|Bid||0.0850 x 0|
|Ask||0.0900 x 0|
|Day's Range||0.0850 - 0.0900|
|52 Week Range||0.0750 - 0.3050|
|Beta (5Y Monthly)||2.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
GTEC Holdings Ltd. (GTEC.V) (GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) is pleased to announce that Norton Singhavon, Founder, Chairman and CEO, has agreed to waive a portion of his entitlement to further payments (the “Payments Waiver”) in connection with GTEC’s acquisition of 1118157 B.C. Ltd. (“1118”), GreenTec Bio-Pharmaeuticals Corp. (“GBP”) and Grey Bruce Farms Incorporated (“GBF”). The Company has also secured agreements with certain other vendors of 1118, GBP and GBF to reduce their milestone entitlements and all vendors have agreed to increase the floor price of common shares in the capital of the Company (the “Common Shares”) to be issued in connection with milestone payments still payable.
GTEC Holdings Ltd. (GTEC.V) (GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) is pleased to announce that on March 13, 2020, it executed a non-binding term sheet with Trichome Financial Corp. (CSE:TFC) (“Trichome”) for a non-brokered senior secured debt financing (the “Financing”) of CAD $4,500,000 (the “Term Sheet”). The Term Sheet provides for a senior secured loan in the amount of $4,500,000 for a term of 24 months, with an annual interest rate of 9.5% to be paid monthly. Beginning on the date that is 12 months following the closing date, the Borrower shall also repay $100,000 of the outstanding principal amount each month until maturity.
GTEC Holdings Ltd. (GTEC.V) (GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) is pleased to announce that, with the aim to mitigate the dilution to shareholders resulting from the issuance of shares in connection with certain milestone payments, it has entered into an amending agreement on February 4, 2020 (the “Amending Agreement”) with the vendors of Tumbleweed Farms Corp. (“Tumbleweed”) amending certain terms and conditions of the definitive share purchase agreement, dated August 12, 2017, as amended (the “Tumbleweed SPA” and together with the Amending Agreement, the “Agreement”). Among other things, the Amending Agreement raised the floor price of the Common Shares to be issued in connection with the first four harvests to a deemed price per share equal to the greater of (A) the 5-day volume-weighted average trading price of the Common Shares ending on the day preceding this press release and (B) $0.18.