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.
About
GarbHut
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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