge Naturals Ltd., Alberta Craft Cannabis Inc., Grey Bruce Farms Inc., Zenalytic Laboratories Ltd. and Spectre Labs Inc. GTEC is a publicly-traded corporation based in Kelowna, British Columbia. The Company's shares are listed on the TSX Venture Exchange and OTC Pink Sheets.
Recent GTEC News
- Port Authority of New York and New Jersey to Purchase HEVI's GEL-5000 Electric Front Loader • PR Newswire (US) • 04/23/2024 11:00:00 AM
- Greenland Technologies Completes Initial Sales Delivery to Maryland's Port of Baltimore • PR Newswire (US) • 04/10/2024 11:00:00 AM
- Greenland Expands HEVI's Fast Growing Approved Service Provider Network to North Carolina with Addition of Truck and Auto Repair • PR Newswire (US) • 04/02/2024 11:00:00 AM
- Greenland Technologies Operations Unaffected by Francis Scott Key Bridge Collapse in Baltimore, MD; Company Reaffirms April 2024 Sales Delivery Plan • PR Newswire (US) • 04/01/2024 11:00:00 AM
- Greenland Technologies Plans April 2024 Initial Sales Delivery to Maryland's Port of Baltimore • PR Newswire (US) • 03/21/2024 12:36:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 09:15:12 PM
- Greenland's Board Approves Spin-off and Creation of Pureplay Industrial EV Company • PR Newswire (US) • 02/14/2024 12:00:00 PM
- Greenland Announces Major Purchase Agreements; East Energy Agrees to Purchase GEL-1800 and GEL-5000 from HEVI • PR Newswire (US) • 02/13/2024 01:00:00 PM
- Greenland Technologies Announces Addition of Correlli Incorporated to HEVI's Fast Growing Approved Service Provider Network Program • PR Newswire (US) • 02/06/2024 01:00:00 PM
- Greenland Technologies Announces Power Tech Equipment Repair Has Joined HEVI's Approved Service Provider Network Program • PR Newswire (US) • 01/30/2024 01:00:00 PM
- Greenland Technologies to Present to Investors in Atlantic City • PR Newswire (US) • 01/25/2024 01:00:00 PM
- Greenland Technologies Announces Amerit Fleet Solutions has Joined HEVI's Approved Service Provider Network Program • PR Newswire (US) • 01/23/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 01:30:21 PM
- Greenland Technologies Schedules 2023 Annual Meeting of Shareholders • PR Newswire (US) • 12/19/2023 01:00:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/13/2023 09:30:32 PM
- Greenland Technologies to Present at Water Tower Research Investor Conference • PR Newswire (US) • 12/12/2023 01:00:00 PM
- Water Tower Research US Climate Virtual Investor Conference: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 12/08/2023 01:35:00 PM
- Water Tower Research US Climate Investor Conference Agenda Announced for December 7th, 2023 • GlobeNewswire Inc. • 12/04/2023 01:35:00 PM
- Greenland Technologies to Present at Water Tower Research’s Hybrid US Climate Investor Conference on December 7 • GlobeNewswire Inc. • 11/29/2023 01:35:00 PM
- Greenland Technologies to Present at NobleCon 19 Investor Conference • PR Newswire (US) • 11/28/2023 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:15:35 PM
- Greenland Technologies Reports Third Quarter and First Nine Months 2023 Unaudited Financial Results • PR Newswire (US) • 11/20/2023 12:00:00 PM
- Greenland Technologies to Report Third Quarter Unaudited Financial Results on Monday, November 20, 2023 • PR Newswire (US) • 11/17/2023 12:48:00 PM
- Greenland Technologies to Report Second Quarter and First Half 2023 Unaudited Financial Results on Monday, November 20, 2023 • PR Newswire (US) • 11/17/2023 11:47:00 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/09/2023 09:10:12 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM