Home > Boards > Canadian > Cannabis > GTEC Holdings Ltd. (TSXV:GTEC)

GTEC Holdings Receives Updated License from Health Canada

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
junkHustler Member Profile
Member Level 
Followed By 89
Posts 19,121
Boards Moderated 3
Alias Born 10/08/09
160x600 placeholder
L'OCRCVM permet la reprise de la négociation - GTEC PR Newswire (Canada) - 7/8/2019 9:04:00 AM
IIROC Trading Resumption - GTEC PR Newswire (Canada) - 7/8/2019 9:03:00 AM
Suspension de la négociation par l'OCRCVM - GTEC PR Newswire (Canada) - 7/5/2019 1:39:00 PM
IIROC Trading Halt - GTEC PR Newswire (Canada) - 7/5/2019 1:38:00 PM
INVICTUS AND GTEC HOLDINGS ANNOUNCE FORMAL TERMINATION OF MERGER PLANS AND MAINTAIN EXISTING WORKING RELATIONSHIP InvestorsHub NewsWire - 1/15/2019 8:13:23 PM
GTEC Holdings Provides a Letter to Shareholders From Chairman & CEO PR Newswire (Canada) - 12/21/2018 7:27:00 PM
GTEC Holdings Announces OTCQB Listing and DTC Eligibility PR Newswire (Canada) - 12/12/2018 9:08:00 AM
GTEC Completes Initial Sale and Shipment of Cannabis to CannMart PR Newswire (Canada) - 12/4/2018 8:30:00 AM
INVICTUS ADVANCES $500,000 ON CONVERTIBLE LOAN FACILITY InvestorsHub NewsWire - 12/3/2018 6:20:44 PM
GTEC Draws Down $500,000 on Convertible Loan Facility PR Newswire (Canada) - 12/3/2018 5:14:00 PM
GTEC Announces Resignation of Kam Thindal from Board of Directors PR Newswire (Canada) - 11/23/2018 5:00:00 PM
GTEC Enters into Agreement to Facilitate Acquisition of Cannabis Genetics PR Newswire (Canada) - 11/16/2018 4:33:00 PM
L'OCRCVM permet la reprise de la négociation - GTEC; GENE PR Newswire (Canada) - 11/16/2018 10:15:00 AM
IIROC Trading Resumption - GTEC; GENE PR Newswire (Canada) - 11/16/2018 10:13:00 AM
Suspension de la négociation par l'OCRCVM - GTEC ; GENE PR Newswire (Canada) - 11/16/2018 9:41:00 AM
IIROC Trading Halt - GTEC; GENE PR Newswire (Canada) - 11/16/2018 9:39:00 AM
GTEC Holdings Announces Strategic Merger with Invictus Forming Western Canada's Largest Indoor Vertically Integrated Cannabis... PR Newswire (Canada) - 11/16/2018 9:30:00 AM
GTEC Holdings Receives Updated License from Health Canada Permitting B2B Cannabis Sales PR Newswire (Canada) - 11/9/2018 8:30:00 AM
GTEC Announces Multiple Retail Store Initiative in Vancouver BC PR Newswire (Canada) - 11/7/2018 8:30:00 AM
Valens Signs Multi-Year Cannabis Extraction Agreement with GTEC Holdings InvestorsHub NewsWire - 11/5/2018 2:30:16 PM
GTEC Signs Cannabis Extraction Agreement with Valens PR Newswire (Canada) - 11/5/2018 8:30:00 AM
GTEC Holdings Finalizes Agreement with F-20 to Develop 194,000 sq. ft. Indoor Cultivation Facility PR Newswire (Canada) - 10/25/2018 8:30:00 AM
GTEC Holdings Completes Draw Down on $2 Million Convertible Loan Facility PR Newswire (Canada) - 10/23/2018 5:12:00 PM
Invictus Signs Agreement with GTEC to Support Cannabis Retail Expansion InvestorsHub NewsWire - 10/19/2018 12:07:15 PM
junkHustler Member Level  Friday, 11/09/18 11:23:34 AM
Re: None
Post # of 66 
GTEC Holdings Receives Updated License from Health Canada Permitting B2B Cannabis Sales

