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GTEC Holdings Receives Updated License from Health Canada Permitting B2B Cannabis Sales
GTEC Holdings Receives Updated License from Health Canada Permitting B2B Cannabis Sales ...
About this update from Avant Brands Inc
[{"type":"text","content":"\n\n\n\nGTEC Holdings Receives Updated License from Health Canada Permitting B2B Cannabis Sales\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, Nov. 9, 2018\n\n\n\nKELOWNA, BC, Nov. 9, 2018 /CNW/ - GTEC Holdings Ltd. (TSXV: GTEC) (OTC: GGTTF) (\"GTEC\" or the \"Company\") is pleased to announce that its wholly owned subsidiary, Alberta Craft Cannabis Inc (\"ACC\") received its updated license on November 8th, 2018 in accordance with Health Canada's Cannabis Act and Cannabis Regulations, which had previously been issued under the Access to Cannabis for Medical Purposes Regulations (\"ACMPR\"). \n\n \n \n\n \nEffective immediately, Alberta Craft Cannabis is authorized to sell cannabis in accordance with subsection 11(5) of the Cannabis Regulations, which include the following activities:\nThe sale and distribution of dried cannabis, fresh cannabis, cannabis plants and cannabis plant seeds to any of the following license holders: micro-cultivation, standard cultivation, processing, analytical testing, research, or cannabis drug license; The sale and distribution of cannabis plants and cannabis plant seeds to a holder of a license for a nursery; The sale and distribution of cannabis plants and cannabis plant seeds, that are cannabis products to: a holder of a license for sale, or a person authorized to sell cannabis under a provincial Act by reason of subsection 69(1) of the Act; and The sale and delivery of cannabis plants and cannabis plant seeds, that are cannabis products, to the purchaser of the products at the request of: a person authorized to sell cannabis under a provincial Act by reason of subsection 69(1) of the Act, or a holder of a license for sale.Since its debut on the TSX Venture Exchange on June 22, 2018, the Company has entered into strategic partnerships with the following Licensed Producers:\nInvictus MD Strategies (TSXV: GENE) (OTCQX: IVITF) https://www.gtec.co/gtec-agreement-with-invictus-cannabis-retail-expansion/ Namaste Technologies (TSXV: N) (OTCQB: NXTTF) https://www.gtec.co/gtec-announces-supply-agreement-with-...