GenTech to Launch High-End CBD-Infusion Café Business in Upscale Northeast Town
June 03 2019 - 8:30AM
InvestorsHub NewsWire
GenTech to Launch
High-End CBD-Infusion
Café Business in Upscale Northeast Town
NEW YORK, NY
-- June 3, 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 its first
high-end CBD-Infusion café location in Montclair,
NJ, a
prominent upscale town roughly 11 miles from
Manhattan.
This will be the Company's first location in a series of high-end
CBD-infusion
café locations to be established over the near term as the Company
pushes aggressively into the $2B CBD market.
"After exploring a number of
possibilities, Montclair offers the best
demographic,
socio-economic, and cultural context for GenTech to kick off its
dominant
market positioning for the CBD-infused café market under the
Healthy Leaf
brand,"
commented David Lovatt, CEO of GenTech. "The town is home to a
population in excess of forty thousand, with extremely strong
median incomes, a perfect progressive cultural tone, and
exceptional consumer foot traffic patterns."
For a quick tour of Montclair,
NJ, please click here.
Management notes that Montclair
is a diverse
town with a liberal leaning, a town center that attracts huge numbers
of visitors
throughout the day, and a very vibrant
nightlife,
making it an
ideal location for The Healthy Leaf's prestigious
flagship
location.
"There's truly nothing else out
there like the Healthy Leaf vision," continued Mr.
Lovatt. "And Montclair will be the
perfect place to set this process in motion. I spent time there
with the team. The vibe was precisely what we were looking for. The
local flavor and the density of consumer traffic augur extremely well
for a Healthy Leaf location. A strong start will
grease the wheels,
allowing us
to expand faster, and beat our objective of
coast-to-coast reach within two years."
The Company expects to execute
an official lease for its Montclair location in the next ten (10)
days. The build-out will begin immediately after the execution of
the lease.
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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