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Off-market insider selling at GTEC Holdings (:GTEC)

Updated Friday Oct 19, 2018 01:44 AM EDT

Norton Singhavon, a Senior Officer, Director and 10% Holder, disposed of 526,315 Common Shares on a direct ownership basis at a price of $0.950 through a private transaction on October 17th, 2018. This represents a $499,999 divestment of the company's shares and an account share holdings change of -4.7%.

GTEC Holdings is in the Pharmaceuticals Sub Industry Group under the Healthcare Sector.

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. GTEC Holdings Ltd. (GTEC) has a high amount of executive buying compared to its small-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has divested a net amount of $499,999.

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