Canada’s Countrywide Legal Cannabis Use Primed for GTSO Penetration Into Ancillary Market
October 30, 2014 at 06:21 AM EDT
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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