GTEC Holdings launches recreational adult-use cannabis brands
GTEC Holdings announced that it has formally launched its recreational adult-use brands in the Provinces of British Columbia and Saskatchewan. Initial orders were fulfilled and shipped in November to the British Columbia Liquor Distribution Branch and a private Saskatchewan distributor, with wholesale and retail sales commencing during the week of November 25, 2019. The purchase orders have provided GTEC's products access to 135 retail stores between both Provinces. The products have been priced amongst the highest tier within BCLDB sales channels, and promptly sold-out within hours of being available for wholesale distribution and to public consumers, which demonstrates the robust demand for GTEC's products in British Columbia. A subsequent purchase order was received from the BCLDB, which is currently being fulfilled and expected to be delivered this week. The Company expects to continue to expand its national distribution into other Provinces in the near future.