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GTII - Global Tech Industries Inc News Story

$0.021 -0.0  -4.5%

Last Trade - 12/08/20

Micro Cap
Market Cap £3.36m
Enterprise Value £6.73m
Revenue £n/a
Position in Universe 5889th / 6403

GTII hopes to expand into the growing Cannabis-related Healthcare Industry

Wed 19th September, 2018 2:37pm
GTII hopes to expand into the growing Cannabis-related Healthcare Industry

New York, NY., Sept. 19, 2018 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (PINK: GTII), (“GTII”), a Nevada corporation, having been tasked at a recent Board of Directors meeting to explore the potential for creative partnerships in the growing cannabis-related healthcare field, is now actively seeking and pursuing such opportunities. Mr. David Reichman, CEO and Chairman of GTII, expressed confidence that this move could be in the best, long-term interest of the Company. “One of our bedrock interests has long been in the global healthcare market. We believe that cannabis, especially as it relates to pain management and other chronic diseases, presents an unprecedented opportunity for us to get involved at the foundational level with companies in need of capital and guidance. Our Medical consultant group explored and reviewed the possible application of transdermal technology for drug delivery with one potential partner and they are very excited about this opportunity. The Company has since been in discussion with them for the past several weeks and we look forward to continuing the conversation. At the same time, we are on the lookout for additional opportunities.”

Global Tech Industries Group, Inc. (GTII) is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties and proprietary systems in the bioscience, clean tech, and global health industries, as well as interests in energy-related businesses, and restaurant services. For more information on Global Tech Industries Group, Inc., please call 212.204.7926, see our website:

This press release includes "forward-looking statements" 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. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates", “projects” "will", or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.

Mr. Mike King of Princeton Research Inc.

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