Winston Resources Inc (CNSX:WRW) updated that GT Therapeutics has launched new vaporizers for the cannabis market. The first one is named the ‘Slim Vape’ while the other one is called ‘Variable Vape’. GT Therapeutics and Winston finalized a letter of intent, wherein the former firm will be acquired by latter in the coming period. It is going to be a reverse merger, and Winston will acquire 100% stake in GT. This deal was finalized back in February 2017.
As per the proposed deal, GT would become a subsidiary of Winston Resources and would leave its Pigeon River Property. The company’s latest product Slim Vape can be defined as a 3 piece vape boasting a removable mouthpiece and clear tank. It is small in size, which makes it light, useful and unique.
The device also has an internal battery with an easy to charge mode. However, the Variable Vape is a 2-piece atomizer, which permits consumers to alter and regulate the temperatures, depending on the requirement of cannabis oil. The firm has reported that this is to warrant that the best cannabis oil temperature can be touched.
Quinn Field Dyte, remarked on behalf of Winston Resources, that the cannabis future continues to remain in branding, ancillary offerings and concentrates. He reaffirmed that the latest offerings would ensure that they extend their foothold in the emerging cannabis market. Mr. Dyte claimed that these offerings boast most advanced, custom and functional designs.
Earlier, Winston Resources elected Michael Young to firm’s board. This move came after Sean Bromley placed his resignation, as director and CEO. Mr. Dyte will serve as the new CEO of the company. He is already a board member. Young has been offering remarkable executive management services to many firms, in distinct capacities.
In the last trading session, the stock price of Winston declined more than 11% to close at $0.700.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.