GenTech Enters $19bn Coffee Capsule Market with Nespresso® Compatible CBD-Infused Coffee Subscription Package
NEW YORK, January 21, 2020 (GLOBE NEWSWIRE) — via OTC PR WIRE — 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 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 capsule 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’.
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.
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