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GTSO Signs LOI To Expand Interest In Global MMJ Market

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Submitted by Marijuana News on Wed, 06/24/2015 - 08:00
SAN JOSE, Calif., -- Green Technology Solutions, Inc. GTSO, -2.27% announced today that the company signed a letter of intent to acquire all or a controlling interest in its joint venture partner, Elevated Industries.

Elevated Industries is a Canada-based company poised to become a dominant supplier of cannabis-based edible recipes in the booming North American marketplace. The company creates and licenses edible recipes that are available in jurisdictions where the sale of cannabis-based products is legal. Due to an explosion in demand for cannabis edibles, GTSO has made penetrating this fast-growing market a top priority, and formed a joint venture with Elevated Industries last year in order to deliver new products tailored to increasingly sophisticated cannabis businesses and consumers.

With Elevated Industries’ product suite now ready to launch in Colorado and other top markets, GTSO will explore the possibility of bringing the...

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URL: 
http://www.marketwatch.com/story/gtso-signs-loi-to-expand-interest-in-global-mmj-market-2015-06-23

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