Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

GTEC Holdings Ltd. (V:GTEC)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1632 Dickson Ave Suite 335
KELOWNA BC V1Y 7T2
Tel: N/A
Website: https://www.gtec.co
IR: See website
Key People
Norton Singhavon
Chairman of the Board, Chief Executive Officer
Kendra Blackford
Interim Chief Financial Officer
David Lynn
Chief Operating Officer
David Buckle
Vice President - Operations
Michael Blady
Vice President, Director
Lawrence Law
Global Marketing & Branding Director
Stefan Sarachie
Director of Quality Assurance
   
Business Overview
GTEC Holdings Ltd, formerly Black Birch Capital Acquisition III Corp, is Canada-based company that is engaged in the alternative medicine sector. GTEC Holdings Ltd is comprised of a number of cultivation facilities under Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). GTEC Holdings Ltd is focused on growing craft cannabis in purpose-built indoor facilities. The Company holds interest in GreenTec Bio-Pharmaceuticals Corp., Tumbleweed Farms Corp., Falcon Ridge Naturals Ltd., Alberta Craft Cannabis Inc., formerly known as Grenex Pharms Inc., Grey Bruce Farms Inc., Zenalytic Laboratories Ltd. and Spectre Labs Inc. GreenTec Bio-Pharmaceuticals Corp is the Company's flagship subsidiary.
Financial Overview
For the fiscal year ended 30 November 2019, GTEC Holdings Ltd revenues increased from C$58K to C$2.4M. Net loss before extraordinary items decreased 9% to C$9.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Consulting fees decrease of 72% to C$704K (expense), Listing fees decrease from C$1.7M (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $24.30M as of Feb 29, 2020
Annual revenue (TTM): $2.36M as of Feb 29, 2020
EBITDA (TTM): -$5.70M as of Feb 29, 2020
Net annual income (TTM): -$9.57M as of Feb 29, 2020
Free cash flow (TTM): -$15.49M as of Feb 29, 2020
Net Debt Last Fiscal Year: $4.66M as of Feb 29, 2020
Shares outstanding: 126,686,000 as of Nov 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization