Source: Green Technology Solutions, Inc. Press Release, March 6 2015

Cannabis technology innovator Green Technology Solutions, Inc. (OTCBB: GTSO) announced a bold new acquisition today poised to dramatically boost the number and effectiveness of the testing and demonstration services that the company will offer to the rapidly rising U.S. cannabis industry. This week, GTSO acquired a Class 5 clean room in Colorado that will serve as a center for hygienic testing and quality control services to cannabis growers and retailers.

“This lab-classified clean room is a germ- and pest-free environment where we can reliably test cannabis products for contamination, potency and breeding,” said GTSO CEO Wallace E. Browne. “We’ll also be able to demonstrate new, environmentally friendly alternatives to pesticides and harsh cleansers used in the industry. These are valuable, novel services in a fast-growing industry that currently has difficulty guaranteeing their products to consumers.”

By acquiring a working lab capable of testing and demonstrating 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 company is currently evaluating its options for the location of the facility. The clean room was acquired without a commitment for lease, which was a key consideration for making the deal.

GTSO has already acquired emerging horticultural innovator Mother Parker’s Soil and formed a joint venture with cannabis edibles developer Elevated Industries in order to deliver new products tailored to cannabis businesses and consumers. The company will continue to scout for new opportunities to acquire the “next big thing” in America’s next big industry.

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.

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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
[email protected]

Copyright Business Wire 2015

 

Source: Business Wire (March 6, 2015 – 9:00 AM EST)News by QuoteMedia
www.quotemedia.com