Canada’s Countrywide Legal Cannabis Use Primed for GTSO Penetration Into Ancillary Market
October 30 2014 - 06:21AM
Business Wire
With sizable gains expected in Canada’s fast-growing medical
cannabis industry following approval of industrial cultivation,
Green Technology Solutions, Inc. (OTCBB:GTSO) CEO Wallace W. Browne
is targeting partnership opportunities in the country’s ancillary
products and services space to gain an early foothold in a market
on the verge of exploding.
“Canadians are already high-volume medicinal cannabis users, and
with industrial cultivation approved and officials intimating that
the herb may soon be legalized for recreational use, Canada
immediately becomes a potential global market leader for ancillary
products and services in the cannabis industry,” Browne said.
“Canada is one of the few countries in which medicinal cannabis is
legal nationwide and where licensed operators can mass produce it.
GTSO is currently investigating potential partnership opportunities
with Canadian-based medicinal cannabis service providers that could
bring significant return on investment.”
Earlier this year, Health Canada permitted individuals and
companies to possess and hold production licenses for the personal
and commercial use of cannabis. Estimates are that 500,000
Canadians already use cannabis for medicinal purposes, and that the
legal marijuana supply industry could produce approximately $1.3
billion in annual revenues by 2024.
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 Cannabis Sativa, Inc. (OTCBB:CBDS), Terra
Tech Corp. (OTCBB:TRTC), Agritek Holdings, Inc. (OTCBB:AGTK),
Medbox, Inc. (OTCBB:MDBX) and others in a booming industry expected
to be $10 billion by 2018. A growth-oriented company, Green
Technology Solutions, Inc. (OTCBB: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, please visit
http://www.gtsoresources.com/investors.html.
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Green Technology Solutions, Inc.Wallace W.
Browne, 408-432-7285President and
CEOinfo@gtsoresources.com