GenTech Enters $19bn Coffee Capsule Market with Nespresso® Compatible CBD-Infused Coffee Subscription Package
2020年1月21日 - 10:00PM
InvestorsHub NewsWire
GenTech
Enters $19bn Coffee
Capsule Market with Nespresso®
Compatible CBD-Infused Coffee Subscription
Package
NEW YORK, NY --
January 21, 2020 -- InvestorsHub NewsWire
-- GenTech Holdings, Inc. (OTC
PINK:
GTEH) ("GenTech" or the "Company"), an
emerging leader in the high-end CBD food and drinks marketplace,
is excited
to announce the upcoming launch of the Company's new line of
Nespresso®
compatible
CBD-infused &
non-CBD-infused premium
coffees into the Company's existing
Secret
Javas
program.
"We
couldn't be more excited about this package as a rapid
contributor
to strong
top-line
growth," commented David
Lovatt, CEO of GenTech.
As previously
outlined in the Company's press release dated December
2,
2019,
GenTech's
new "Secret Javas"
high-end coffee subscription package, with both CBD and non-CBD
versions of each delicious flavor, includes a supply of three (3) pounds of
coffee each month. Two of the coffees will be
selected by the customer, who is invited to mix and match blends
from a menu of top-quality roasts, including standard roast, dark
roast, CBD, and non-CBD types. In addition to these, the Company
will select and ship a third coffee variety for the customer each
month from its "Secret Javas" list.
This package will
now be made available in capsile form. In addition, as a
promotional offer, the first 500 customers to sign up and pay for
an annual subscription plan for GenTech's Secret Javas
Nespresso®
compatible
package will each
receive a complimentary coffee
machine.
Management notes
that recently published research (via Fior Markets) sees the Global Coffee Pod and Capsule
market roughly doubling from 2017 to 2025, growing into a $29
billion total market over that period.
Lovatt continued,
"The coffee capsule market continues to show explosive growth,
which lines up with the explosive growth we continue to see in the
CBD-infused products marketplace. This strategy positions us to
capitalize on those core trends while also diversifying our target
market, which should reduce volatility of performance over
time."
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)
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