Kelowna, BC – June 4, 2018 – GreenTec Holdings Ltd. (“GreenTec”) and Black Birch Capital Acquisition III Corp. (TSXV: BBC.H) (“Black Birch”) are pleased to announce that the company has been selected to apply for a cannabis retail permit by the Saskatchewan Liquor and Gaming Authority (SLGA).
GreenTec’s retail applications were done in partnership with the Battleford Agency Tribal Chiefs Inc. (BATC). The GreenTec – BATC partnership was successful in acquiring the right to apply for a retail cannabis store in Nipawin, Saskatchewan.
“We’re proud to have established a foothold in the Saskatchewan retail cannabis market” said Norton Singhavon, CEO, GreenTec Holdings Ltd. “We anticipate that this development will facilitate both our traditional and on-line retail efforts in the province of Saskatchewan. Furthermore, we believe that this puts GreenTec one step closer to achieving its objective of full vertical integration.”
Over 1,500 applications were made for 51 retail cannabis permits in the province of Saskatchewan. A two-stage process included an initial screening to qualify applicants, followed by a random selection from amongst the qualified applicants. The successful applicants now have 45 days to begin their permitting process.
GreenTec was founded in 2017 to capitalize on opportunities in the nascent and rapidly growing legal cannabis industry. GreenTec is a private corporation based in Kelowna, British Columbia. GreenTec is focused on growing premium quality craft cannabis in purpose-built indoor facilities. GreenTec currently holds a 100% interest in GreenTec Bio-Pharmaceuticals Corp., Grey Bruce Farms Inc., Zenalytic Laboratories Ltd., Falcon Ridge Naturals Ltd., Alberta Craft Cannabis Inc. (formerly Grenex Pharms Inc.), and Tumbleweed Farms Corp.