GTEC Strengthens Balance Sheet with $4 million Loan Repayment and Enters into Agreement to Divest of Cannabis Cowboy Shares

Kelowna, BC, Oct. 08, 2019 (GLOBE NEWSWIRE) –Cannabis Cowboy completes the sale of certain assets to Fire and FlowerGTEC has received a $4 million loan payment, which will strengthen its balance sheetGTEC enters in an agreement to divest its 25% equity stake in Cannabis CowboyGTEC Holdings Ltd. (TSX-V:GTEC) (OTCQB:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”), is pleased to announce that pursuant to the sale of certain assets, as previously announced on September 4, 2019 (the “Transaction”), between Cannabis Cowboy Inc (“CCI”) and Fire & Flower Inc., a wholly owned subsidiary of Fire & Flower Holdings Corp. (“FFHC”) (TSX:FAF), that the Transaction has been completed.For additional information, please contact:
GTEC Holdings Ltd.

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