Green Technology Solutions Inc (OTCMKTS:GTSO) has decided to sign a letter of intent to acquire controlling rights in Elevated Industries, its joint venture partner.
Green Technology Solutions is one of the leading cannabis-based edible recipes suppliers in North American market. The company is based out of Canada and runs its operations in different parts of the country. It is better known for developing and licensing a host of edible recipes in all those jurisdictions where cannabis is legally available.
Insights on The Matter:
Due to an outbreak in demand of cannabis-based products, Green Technology Solutions decided to target North American market, thus partnered with Elevated Industries to ensure a hassle-free experience. The primary objective of this partnership was to tap new customers in this market and offer them personalized cannabis products. Over time, Elevated Industries gained its momentum and now getting ready to launch its product suite in Colorado and other markets. Green Technology doesn’t want to miss out this opportunity; hence, the company is planning to take Elevated Industries in-house.
The senior management of Green Technology Solutions Inc (OTCMKTS:GTSO) is delighted to make this announcement and feels that this step will write new success story for the company in the coming months. According to Wallace W. Browne, CEO, Green Technology Solutions, the company is looking forward to expanding in growing North American market. And for this, Green Technology needs a strong local support. With the help of Elevated Industries, it will become easier for the company to leave a significant impact on North American customers.
In 2014, more than 5 million edible products were sold in Colorado market, and there are strong chances for this number to go up in 2015. There is a huge scope for it to provide effective tool to take care of consistency, potency and safety of edible products. Elevated Industries has a solid grip on the local market; hence, this association will bring long-term results.
