GenTech Expands Key Suppliers and Full Product List Ahead of Upcoming CBD Infusion Café and E-Commerce Launch
July 01 2019 - 9:30AM
InvestorsHub NewsWire
GenTech Expands Key Suppliers
and Full Product List Ahead of Upcoming CBD Infusion Café and
E-Commerce Launch
NEW YORK, NY -- July 1, 2019 -- InvestorsHub NewsWire
-- GenTech Holdings, Inc. (OTCMKTS:
GTEH) ("GenTech" or the "Company"), an
emerging leader in the high-end CBD food and drinks marketplace,
is excited
to announce approaching core supplier deals and an expanded product
offering as the Company prepares for a full launch of CBD product
sales through both its e-commerce and CBD-infusion café models
under the "Healthy Leaf" brand designation.
"With both CBD white label and
infusion suppliers now in advanced negotiations, we are finalizing
supportive product suppliers and we are happy to provide some
details for shareholders," commented GenTech CEO, David Lovatt. "Most importantly, the
process has been highly successful in terms of our top priority at
this stage: to gear our approach from the ground up to target the
high-end CBD niche. That mission puts a premium on strong deals for
truly best-of-breed accompanying products on our site and in our
Healthy Leaf Cafés."
Arte de Brasil has been selected as a
key
supplier already. They offer a range of super-premium coffee
and tea blends, with an emphasis on a premium
mild coffee variety. Management notes that
the Company
will be bringing their coffee in bulk
to its
US-based CBD-infusion center
for final
quality
testing to ensure a premium grade
CBD-infused final
product.
To complement this,
the Company
is also in final negotiations with a
different coffee
and tea supplier based in Columbia that offers a very strong
espresso-type bean. This secondary supplier also
offers flavoring and CBD-infusion on site in
Columbia, and they have agreed to ship a range of top-tier
flavored coffees both with and without CBD, granting GenTech a welcome degree of
optionality.
The Company is also nearing a finalized agreement with a
premier
cacao
grower based in
Brazil who
will supply the roasted cacao beans, fine
cacao
powder,
and
cacao butter that will serve as the basis for the Company's
premium chocolates and chocolate flavoring in both
CBD-infused and non-CBD products offered both on the
Healthy Leaf e-commerce hub and at Healthy Leaf Cafés across the
US.
Click here for a snapshot of the growing
list of high-end "Healthy Leaf Wellness" CBD-infused products now
set to be included as part of the approaching e-commerce and
café launch.
Mr. Lovatt continued, "The launch is well ahead of schedule at this point,
and I wanted
to share our excitement with the world,
and especially with our committed base of shareholders.
We are closing in
on something truly special. The analysts on Wall Street keep upping
the forecasts, and now the US Senate is getting involved to swing
the doors open even further. It's a good time to
be nearing a major
launch in the CBD space."
Finally, the Company wishes to applaud
the
"Cannabidiol
and Marijuana Research Expansion Act", a bill to encourage scientific and
medical research on marijuana and CBD, which was announced
by Senators
Dianne Feinstein (D-Calif.), Chuck Grassley
(R-Iowa), and Brian Schatz (D-Hawaii) on
Friday of last week. Management believes that, if anything can
ratchet up projections even further for the CBD market (recent
Statista research now projects $23 billion total CBD market size by
2023), it would be further support from the US Federal
Government.
About
GenTech Holdings, Inc.
GenTech Holdings, Inc. is a publicly
traded company under the symbol
GTEH. The company is creating a national chain of Hemp Centric
Coffee Shop Retail Spaces where patrons can relax, drink CBD
infused Teas and Coffees, try various own-brand products and
experience holistic education and classes. The company
is also building an extensive outreach program working with medical
practitioners across the country in their own locations to educate
their patients and increase awareness of the benefits of THC free
CBD Products. All of this is offered under the brand 'The Healthy
Leaf'.
Forward-Looking Statements
This
press release may
contain forward-looking statements, including information about
management's view of GenTech, Inc.'s future expectations,
plans and prospects. In particular, when used in the preceding
discussion, the words "believes," "expects," "intends," "plans,"
"anticipates," or "may," and similar conditional expressions are
intended to identify forward-looking statements. Any statements
made in this news release other than those of historical fact,
about an action, event or development, are forward-looking
statements. These statements involve known and unknown risks,
uncertainties and other factors, which may cause the results
of GenTech, its subsidiaries and concepts
to be materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on GenTech's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. GenTech cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, GenTech undertakes no obligation to
update these statements after the date of this release, except as
required by law, and also takes no obligation to update or correct
information prepared by third parties that are not paid for
by GenTech.
Corporate
Contact:
invest@gentech.group
www.gentechholdings.com
Press & Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626)
MJ-BRAND
GenTech (CE) (USOTC:GTEH)
Historical Stock Chart
From Sep 2024 to Oct 2024
GenTech (CE) (USOTC:GTEH)
Historical Stock Chart
From Oct 2023 to Oct 2024