GTSO Develops Flexible Solution to Lab Shortage Crisis

SAN JOSE, Calif.--()--The historic boom in biotechnology over the past few years has driven up demand for laboratory space in the nation’s hottest markets, sending rents soaring and vacancy rates plummeting. Green Technology Solutions, Inc. (OTCBB: GTSO) is working on new solutions to help ease the scarcity.

“The explosion in demand for laboratory space driven by the biotech sector has had a ripple effect across a number of industries,” said GTSO CEO Wallace W. Browne. “Out West, especially, startups and smaller businesses are having difficulty securing the lab space and services that they need to operate. Our company is taking steps towards a possible solution to that problem.”

GTSO is currently working to bring new lab facilities online in a market where the shortage is keenly felt: Colorado. There, growers and retailers in the cannabis industry must now deal with long wait times and rising costs to have their products tested for potency and contamination.

GTSO is seeking out a new permanent location in Colorado for the Class 5 clean room it acquired earlier this year. The clean room is a germ- and pest-free environment where lab technicians can reliably subject cannabis products to scientific and reproducible protocols for testing.

The company is working fast to get the new lab up and running as quickly as possible as demand continues to rise. By establishing a working lab in Colorado capable of testing and demonstrating cutting-edge cannabis products, GTSO expects to help the growing number of cannabis professionals in the U.S. refine their offerings and guarantee product purity and consistency to their customers. The clean room was acquired without a commitment for lease, which was a key consideration for making the deal.

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 (GWPRF), INSYS Therapeutics, Inc. (INSY) and ENDEXX Corp. (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.

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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, 832-570-3367
President and CEO
info@gtsoresources.com

Release Summary

GTSO Develops Flexible Solution to Lab Shortage Crisis

Contacts

Green Technology Solutions, Inc.
Wallace W. Browne, 832-570-3367
President and CEO
info@gtsoresources.com