GTEC Holdings (GTEC.V) is up 65.4% as they launch their medical cannabis e-commerce website today, according to a press release.
The website gives medical patients the access and opportunity to buy their cannabis products directly from GTEC, cutting out the necessity of any middle-men. The products available will come from GTEC’s cultivation facilities at Alberta Craft Cannabis, Grey Bruce Farms and Tumbleweed Farms.
“After receiving overwhelming interest and demand from medical patients who wanted to purchase our products directly, we listened. 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,” said Norton Singhavon, Founder and CEO of GTEC Holdings.
Yet another equity guru alumnus, GTEC cannabis is deeply involved in cultivation, marketing and distribution of high end cannabis products. They operate four Health Canada approved facilities and are presently distributing their high grade cannabis to both the medical. and recreational markets. Their products are crafted from rare cultivars, with their recreational brands including BLK MKT, Tenzo, Cognoscente and Treehugger. Their medical brand, GreenTec, goes out nationally through the website.
Initial product offerings (in 3.5 gram & 7 gram formats) include:
– Cherry Punch
– Watermelon Mojito Zkittlez
– Wedding Crasher
– Alien SinMint Cookies
– P eanut Butter MAC
Patients authorized by Health Canada will be able to access GTEC’s portfolio for $6 to $10 per gram.
GTEC’s 65.4% or $0.11 bounce today lands them firmly closing at $0.24, which is the highest they’ve been since early 2019. Folks who have been underwater since that time can come up for air now.