GTSO: Edibles Recall Highlights Need for Newer, Better Cannabis Solutions
SAN JOSE, Calif.–(BUSINESS WIRE)–As demand grows for greater precautions and regulations in the booming
U.S. cannabis industry, products in Colorado were recalled this week due
to contamination by potentially harmful pesticides used during
cultivation. Green Technology Solutions, Inc. (OTCBB: GTSO) is working
to market and develop new technologies to calm consumer anxieties and
help avoid such costly recalls in the future.
Almost 30,000 packages of cannabis-infused edibles were recalled
voluntarily in Colorado because independent tests found they contained
potentially dangerous pesticides that are not approved for use on
cannabis crops.
The latest recall is not the first time that cannabusinesses have
struggled to meet state regulations regarding the use of pesticides in
Colorado. In October, two cultivation facilities in Denver recalled a
wide range of products after tests uncover pesticide residues. GTSO is
preparing new solutions to help growers, retailers and customers
eliminate potential concerns and contamination.
“The keys to solving this issue are rigorous and affordable testing as
well as new alternatives to smoking or consuming the plant,” said GTSO
CEO Wallace W. Browne. “That’s what we’re focusing on in the Colorado
market at the moment.”
Earlier this year, GTSO acquired a Class 5 clean room where lab
technicians can subject cannabis products to scientific testing
protocols in a germ- and pest-free environment, ensuring that retailers
and customers alike know exactly what’s in their cannabis edibles and
other products. The company is also working to develop a transdermal
cannabis patch—a breakthrough treatment option that could eliminate many
of the concerns associated with potential pesticide contamination.
As the demand for cannabis continues to grow across the nation, GTSO
plans to keep building new tools to help wholesalers and retailers
guarantee their products’ potency, consistency and safety in an
increasingly competitive marketplace.
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.
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.
Contacts
Green Technology Solutions, Inc.
Wallace W. Browne, 408-432-7285
President
and CEO
info@gtsoresources.com
