KELOWNA, BC, Sept. 26, 2018 /CNW/ - GTEC Holdings Ltd.
("GTEC" or the "Company") (TSXV: GTEC) (OTCPK: GGTTF)
is pleased to announce its incorporation into the Horizons Medical
Marijuana Life Sciences ETF (TSX: HMMJ) (the "ETF").
HMMJ is the world's first ETF that offers direct exposure to
North American-listed securities that are involved with marijuana
bioengineering and production. HMMJ is an index (or passively
managed) ETF, which seeks to replicate, to the extent possible, the
performance of the North American Marijuana Index (the
"Index"), net of expenses. The Index is designed to provide
exposure to the performance of a basket of North American publicly
listed life sciences companies with significant business activities
in the marijuana industry. The Index selects from a current
universe of companies that have operations which may include one or
more of biopharmaceuticals, medical manufacturing, distribution,
bio-products and other ancillary businesses related to the
marijuana industry.
Publicly listed companies must meet certain minimum requirements
in order to be eligible for the ETF. These requirements may include
(but are not limited to) market capitalization, dollar value of
daily liquidity and certain regulatory and licensing
requirements.
About Horizons ETFs Management (Canada) Inc.
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product family includes a broadly diversified range
of solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs have more than $10 billion of
assets under management and 83 ETFs listed on major Canadian stock
exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
About GTEC
GTEC was founded in 2017 to capitalize on opportunities in the
nascent and rapidly growing legal cannabis industry. GTEC is
focused on growing premium quality craft cannabis in purpose-built
indoor facilities. The Company also has a number of retail
cannabis initiatives in Western Canada. GTEC currently holds
a 100% interest in GreenTec Bio-Pharmaceuticals Corp., Tumbleweed
Farms Corp., Falcon Ridge Naturals Ltd., Alberta Craft Cannabis
Inc., Grey Bruce Farms Inc., Zenalytic Laboratories Ltd. and
Spectre Labs Inc. GTEC is a publicly-traded corporation based in
Kelowna, British Columbia. The
Company's shares are listed on the TSX Venture Exchange and OTC
Pink Sheets.
To view more about the company or to request our most recent
corporate presentation, please visit our website
at www.gtec.co.
On behalf of the board,
Norton Singhavon
Founder, Chairman & CEO
778-760-8288
ns@gtec.co
Michael Blady
Co-Founder & Vice President
604-720-3474
mb@gtec.co
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: general business,
economic, competitive, political and social uncertainties; delay or
failure to receive board, shareholder or regulatory approvals,
where applicable and the state of the capital markets. 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 statements. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE GreenTec Holdings
