GTEH Set to Buy GarbHut Assets and Enter in the Billion USD Hemp Sector, GTEH has a Low float and great chart to match
New York, NY -- March 27, 2019 -- InvestorsHub NewsWire -- Corporateads.com -- GTEH GenTech, Inc (USOTC: GTEH) announced that has signed an LOI to acquire the assets of GarbHut, an apparel company in the Hemp Space.
CEO, David Lovatt, recently commented that "We are now in the Hemp Sector" and with the acquisition of these assets, he added to that comment with "I am so excited to be able to get started on building our brand and this acquisition will really go a long way towards that aim by bringing on board not only the great assets that GarbHut has at its disposal, but also the talent and bandwidth that this acquisition will bring with it. We will be able to attend events and festivals to build our brand awareness and reach now which is crucial. The development of an online e-store will commence after the acquisition is expected in May and it will really be something special for us to offer."
Take a look at some of the hot Hemp/Cannabis sector and apparel companies to get an idea of the market GTEH has entered into. Martha Stewart has just been retained by Canopy Growth Corporation (NYSE:CGC) to advise the company and help them venture into additional hemp and cannabis directions, many of the clothing products produced in the hemp and cannabis space will be made from HEMP as well. HEMP (USOTC: HEMP), Abercrombie & Fitch Co. (NYSE:ANF) are all good bets to join this space. It could be a good time to accumulate GTEH in anticipation that the News release yesterday means they are ready to enter the Apparel, Cannabis and Hemp space together. https://cryptopotato.com/martha-stewart-to-help-canopy-growth-cgc-develop-cannabis-lifestyle-brands/
GenTech announce recently their intention to continue to build a strong Board that can go that drive the company into and the CBD oil and products space; all under their own brand. The Company is expecting to continue its already laid-out path and to start unveiling it's branding in early April and to be announcing additional expert Board members by June.
About GenTech Holdings, Inc.
GenTech Holdings, Inc. is an alternative reporting company on the OTC:US market, trading under the symbol GTEH. With a history in developing games and apps for mobile and PC's in the entertainment industry, GenTech Holdings, Inc. is currently branching out into alternate revenue streams and are starting to roll out their Hemp Strategy.
Garb Hut was formed in 2016 to capitalize on the unprecedented growth of the cannabis market by offering a variety of 'sector specific' themed apparel and accessories brands, including 420 Approved, 420 US, 420 Hers, 420 His and United 420 States.
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