a multi-licensed producer of handcrafted, high quality cannabis products, is pleased to announce that it has reported its First Quarter financial results of fiscal 2021.
“During the first quarter of fiscal 2021, our team focused on building a solid foundation in order to deliver incremental growth for the remainder of the fiscal year.” said Norton Singhavon, Founder and CEO at GTEC.
GTEC’s premium quality recreational cannabis brands includes; BLK MKT™, Tenzo™, Cognōscente™ and Treehugger™, which are crafted from unique cultivars, and sold in British Columbia, Ontario, Saskatchewan, Manitoba and Yukon.
GTEC is a publicly traded corporation, listed on the TSXV .
This news release includes certain “forward-looking information” as defined under applicable Canadian securities legislation, including with respect to its optimism related to the GreenTec Medical Cannabis E-Commerce Website’s potential to drive significant sales and earnings through its medical channel and its expectation that it will export 500 to 1,000 KG of cannabis per year pursuant to its agreement with Focus Medical Herbs Ltd.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking information, which speak only as of the date of this news release.
The Company believes that these non-IFRS financial measures, in addition to conventional measures prepared in accordance with IFRS, enable investors to evaluate the Company’s operating results, underlying performance and prospects in a similar manner to the Company’s management.