A landmark ruling by the Supreme Court of Canada has put cannabis edibles on the menu in the Great White North, and Green Technology Solutions, Inc. (OTCBB: GTSO) is revising its market strategy to help serve the needs of Canadian cannabis patients.
Earlier this month, Canada’s highest court struck down limits on what constitutes allowable forms of medicinal cannabis, effectively giving patients the right to possess and consume cannabis derivatives such as edibles for the first time. GTSO watched the case closely, ready to add Canada to its rollout strategy for a suite of edible products now under development.
GTSO formed a joint venture with innovative cannabis edibles developer Elevated Industries last year in order to deliver new products tailored to increasingly sophisticated cannabis businesses and consumers in Colorado and beyond. Now, the debut suite of products to be developed and marketed by the JV is approaching its launch date.
“We’re planning to roll out four new edible products to start,” said GTSO CEO Wallace W. Browne. “Our initial focus will be on Colorado and other U.S. markets, but thanks to this recent ruling, Canada is now officially a part of our plans, as well.”
GTSO has already begun to acquire and develop new assets and partnerships to capitalize on emerging opportunities in the rapidly growing North American cannabis industry. The company formed its joint venture with cannabis edibles developer Elevated Industries in order to deliver new products tailored to cannabis businesses and consumers. The company will continue to scout for new opportunities to acquire the “next big thing” in North America’s next big industry.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc., which provides business support, delivery system products and horticultural technology support, continually introduces new products and services, enabling it to compete alongside GW Pharmaceuticals (OTCBB: GWPRF), INSYS Therapeutics, Inc. (NASDAQ: INSY) and ENDEXX Corp. (OTCBB: EDXC) and others in a booming industry expected to be $10 billion by 2018. A growth-oriented company, Green Technology Solutions Inc. (GTSO) explores the fast-growing cannabis market for resources, including but not limited to rare earth elements, precious metals and herbal supplements. For more information, visit www.gtsoresources.com/investors.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Green Technology Solutions, Inc.
Wallace W. Browne, 408-432-7285
President and CEO
Source: Business Wire (June 18, 2015 – 9:51 AM EDT)