$GTEH begun to make progress in its exciting 'Hemp Products and Manufacturing strategic Delivery plan'. GenTech Holdings, Inc. state that they are on a three-year trajectory that will see them launch new branding, make strategic acquisitions and deliver its own branded CDB oil throughout 2019 and into 2021.
According to "www.votehemp.com," the 2017 market for Hemp was buoyant with 13% of the $820m US market being made up of Consumer textiles, CBD making up 23% of that market and Food being 17%. They project that CBD oil derived products will exceed $646 million alone by 2022.
"We are now in the Hemp Sector" announced David Lovatt, CEO of GenTech, "and as we make progress, I will share important news with you. Our intention is to make an initial set of acquisitions that will give us a base to work from and help us to establish a brand that will be recognized as a leading player in the sector. I will announce acquisitions as they are finalized in the coming days and weeks."
GenTech announces that they are looking to enter the Apparel space and then, shortly after, the Consumer Goods sectors of the Hemp industry. Their intention is to continue to build a strong Board that can go into the Growing market in the second half of the year with the acquisition of land ready for the growing of Hemp and producing CBD oils and products; all under their own brand.
The Company is expecting to announce to the market a key strategic acquisition this month, to begin unveiling its branding in early April and to be announcing additional expert Board members by May.
