Kelowna, BC - TheNewswire - November 19, 2020 - GTEC Holdings Ltd. (TSXV:GTEC) (OTC:GGTTF) (FRA:1BUP) ("GTEC", the "Company" or "GTEC Cannabis Co.") a multi-licensed producer of premium cannabis products, would like to comment on the unusual trading activity taking place with respect to its securities listed on the TSX Venture and OTCQB exchanges, which has resulted in a significant increase in the share price and trading volume of its common shares during November 17-18, 2020.
The Company confirms that it has no knowledge of any facts, nor is it aware, to the best of its knowledge, of any undisclosed material information, that would result in the recent increase in its share price and trading volume.
GTEC Cannabis Co cultivates, markets, and distributes the high-end cannabis products that consumers desire. The Company has four operational facilities licenced 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, which are currently not being produced by other Licenced Producers. GTEC's recreational cannabis brands includes; BLK MKT(TM) , Tenzo(TM), Cognoscente(TM) and Treehugger(TM), which retails in the Provinces of B.C., Ontario, Saskatchewan and Manitoba. The Company's medical cannabis brand, GreenTec(TM), is distributed nationally to qualified patients through its medical partners; CannMart and CannaFarms.
GTEC is a publicly traded corporation, listed on the TSX Venture Exchange (GTEC), OTCQB Venture Market (GGTTF) and Frankfurt Stock Exchange (1BUP). The Company's headquarters is located in Kelowna, B.C. and has operations in B.C., Alberta and Ontario.
To learn more about the Company or to access the most recent Corporate Presentation, please visit our website at www.gtec.co
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All information included in this press release, including any information as to the future financial or operating performance and other statements of the Company that express management's expectations or estimates of future performance, other than statements of historical fact, constitute forward-looking information or forward-looking statements within the meaning of applicable Canadian securities legislation and are based on expectations, estimates and projections as of the date hereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable, and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. For instance and among other things, there is a risk that the COVID-19 pandemic may disrupt the Company's operations, those of the Company's suppliers and distribution channels and negatively impact the use of the Company's products, or any assurances regarding the potential effects of judicial or other proceedings on the Company's business or financial condition, the results of operations and cash flows; the volatility in and/or degradation of general economic, market, industry or business conditions; or compliance with applicable environmental, economic, health and safety, energy and other policies and regulations and in particular health concerns with respect to the use of cannabis; the anticipated effects of actions of third parties such as competitors, activist investors or federal, provincial, territorial or local regulatory authorities, self-regulatory organizations, plaintiffs in litigation or persons threatening litigation; changes in regulatory requirements in relation to the Company's business and products. Accordingly, readers should not place undue reliance on forward-looking statements, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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