GTEC Holdings Ltd. (TSX-V: GTEC) is pleased to announce that wholly owned subsidiary Zenalytic Laboratories ("Zen Labs") has completed its on-site inspection with Health Canada to become a Licensed Dealer, under the Narcotic Control Regulations of Canada.
On June 26th, 2018, Health Canada's Regional Regulatory Compliance & Enforcement Team was on-site for a scheduled inspection of Zen Labs' facility located in Kelowna BC. The purpose of the inspection was to confirm that Zen Lab's security plans met Health Canada's Directive On Physical Security Requirements, and that all the necessary Standard Operating Procedures, Document Control, Record Keeping and any other key factors pertaining to Zen Labs receiving its final license have been met.
On May 23rd, 2018 and June 25th, 2018, GTEC had previously announced that this inspection was to satisfy the Directive on Physical Security Requirements only, and that "Zen Labs expects a follow up inspection on implementation of its instruments, SOP's, record keeping and analytical processes before being granted its final License". However, during the on-site inspection, Health Canada has confirmed, that a follow up inspection will not be required and this would be the only inspection conducted prior to issuing a license.
Given that Zen Labs consists of an experienced and qualified team, complemented by the regulatory support and gap analysis from Cannabis Compliance Inc, the company anticipates that a final license will be granted by Health Canada within a timely manner. If the license is approved, Zen Labs would be authorized to possess, transport, analyze and conduct research & development with cannabis. Furthermore, upon final licensing approvals, Zen Labs intends to apply for amendments to the license to further conduct other activities relating to cannabis.
"As we strive to establish ourselves as a leading vertically integrated company, this puts GTEC and its group of companies, one step closer towards reaching this objective." said Norton Singhavon, Chairman & CEO of GTEC Holdings. "Obtaining a Licensed Dealer will allow for GTEC to control the entire process of cultivation, extraction and quality assurance, internally with full accountability through the eco-system we have worked diligently to create"
Zen Labs is also pleased to announce the hiring of Lasoi Ketere. Ms. Ketere has joined Zen Labs as Qualified Person In-Charge ("QPIC"). Ms. Ketere has past experience with analytical chemistry and organic hydrocarbon extractions. Prior to joining Zen Labs, Ms. Ketere was QPIC and RPIC at Medisca Pharmaceutique Inc, a global leader in providing pharmaceutical compounding chemicals and products. Where Ms. Ketere was responsible for ensuring Health Canada Regulations were met, and oversaw import/export applications to the Office of Controlled Substances. Ms. Ketere was also in-charge of the company's controlled substances department adhering to Good Manufacturing Practices ("GMP") guidelines. Her experience with highly regulated controlled substances, and Health Canada's regulatory processes will benefit Zen Labs and the GTEC group of companies tremendously.
Fore information about the Narcotic Control Regulations, please visit Health Canada's website on Narcotic Control Regulations under the Controlled Drug and Substances Act.
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