After the landmark verdict by the Supreme Court of Canada, Green Technology Solutions Inc (OTCMKTS:GTSO) is redesigning its market strategy to meet the needs of Canadian cannabis patients. It appears that GTSO is all set to rally from this point onward.
Earlier this month, the highest court in Canada struck down limits on what forms permitted forms of medical cannabis, effectively providing patients the right to own and consume cannabis derivatives like edibles. Green Technology watched the development closely, ready to include Canada to its roll out plans for a suite of edibles now under development.
The company formed a JV with cannabis edibles developer firm Elevated Industries in 2014 to offer new products made to meet the needs of growing cannabis businesses and consumers in state of Colorado and beyond. As per the report, the debut suite of edibles to be marketed and commercialized by the JV is approaching its release date.
The management comments
Mr. Wallace W. Browne, the CEO of Green Technology said that they are intending to introduce four new edibles to start. The initial focus will be on state of Colorado and other U.S. states, but thanks to recent Canada ruling, the management had decided to include Canada in its plans.
Green Technology Solutions Inc (OTCMKTS:GTSO) has already commenced to acquire and work on new assets and partnership deals to cash on emerging opportunities in the budding cannabis industry in the U.S. It took an important step and formed a joint venture deal with cannabis edibles developer firm Elevated Industries so as to offer new products customized to cannabis customers and businesses. The company will keep scouting new opportunities to buy the “next big thing” in next big industry.
In last trading session, the stock price of GTSO surged more than 2% to close the trading session at $0.390. The gains came at a share volume of 518,110 compared to average share volume of 97,391.
Update June23rd: Green Technology Solutions, Inc. (OTCBB:GTSO) announced today that the company signed a letter of intent to acquire all or a controlling interest in its joint venture partner, Elevated Industries.