GTEC Holdings Ltd. Provides Operational Update

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[{"type":"text","content":"\n\n\n\nGTEC Holdings Ltd. Provides Operational Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nKELOWNA, BC, June 25, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n\n\n\nKELOWNA, BC, June 25, 2018 /CNW/ - Following the recent announcement regarding the legalization of recreational cannabis in Canada, GTEC Holdings Ltd. (TSXV: GTEC) (\"GTEC\") is pleased to provide an update on the operations of its wholly owned subsidiaries.\n\n\n \n \n\n \nOn June 19, 2018 the Canadian Senate passed a bill that will legalize recreational cannabis nationally.   Canada is only the second country in the world - and the first G7 nation - to legalize recreational cannabis.    The following day, Prime Minister Justin Trudeau announced that Canadians will be able to legally consume cannabis recreationally commencing October 17, 2018.  These timelines dovetail very well with the development of GreenTec's cultivation and lab facilities:\n\nAlberta Craft Cannabis Inc. (\"ACC\") is a Licensed Producer located in Edmonton, Alberta.  ACC operates a 14,000 square foot craft cannabis cultivation facility with estimated annual output of 1.3 million grams.  ACC is currently cultivating two different strains of cannabis, to facilitate securing its Sales License from Health Canada's Office of Medical Cannabis at the earliest opportunity.    \n\nGreenTec Bio-Pharmaceuticals Inc.  (\"GreenTec\") is a late stage ACMPR applicant based in Kelowna, British Columbia. GreenTec is currently building a 20,000 square foot craft cannabis cultivation facility with projected annual output of 2.2 million grams. GreenTec has completed design, engineering, permitting and pre-construction work. This facility is expected to be complete by September 2018.     \n\nGrey Bruce Farms Inc. (\"Grey Bruce\") is a late stage ACMPR applicant based in Ki...

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