GenTech Holdings, Inc. Steps Up Time Table for Initial CBD-Infusion Café Launch, Readies Leases for Multiple New Locations
August 22, 2019 at 08:00 am EDT
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GenTech Holdings, Inc. announced accelerated plans to open its inaugural Healthy Leaf CBD-Infusion Café, with final architecture work now currently underway through leading architecture firm, Smith Maran LLC. In addition, the company has officially extended lease agreement offers for as many as three additional Healthy Leaf locations.
Aside from the accelerated path toward a grand opening of Healthy Leaf Café #1, the company has also made official lease offers for three additional Café locations. As noted in prior communications, the Company is moving along a planned path for coast-to-coast Healthy Leaf CBD-infusion cafés within 24 months. Management notes that the Company’s accelerated time table for launch and expansion is linked to professional research suggesting faster-than-anticipated mainstream adoption of CBD products by general consumers in North America in 2019, as projected by a number of recently published Wall Street analyst reports. Several factors may account for this increased pace, but the Company believes that increasing availability of CBD-based products on the shelves of physical retail chain stores may be “normalizing” the concept of cannabidiol as a desirable product ingredient for mainstream consumers at an accelerated pace.
GenTech Holdings, Inc. operates businesses in the functional foods and nutritional supplements space. The Company provides nutritional supplements and functional foods. The Company owns and operates various brands, including Nature Soothie, NxtBar, Yourganics, MPB Snacks, Core Natural Sciences, Storm Lifestyles, Secret Javas, Fizzique and Swift Stims. The Company subsidiaries include Sinfit Nutrition, Inc., American Metabolix, Inc. and Natures Spoon, LLC.