GTEC: From its inception to today GreenTec Holdings has acquired 100% interest in four late stage applicants and one Licensed Producer. We also recently announced a joint venture with F-20 Developments. These deals have allowed us to create shareholder value by leveraging our cannabis expertise and head office functions across multiple growing operations.
CCIM:
GTEC: GreenTec is striving for vertical integration within the cannabis eco-system, to help ensure its products are cultivated and sold with quality, care and consistency. Accordingly, our company is involved in cannabis cultivation, extraction, analytical testing and retail sales.
CCIM:
GTEC: Sales of organic products have grown steadily in recent years; moreover, organic products offer superior profit margins to non-organic products. Since GreenTec is a craft cannabis company, focused on producing high quality products, it makes sense for organic products to be part of our portfolio. Therefore, GreenTec is planning to become one of the first companies in Canada producing nationally certified organic cannabis.
CCIM:
GTEC: There are numerous players in the Canadian cannabis space, ranging from small micro-cultivators to large companies with multi-billion-dollar market caps. While we are competing with all of these companies, our primary direct competition would be those companies that are focused on craft cannabis and organic cannabis. This would include companies such as Whistler Medical, Broken Coast and Tilray.
81