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Tag Archives: 1BUP

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GTEC Holdings Announces Alberta Craft Facility Completes First Harvest of the Year and Now Operating in Full Production

GTEC Holdings Announces Alberta Craft Facility Completes First Harvest of the Year and Now Operating in Full Production
March 04, 2019 (GLOBE NEWSWIRE) -- GTEC Holdings Ltd. (TSXV: GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC” or the “Company”) is pleased to announce that Alberta Craft Cannabis (“ACC”) has completed its first harvest of 2019 and is now operating at a fully utilized production capacity and anticipates to be harvesting every 10 days.  The Company expects that ACC will exceed its anticipated annual output of 1,300 KG due to harvests producing higher yields than originally projected.
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GTEC Announces $6.1 Million First Tranche Closing of Upsized Private Placement

GTEC Announces $6.1 Million First Tranche Closing of Upsized Private Placement
GTEC Holdings Ltd. (TSXV: GTEC) (OTCQB: GGTTF) (FRA: 1BUP) (“GTEC” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced upsized private placement offering led by Sprott Capital Partners LP (the “Agents”) pursuant to which the Company issued 11,126,753 units of the Company (each a “Unit” and collectively, the “Units”) at a price of $0.55 per Unit for gross proceeds of $6,119,714.15. The Company intends to raise up to $8,000,000 pursuant to both closings of this offering (the “Offering”). The Agents have the option to increase the size of the Offering by up to 25% (the “Agents’ Option”) for additional gross proceeds of up to $2,000,000, which Agents’ Option is exercisable, in whole or in part, at any time up to 48 hours prior to the final closing date of the Offering.
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