Zen Leaf Ribbon Cutting Ceremony

Zen Leaf Ribbon Cutting Ceremony

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Zen Leaf Ribbon Cutting Ceremony
October 23, 2020

The Zen Leaf Dispensary in conjunction with the El Dorado-Union County Chamber of Commerce held its ribbon cutting ceremony on Friday, Oct. 23.
The dispensary provides medical cannabis to certified patients only. Zen Leaf’s motto reads in part, “We believe cannabis is the most important medicinal plant on Earth, supporting human health, wellness and happiness,” according to the dispensary’s Facebook page. (Marvin Richards/News-Times)
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High-end cannabis producer GTEC states good income that is net

Kelowna, British Columbia-based GTEC Holdings reported net income from operations of 282,000 Canadian dollars ($223,600), reversing a net loss of CA$8.3 million in the previous year, according to full-year and fourth-quarter results released Wednesday.

GTEC’s net revenue for the year was CA$7.9 million, a increase that is substantial 2019’s CA$2.4 million.

On A basis that is quarterly GTEC’s adult-use sales grew steadily, ending the year with fourth-quarter CA$1.9 million in sales for the three months ended Nov. 30, 2020.

GTEC’s Positive income that is net in comparison to a lot of large-scale manufacturers in Canada which have reported huge amounts of bucks in losings in the last few years while they struggled to conform to an evolving market.

Some smaller manufacturers, regarding the other side, were in a position to concentrate their companies and pivot more gracefully.

In 2020, GTEC offered its final staying asset that is retail a strategic review.

“The company does not believe that it can achieve sustainable advantage that is competitive the retail cannabis area, contending against bigger rivals with a stronger existence in this sector,” GTEC noted in a disclosure.

The company’s shares are exchanged regarding the TSX Venture Exchange underneath the ticker sign GTEC.

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