GTEC Holdings Signs Product Co-Development and Marketing Agreement with Integrated Cannabis Company

Published: September 27, 2018

GTEC Holdings Signs Product Co-Development and Marketing Agreement with Integrated Cannabis Company

GTEC Holdings Ltd. announced the completion of a Letter Agreement to collaborate on cannabis spray products for the Canadian market with Integrated Cannabis Company Inc., a health and lifestyle products company utilizing advanced delivery systems and formulations including oral sprays.

The Agreement allows for the co-development and marketing of novel spray products, utilizing proprietary nanotization technology containing both Cannabidiol (CBD) and/or Tetrahydrocannabinol (THC) in the Canadian medicinal and recreational markets. The Agreement is subject to the implementation of federal legislation in Canada and corresponding provincial and territorial legislation that permits the distribution and sale of certain formats of cannabis products, including without limitation to sprays.

“We are very excited to be working with Integrated Cannabis and their unique line of the X-SPRAY™ products. As we continue to push towards positioning ourselves as a preeminent cannabis company it is critical to diversify our product offering with formulations that are both novel and offer alternative delivery methods,” said Mr. Norton Singhavon, CEO of GTEC.

Over the coming weeks, the companies will engage with their marketing and distribution teams to streamline the logistics of developing and ultimately introducing products to the Canadian marketplace.

“Partnering with a Canadian Licensed Producer has been a major goal of ours in order to facilitate the expansion of our product line into legal, established marketplaces. The GTEC team is an ideal partner given their status as a LP and their tenure in the cannabis industry which provides a great alliance for our innovative product line,” said Mr. John Knapp, CEO of Integrated Cannabis.

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