New Press Release: GenTech Enters $19bn Coffee Capsule Market with Nespresso(R) Compatible CBD-Infused Coffee Subscription Package
New York, New York--(Newsfile Corp. - January 21, 2020) - 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."
