SAN JOSE, Calif.–(BUSINESS WIRE)– Cannabis technology innovator Green Technology Solutions, Inc. (OTCBB:GTSO) announced today that the company is close to securing a new permanent location for the Class 5 clean room it acquired earlier this month.
The clean room is a germ- and pest-free environment where GTSO can reliably test cannabis products for contamination, potency and breeding, among other measurable attributes. The multi-million-dollar asset was acquired by the company in order to begin offering scientific testing and quality-control services to the top cannabis cultivators and retailers in the U.S. Accordingly, GTSO is seeking out a new permanent home for the currently disassembled clean room in the state of Colorado, which is home to the most successful cannabis industry in the U.S.
“Our initial focus with the clean room will be on providing services to manufacturers in the cannabis edibles sector,” said GTSO CEO Wallace W. Browne. “It’s a fast-growing marketplace in which edibles makers are having difficulty guaranteeing the desired purity and potency of their products. We want to be able to offer facilities and services beyond anything else available in Colorado currently.”
By establishing a working lab in Colorado capable of testing and demonstrating cutting-edge cannabis products, GTSO expects to help the growing number of cannabis professionals in the U.S. refine their offerings and guarantee product purity and consistency to their customers. The clean room was acquired without a commitment for lease, which was a key consideration for making the deal.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc., which provides business support, delivery system products and horticultural technology support, continually introduces new products and services, enabling it to compete alongside GW Pharmaceuticals (OTCBB: GWPRF), INSYS Therapeutics, Inc. (NASDAQ: INSY) and ENDEXX Corp. (OTCBB: EDXC) and others in a booming industry expected to be $10 billion by 2018. A growth-oriented company, Green Technology Solutions Inc. (GTSO) explores the fast-growing cannabis market for resources, including but not limited to rare earth elements, precious metals and herbal supplements. For more information, visit www.gtsoresources.com/investors.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Green Technology Solutions, Inc.
Wallace W. Browne, 832-570-3367
President and CEO
Source: Green Technology Solutions, Inc.