GenTech Nears Launch of CBD-Infused Brand
with Exclusive Brazilian Coffee Supply Contract
NEW YORK, NY --
August 7, 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 signing of an exclusive
supply contract with world-renowned Brazilian coffee
cultivator, Arte Café ("Arte"), for its coming line of
premium coffees.
The exclusive contract
covers Arte's full range of premium
beans,
including Especia l, Gourmet, Laurina, and Organico. The
contract also includes a provision for a
special edition series of coffees that will be available
exclusively to customers of GenTech's Healthy Leaf branded line of
products and CBD-Infusion Cafés.
"Getting this detail right was
a big priority as we attack perhaps the fastest growing side of the
CBD market in the quarters ahead," commented David Lovatt, CEO of
GenTech. "The infusion café niche, we firmly believe, is the next
big shoe to drop in the CBD boom. We are out ahead of the curve in
terms of our positioning relative to that theme. We are also ahead
of the curve in terms of cornering the branding image as the
high-end CBD name. Getting a contract in place with Arte was
essential to maintaining both of those trajectories."
Management notes that the
timetable to a grand opening and full launch of the Healthy Leaf
CBD-Infusion Café as a consumer experience, both online in its
ecommerce aspect and as a physical lifestyle brand and café, has
been accelerated due to a series of fortunate developments related
to several negotiated steps.
Based on this
better-than-expected execution, as well as accelerating growth forecasts
from niche analyst firms
for overall CBD
market growth over coming quarters (Brightfield Group: 700% y/y in
2019, Fior Markets: $17B by 2026, BDS
Analytics/Arcview: $20B by
2024), the Company plans to further
accelerate its timetable for finalizing branding designs to
accommodate a near-term go-to-market process. As noted in prior
communications, the Company continues to lean heavily on
Oxygen
Graphics, a
top-tier global design firm based in the EU, to help
drive
a
product
synergy
between core quality and branding
design.
Mr. Lovatt continued, "We have been working day and
night over the past two months to bring this process into alignment
with our big-picture vision. That means we need the right beans and
the right way of presenting that experience to customers
to bring
them back
the next day and the day after that. Arte and Oxygen together
represent perfect pieces of that puzzle. And, based on our contract
negotiations, the Healthy Leaf is the only place on planet Earth
where you find that level of quality in a CBD-infused beverage
experience."
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