GTEC Holdings Ltd. (TSXV: GTEC) (the "Company"), formerly Black Birch Capital Acquisition III Corp. (TSXV: BBC.H), is pleased to announce that it completed its previously announced business combination (the "Transaction") between the Company and GreenTec Holdings Ltd. ("GreenTec"). In connection with the Transaction, the Company consolidated its common shares on the basis of one post-consolidation share for each 12 pre-consolidation shares (the "Consolidation") and changed its name to "GTEC Holdings Ltd.".  The Transaction will constitute the Company's "Qualifying Transaction" pursuant to the rules of the TSX Venture Exchange (the "Exchange") and the Company will carry on the business of GreenTec. The focus of the Company's business going forward will be growing, marketing and retailing cannabis in Canada.

The Company acquired all of the issued and outstanding shares of GreenTec through a three-cornered amalgamation involving a wholly-owned subsidiary of the Company and GreenTec. Pursuant to the Transaction, the Company issued to the shareholders of GreenTec an aggregate of 84,560,646 Common Shares. With the completion of the Transaction, the Company has 85,741,541 Common Shares issued and outstanding (on an undiluted basis).

Minden Gross LLP acted for GreenTec, with a team lead by Andrew Elbaz (Partner) – Securities and Capital Markets, Sasha Toten (Associate) – Securities and Capital Markets, and Matt Maurer – Cannabis Law.