Cannabis
GenTech’s SINFIT Completes Closing of Acquisition of Fast-Growing Health Brand “Yourganics”
Wheat Ridge, Colorado–(Newsfile Corp. – April 5, 2021) – GenTech Holdings, Inc. (OTC Pink: GTEH) (“GenTech” or the “Company”), (www.gentechholdings.com) an emerging leader in the high-end Premium Coffee (www.secretjavas.com) and Functional Foods marketplaces, is excited to announce that its SINFIT Nutrition unit (“SINFIT”) (www.sinfitnutrition.com) today closed the agreement to acquire the assets of hot emerging brand “Yourganics.”
SINFIT Nutrition
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6713/79398_325371f2945debe2_002full.jpg
CEO of SINFIT Nutrition, Leonard K. Armenta Jr. commented that, “Now we have completed the acquisition we can really start to build a range of Organic and Vegan Functional Food products under the banner of ‘Yourganics from SINFIT’ in what is an explosive growth industry at present. With our easy access the manufacturing and with a solid capital base to work from, we believe our success with ‘Yourganics from SINFIT’ will be on an impressive scale. This will not only be a force to be reckoned with on the Amazon™ platform, but will soon start making its way into more traditional Brick and Mortar locations as well right across the States.”
The Company intends to quickly expand the range to include a ‘Yourganics from SINFIT’ offering that will produce everything from Organic and Vegan Seasonings through to Organic and Vegan Cookies and Protein Bars.
Armenta continued, “Our active acquisition hunt continues as we work to close more of these horizonal acquisitions that see our reach and our range expand, giving us access to huge growth in revenues throughout 2021 and beyond. Watch this space!”
GenTech Holdings, Inc, the Parent company of SINFIT Nutrition, Inc. recently released an interim report covering the period February 1st 2021 through March 31st 2021.
Note: Data presented below is unofficial and provisional and may be adjusted in future official financial reporting.
Provisional Financial Highlights for Fiscal Q2, 2021 (with one full month remaining in the quarter):
- Gross consolidated revenues currently at $110,628 after Feb and Mar monthly operations, which represents a monthly revenue run rate on pace to produce 89% sequential quarterly topline growth
- Present Accounts Receivable for SINFIT at $82,338 after Feb and Mar monthly operations, which approximately matches total from previous quarter
- SINFIT’s cash-on-hand currently at $860,000 after Feb and Mar monthly operations, which represents growth of 293% on a sequential quarterly basis
Management believes SINFIT performance is poised for continued growth as tailwinds from increased marketing spend and improved operating conditions become active factors in defining the Company’s operational landscape. This includes the impact of widespread COVID-19 vaccinations and reduced pandemic impact in the operation of fitness facilities, which is believed to indirectly impact demand for SINFIT products.
About GenTech Holdings, Inc.
GenTech Holdings, Inc. is a publicly traded company under the symbol GTEH. The Company launched a high-end Coffee Subscription service in early 2020 called Secret Javas and owns and operated SINFIT Nutrition, which offers a range of high-end Functional Foods.
Forward-Looking Statements
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.
Corporate Contact:
[email protected]
www.gentechholdings.com
Public Relations:
EDM Media, LLC
https://edm.media
(800) 301-7883
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79398
Cannabis
Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III
Cannabis
Technological Advancements in Breathalyzers Drive Market Growth and Enhance Road Safety
Cannabis
Bay Area Social Equity Operator Launches the Purple Raina Balm Wand 1:1, an Inclusive Multipurpose Cannabis Topical
-
Innocan2 weeks ago
Innocan Pharma Initiates FDA Approval Process for Liposome Injection Therapy for Chronic Pain
-
Curaleaf2 weeks ago
Curaleaf Completes Acquisition of Northern Green Canada
-
Cannabis2 weeks ago
Cannabis Capsule Global Analysis Report 2024: Market to Reach $79.2 Billion in 2028 – Forecast to 2033 Featuring GW Pharmaceuticals, Trulieve Cannabis, Green Thumb Industries, Tilray, Columbia Care
-
Cannabis5 days ago
Technological Advancements in Breathalyzers Drive Market Growth and Enhance Road Safety
-
SCHWAZZE5 days ago
Schwazze Sets First Quarter 2024 Conference Call for May 15, 2024 at 5:00 p.m. ET
-
Cannabis5 days ago
Bay Area Social Equity Operator Launches the Purple Raina Balm Wand 1:1, an Inclusive Multipurpose Cannabis Topical
-
Humboldt5 days ago
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
-
Cannabis3 days ago
Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III