GTEC Holdings (GTEC.V) is in a bind. In other words, it’s down. Its own management would, and did, say as much.
On August 19, 2019 GTEC Holdings (GTEC.C) announced that its 100% owned Tumbleweed Farms has been granted a “Standard Cultivation, Processing and Medical Sales Licences, pursuant to the Cannabis Act and Regulations by Health Canada.”
Just before GTEC Holdings (GTEC.V) went public, Equity Guru’s Chris Parry summarised GTEC like this: “GTEC’s growers are genuinely small batch, artisan guys. They haven’t come to market with a ‘We’re going to have the biggest greenhouse in the world’ play.
On November 7, 2018 GTEC Holdings (GTEC.V) announced that it has signed a binding deal to acquire a private BC corporation that owns two cannabis dispensaries located in Vancouver, BC.