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Saturday, December 3, 2022

Waiting for Reversal on Green Technology Solutions Inc (OTCMKTS:GTSO)

Green Technology Solutions Inc (OTCMKTS:GTSO) seems to have found a bottom in the low $0.06’s where it has been trading for months now and Investors are hoping for a reversal of fortunes here.

Everyone remembers the spectacular rise this one made last year after the Company affected a 1 for 300 reverse stock split on September 2 the stock skyrocketed to an incredible $8.91 a share before coming back down.

Green Technology Solutions Inc (OTCMKTS:GTSO) provides business support, delivery system products and horticultural technology support, continually introduces new products and services, enabling it to compete amongst other post stocks ”in a booming industry expected to be $10 billion by 2018.”

According to GTSO MMJ Legalization movement, recreational legalization, massive and growing market, diverse services/products, clarity of vision, strong leadership, motivated team and industry growth could yield massive results.

Back in November the Company announced it has finalized the purchase of emerging horticultural innovator Mother Parker’s Soil, which utilizes the latest technologies in soil preparation to provide consumers with the highest-quality organic-based products.

”The partnership with Mother Parker’s Soil gives GTSO a fast-rising health and wellness company focused on supporting the medical cannabis industry with cutting-edge products, services and processes, provides access to the $390 million U.S. specialty soil market and enables the company to begin making its footprint in the $1.7 billion U.S. medical cannabis space, a market projected to eclipse $10 billion by 2018.”

GTSO said the rising cannabis industry in the United States, ancillary business is now exploding in Uruguay, the South American nation that legalized cannabis in 2013. Some experts are calling Uruguay’s reforms the dawn of a new, international cannabis industry.

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In October GTSO said it is developing a suite of new edibles products to capitalize on the rising popularity of edibles. But the company is also hard at work on innovative new packaging ideas designed to keep cannabis edibles safely away from children.

Key to GTSO’s packaging strategy is differentiation—helping parents and children alike easily tell the difference between food items containing THC and those without. The company is devising a new line of packaging options for cannabusinesses that are both child-proof and clearly marked to prevent any confusion or accidental ingestion.

On November 10 GTSO said they are hard at work developing and marketing new solutions for cannabis businesses across the country as the emerging industry continues to expand rapidly. On Monday, Illinois became the 23 [rd] state to open state-licensed dispensaries selling medical cannabis.

The new cannabis program in Illinois is good news for GTSO as the company works to help ensure that adults across the country have access to top-quality cannabis products. This summer, GTSO signed a letter of intent to acquire innovative cannabis edibles developer Elevated Industries in order to deliver new edible products tailored to increasingly sophisticated cannabis businesses and consumers in Colorado and other top markets.

CEO Wallace W. Browne said “Illinois is the latest state to embrace medical cannabis, but it won’t be the last. The explosive growth of this industry is unlike anything we’ve seen before. We’re working hard to deliver quality, reliable products to the patients and businesses who need them.”

When pot stocks heat up GTSO is one to watch especially from current price levels and there are many catalysts to suggest they will. Some to consider are Canada’s new prime minister promising legalization immediately, 6,000 non-violent drug offenders being released, Australia lifting ban on medical MJ and profits in Colorado growing at incredible levels.

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Currently trading at a $800,000 market valuation GTSO has minimal assets, rising short term debt and no revenues to date. But this is an exciting story developing in small caps; the Company is making big moves in the Cannabis products and support services and currently trades just a hair over all-time lows. When the sector heats up this is one to watch. We will be updating GTSO as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with GTSO.

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Disclosure: we hold no position in GTSO either long or short and we have not been compensated for this article.

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