Sept 4 (Reuters) - GTEC Holdings Ltd GTEC.V :
* PRESS RELEASE - GTEC SUBSIDIARY CANNABIS COWBOY ANNOUNCES THE SALE OF CERTAIN ASSETS AND $4 MILLION DEBT REPAYMENT TO GTEC
* GTEC HOLDINGS - UNIT HAS SIGNED A DEFINITIVE AGREEMENT TO SELL ASSETS RELATING TO 8 OF ITS NON-OPERATIONAL RETAIL STORE LOCATIONS TO FIRE & FLOWER INC.
* GTEC HOLDINGS - ITS 25% OWNED UNIT, CANNABIS COWBO HAS SIGNED A DEFINITIVE AGREEMENT TO SELL ASSETS RELATING TO 8 OF ITS NON-OPERATIONAL RETAIL STORE LOCATIONS
* GTEC HOLDINGS LTD - DEAL FOR $5.7 MILLION WITH $4.5 MILLION PAYABLE IN CASH AND, $1.1 MILLION PAYABLE IN COMMON SHARES OF FFHC
* GTEC HOLDINGS LTD - UPON CLOSING OF TRANSACTION, CCI WILL IMMEDIATELY SETTLE ITS OUTSTANDING DEBT TO GTEC IN SUM OF $4 MILLION DOLLARS
* GTEC HOLDINGS LTD - GTEC WILL RETAIN ITS 25% EQUITY STAKE IN CCI, WHICH UPON CLOSING OF TRANSACTION
* GTEC HOLDINGS LTD - GTEC WILL HAVE 16 LOCATIONS REMAINING WITH MUNICIPAL DEVELOPMENT PERMITS ISSUED IN PROVINCE OF ALBERTA