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GTEC Holdings, Ltd.: An Undervalued, Vertically-Integrated Craft Cannabis Producer Positioning For Canada's Recreational Legalization -- Spotlight Growth
Sacramento, California--(Newsfile Corp. - July 24, 2018) - Spotlight Growth has published new ...
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[{"type":"text","content":"GTEC Holdings, Ltd.: An Undervalued, Vertically-Integrated Craft Cannabis Producer Positioning For Canada's Recreational Legalization -- Spotlight GrowthSacramento, California--(Newsfile Corp. - July 24, 2018) - Spotlight Growth has published new content on GTEC Holdings, Ltd. (TSXV: GTEC) (OTC PINK: GGTTF). GTEC Holdings, Ltd. is a Kelowna, British Columbia-based, vertically-integrated cannabis company that seeks to bring a premium craft quality approach to the legal marijuana industry.The report provides an overview of GTEC Holdings, Ltd., its subsidiaries, financials, industry analysis and more. The content also covers the global outlook for the coming Canadian recreational cannabis market.New Frontier Data: Canadian Cannabis Market Estimated To Reach C$9.2 Billion By 2025 In June 2018, Canada become the first G20 nation to announce plans to legalize recreational cannabis use for adults. Canadian Prime Minister Justin Trudeau said that recreational cannabis will officially be legalized on October 17, 2018. The major announcement effectively prepares the floodgates to be opened on the high-growth cannabis market within the country. Entrepreneurs have been positioning for recreational legalization for quite some time and with just a few months to go, there certainly is a palpable buzz in the air among cannabis companies and consumers alike.\"Canada is about to become the first G20 nation in the world to fully legalize cannabis and the implications are enormous. Combined, the Canadian medical and adult-use markets will rival that of California — which boasts the 6th largest overall economy internationally. Canadian usage rates in the medical market are higher on average than in the U.S. When the adult-use Canadian market opens the combined domestic and international opportunities will increase dramatically and create new momentum around the world,\" details New Frontier Data Founder & CEO, Giadha Aguirre de Carcer.Canada's decision to legalize recreational cannabis comes as global opinion continues to become more open and interested in cannabis. The cannabis movement is largely reminiscent of the ending of alcohol prohibition within the United States during the early 1930s. Today, there is a vibrant international alcohol and...