GenTech Announces Official Launch in $2B CBD Market with First US Location
May 29 2019 - 08:00AM
InvestorsHub NewsWire
GenTech Announces
Official Launch in $2B
CBD Market with First
US Location
NEW YORK,
NY --
May 29, 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 the establishment of final
lease negotiations for its first CBD coffee shop
location, with a
five-year lease now under review. The negotiation comes as part of
an aggressive multi-week process during which the Company expects
to confirm the towns chosen for its first three
locations.
"We have been all over the East
Coast during the past couple
weeks,
working to nail down our initial locations," noted David Lovatt, CEO of
GenTech. "We
first went to Miami, FL, in the trendy Wynwood area, then to
Montclair, NJ, a wealthy suburban haven for professionals from New
Jersey and New York. From there, we headed to SOHO and Williamsburg in New
York – both extremely trendy, high-volume locations.
The process has
been highly productive, and we should have firm contractual
commitments in place very soon, which will set in motion the most
exciting steps of this strategy."
Management notes
that the Company is now in a position to begin work on securing at
least one location over the very near term, with several others
likely to follow.
The GenTech media team was
also
a part of the
process, and the Company plans to release footage in the form of "video blogs" of the Company's likely store
locations to give
shareholders a clear sense of the process in
motion and the rare quality of the locations being considered as
initial Healthy Leaf CBD Coffee Shop
sites. Shareholders are encouraged to
search Facebook™ or Twitter™ for @gentechleaf or visit the company's YouTube
Channel at https://tinyurl.com/gentechleaf
"The Healthy Leaf pivot is
moving at an extremely fast clip at this point," continued Mr.
Lovatt. "We are on the verge of nailing down our initial locations
imminently, we expect to unveil our initial branding designs within
the next week, the new website will be completed and unveiled
within the next two weeks, and all of this will be transparently
accessible to shareholders and the wider investment audience in
real time as it unfolds."
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
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