GTEC Holdings Issued Dealer's License from Health Canada

Published: July 16, 2018

GTEC Holdings Issued Dealer's License from Health Canada

GTEC Holdings Ltd. announced that its wholly owned subsidiary Zenalytic Laboratories received its Dealer’s License from Health Canada on July 13, 2018.

On June 26th, 2018, Health Canada’s Regional Regulatory Compliance & Enforcement Team was on-site for a scheduled licensing inspection at Zen Labs. The Zen Labs Dealer’s License was issued 17 days later pursuant to the provisions of the Controlled Drugs and Substances Act – Narcotic Control Regulations. Accordingly, Zen Labs is now classified as a Licensed Dealer.

Zen Labs is now authorized to perform analytical testing on cannabis and specific cannabinoids. In addition, Zen Labs intends to apply for amendments to the license to further conduct other activities relating to cannabis.

“Obtaining a Dealers License is a major step forward for the GTEC group of companies,” said Norton Singhavon, Chairman & CEO of GTEC Holdings. “The Dealers License will play a key role in allowing GTEC to achieve greater control of its cannabis production supply chain. We are extremely pleased that the turnaround time with Health Canada was only 17 days from the initial inspection.”