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. But they have not stopped there, they recently acquired high protein caffeinated and non-caffeinated products that generate over 2 million dollars in revenue in 2019! Those products are offered in GNC stores and distributed by Europa Sports in 10 countries. More insight details will be released on 11th June but this information is already provided to you sooner by the company’s choice.
GenTech Holdings Inc. vision is to enter the $275 billion dollar Powerfood market that increases its numbers every year exponentially. The consumer is switching from dumb food like McDonald’s to smart food that contains healthy and powerful ingredients that people need for their daily use, for example protein coffee!
They started off by selling CBD infused teas and coffee because of their success, they focus to add value to their brand and start to sell their products nationwide and in Europe. The Coronavirus has not stopped them from making numbers in their sales because of their awesome team that continued their work during this crisis by selling directly to consumers by Amazon and other online shops.
The recent acquisition that involves top 5 functional food brands hit $2.2 million in revenue in 2019 and this is what the CEO has to say about it:
“This acquisition has a tremendous synergistic element that enhances our current business model right now, with substantial revenues and a brand that vertically integrates perfectly in the GenTech model,” commented David Lovatt, CEO of GenTech. “Their CEO is a rock star in the space who has built something here with huge potential. It perfectly complements our identity as a high-end, gourmet brand model.”
Through its recent acquisition, a Company that wrote over $2 million in annual revenue in 2019, it has also acquired key relationships with top-tier talent that boasts over 20 years’ experience in international sales in the Sports Nutrition industry driving millions in sales spread across over 70 countries around the world. This includes frontline experience at powerhouses EAS and MusclePharm, and direct experience successfully marketing products to teams in the MLB, NBA, and NFL. This also includes A-level relationships with a wide network of distributors in the Midwest and California and notable top-selling industry performers distributing over the Amazon.com platform.
To summarize everything, the coffee market is changing from normal boring coffee to specialized coffee as we see from this quote:
According to a consumer survey conducted by the National Coffee Association of America, the total retail value of the U.S. coffee market is estimated to be $48 billion dollars with a specialty comprising approximately 55% value share. In other words, the “Specialty” category in coffee is becoming dominant in both volume and sales. Coffee is also becoming increasingly popular with younger consumers, who are more likely to adopt an online subscription consumer pattern, with the number of 18-24 year-olds who drink specialty coffee rising from 28% to 35% since 2013.
PennyStocks.News believes that we can agree that the CEO is trying to generate huge revenues for this company and for its shareholders.
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