KELOWNA, BC, Nov. 9, 2018 /CNW/ - GTEC Holdings Ltd. (TSXV: GTEC) (OTC: GGTTF) ("GTEC" or the "Company") is pleased to announce that its wholly owned subsidiary, Alberta Craft Cannabis Inc ("ACC") received its updated license on November 8th, 2018 in accordance with Health Canada's Cannabis Act and Cannabis Regulations, which had previously been issued under the Access to Cannabis for Medical Purposes Regulations ("ACMPR").

Effective immediately, Alberta Craft Cannabis is authorized to sell cannabis in accordance with subsection 11(5) of the Cannabis Regulations, which include the following activities:

The sale and distribution of dried cannabis, fresh cannabis, cannabis plants and cannabis plant seeds to any of the following license holders: micro-cultivation, standard cultivation, processing, analytical testing, research, or cannabis drug license;
The sale and distribution of cannabis plants and cannabis plant seeds to a holder of a license for a nursery;
The sale and distribution of cannabis plants and cannabis plant seeds, that are cannabis products to: a holder of a license for sale, or a person authorized to sell cannabis under a provincial Act by reason of subsection 69(1) of the Act; and
The sale and delivery of cannabis plants and cannabis plant seeds, that are cannabis products, to the purchaser of the products at the request of: a person authorized to sell cannabis under a provincial Act by reason of subsection 69(1) of the Act, or a holder of a license for sale.
Since its debut on the TSX Venture Exchange on June 22, 2018, the Company has entered into strategic partnerships with the following Licensed Producers:

Invictus MD Strategies (TSXV: GENE) (OTCQX: IVITF)
https://www.gtec.co/gtec-agreement-with-invictus-cannabis-retail-expansion/
Namaste Technologies (TSXV: N) (OTCQB: NXTTF)
https://www.gtec.co/gtec-announces-supply-agreement-with-namaste-technologies-cannmart/
Valens Groworks (CSE: VGW) (OTC: MYMSF)
https://www.gtec.co/gtec-signs-cannabis-extraction-agreement-with-valens/
The updated license will allow GTEC to immediately engage in business to business (B2B) sales to its strategic partners and/or other qualified license holders under the Cannabis Act and Cannabis Regulations.

"We are extremely pleased with Health Canada's new licensing system under the Cannabis Act and Regulations. These updates allow for GTEC to immediately supply its current inventory into the medical and provincial markets through its strategic partners," said Norton Singhavon, Chairman & CEO of GTEC. "Upon completion of our initial B2B sale, we look forward to transitioning into a revenue generating company."

On October 3rd, 2018, the Company previously announced that Alberta Craft Cannabis had notified Health Canada that it was ready for a Sales License inspection. The Company would like to reiterate to shareholders that it is still awaiting this Health Canada Sales License inspection, and that currently, the Company is not authorized to sell dried cannabis directly to qualified medical patients.

For more information on activities authorized under Cannabis Regulations, please go to:
https://laws-lois.justice.gc.ca/eng/regulations/SOR-2018-144/page-3.html#h-9

For more information on activities authorized under Cannabis Act, please go to:
https://laws-lois.justice.gc.ca/eng/acts/C-24.5/page-9.html#h-18

About GTEC
GTEC was founded in 2017 to capitalize on opportunities in the nascent and rapidly growing legal cannabis industry. GTEC is a public corporation listed on the TSX Venture Exchange and based in Kelowna, British Columbia. GTEC is focused on growing premium quality craft cannabis in purpose-built indoor facilities. GTEC currently holds a 100% interest in GreenTec Bio-Pharmaceuticals Corp., Alberta Craft Cannabis Inc. Grey Bruce Farms Inc., Tumbleweed Farms Corp., Zenalytic Laboratories Ltd., and Spectre Labs Inc.

To view more about the company or to request our most recent corporate presentation, please visit our website at www.gtec.co

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist