• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

A Look at the Next Big Cannabis Holdings Company to Hit the TSX-V

March 26, 2018


With the recent news of Cronos Group Inc. (TSXV:MJN) (NASDAQ:CRON) uplisting from the OTC markets, to Nasdaq for the U.S listing of the company's shares, many investors have been scrambling to find the next big holdings company with multiple ACMPR license holders under its umbrella that isn't trading at over $8.00+ USD per share.


When looking around, one might come across a privately held Canadian company named GreenTec Holdings LtdGreenTec is based out of Kelowna, British Columbia, and it's business model is to, "identify and consolidate licensed producers of craft cannabis brands, which GreenTec believes will be the purveyor to the retail market in Canada and internationally."


The company currently has six wholly owned subsidiaries:



GreenTec recently increased the total size of it's private placement from $6,000,000 CAD, up to $7,800,000 CAD. The offering was done through the sale of "Subscription Receipts" to accredited investors, with each subscription receipt being sold for $1.50 CAD each. 


Each one of the aforementioned subscription receipts would entitle the holder to one unit of GreenTec consisting of one common share of the company's stock and one-half of one common share purchase warrant, with each underlying warrant being exercisable into one common share at a price of $2.50 CAD. These warrants would expire after a period of 24 months. 


GreenTec Holdings Ltd. and Black Birch Capital Acquisition III Corp. (TSXV:BBC.H) announced this recently that Black Birch will acquire all of the issued and outstanding shares of GreenTec. Allowing Greentec to reverse merger into the TSX Venture exchange listed capital pool company. As part of the transaction Black Birch’s outstanding common shares will be consolidated on a twelve for one basis. Shareholders of GreenTec will receive Black Birch Shares in exchange for their common shares of GreenTec at a 1:1 ratio.


As news on GreenTec develops, we will make sure to cover it here on The DMO. Only time will tell whether the company has the ability to compete on a global scale with the stiff competition from the major licensed producers like Aurora, Canopy, and MedReleaf up in Canada today.


To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, and Instagram!





Please reload

Please reload

Please reload


© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.