SAN JOSE, Calif.--(BUSINESS WIRE)--As Green Technology Solutions, Inc. (OTCBB: GTSO) continues its new path in the prolific U.S. cannabis market, the Company announced today it has finalized a letter of intent (LOI) to partner with an emerging innovator in the rising cultivation industry.
By signing an LOI with Mother Parker’s Soil, a cutting-edge horticultural company that utilizes the latest technological advances to provide consumers with state-of-the-art organic-based soils, GTSO forms a strong partnership as it adds innovative companies to its growing portfolio. With industry analysts forecasting the U.S. cannabis market to reach $10 billion within the next five years, the partnership with Mother Parker’s Soil offers GTSO the opportunity to capitalize on one of the fast-growing industry’s ancillary markets.
“We believe the innovative products Mother Parker’s Soil provides will change the financial landscape of this market and offer significant return on investment,” GTSO CEO Wallace W. Browne said. “We are extremely excited to announce this partnership and the revenue potential this deal provides.”
With 23 states and the District of Columbia permitting the use of medical cannabis, and Colorado and Washington allowing for recreational use of the herb, the U.S. medical cannabis industry is considered by market analysts to be a growth market that will continue to build sustainable momentum.
Green Technology Solutions, Inc., plans to introduce new products and services that will enable it to compete in a booming marketplace alongside Cannabis Sativa, Inc. (OTCBB: CBDS), Terra Tech Corp. (OTCBB: TRTC), Agritek Holdings Inc. (OTCBB: AGTK), Medbox, Inc. (OTCBB: MDBX) and more.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. is a growth-oriented company exploring the growing market for resources, including but not limited to rare earth elements, precious metals and herbal supplements. For more information, please visit http://www.gtsoresources.com/investors.html.
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