GenTech Holdings, Inc. Closes Acquisition of “Nature Soothie” the Unique Children’s Supplement Brand

Rhea-AI Summary

GenTech Holdings, Inc. (OTC Pink: GTEH) has finalized an agreement to acquire a 75% controlling stake in Nature Spoon LLC, known for its Nature Soothie® herbal supplement lollipops aimed at children. These products, which address various health needs, are made from 100% natural ingredients and contain no artificial additives. The acquisition is part of GenTech's strategy to expand its brand portfolio within the functional foods market, targeting a segment with limited current exposure. This move is anticipated to enhance GenTech's market presence and product offerings.

Positive

• Acquisition of a 75% stake in Nature Spoon LLC strengthens GenTech's product lineup in the children's health sector.
• Nature Soothie products have established distribution channels through UNFI and major retailers like Sprouts and Whole Foods.
• The product features 100% natural ingredients, positioning GenTech favorably in the growing health-conscious consumer market.

Negative

• None.

WHEAT RIDGE, CO, July 22, 2021 (GLOBE NEWSWIRE) -- GenTech Holdings, Inc. (OTC Pink: GTEH) (“GenTech” or the “Company”) (www.gentechholdings.com), an emerging leader in the Functional Foods (www.sinfitnutrition.com) marketplace, is pleased to announce that it has closed on the agreement for the acquisition (“definitive agreement”) of a 75% controlling stake in Nature Spoon LLC (“Nature Soothie”), the producer of Nature Soothie® branded herbal supplement lollipops for children.

Nature Soothie products are currently distributed through UNFI and sold in top health food stores in the United States, including Sprouts Farmer’s Market and Whole Foods Market. Nature Soothie products are also sold online at NatureSoothie.com and at the Nature Soothie Amazon store (www.amazon.com/naturesoothie).

The products offer a variety of children’s herbal supplements designed to address specific everyday health needs (Immune, Tummy, Comfort, and Relax). The lollipops are made with 100% natural ingredients, including organic honey and herbal extracts such as chamomile, peppermint, black elderberry, and passionflower. All Nature Soothie products have a simple but delicious taste with only 4g of natural sugar. They are also gluten-free and contain no artificial colors, flavors, or preservatives.

“As we continue to expand our Sinfit roll-up strategy, we are targeting brands and products with true market-leading quality that offer a complementary fit in our ecosystem of target markets and existing products,” remarked Leonard Armenta, President of GenTech & CEO of SINFIT Nutrition. “Nature Soothie resoundingly satisfies both of those criteria, with tremendous products that target a critical segment of the market – children – where we have had very little exposure to date.”

Sinfit Nutrition recently announced that it had acquired NxtBar (www.nxtbar.com) MBP Snacks (www.mpbsnacks.com) Fizzique (www.drinkfizzique.com) and Yourganics (www.yourganicsnutrition.com) as well is its Premium Coffee Brand ‘Secret Javas’ (www.secretjavas.com)

About GenTech Holdings, Inc.
GenTech Holdings, Inc. is a publicly traded company under the symbol GTEH. The Company owns and operates leading functional foods brand, 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:
invest@gentech.group
www.gentechholdings.com

Public Relations:
EDM Media, LLC
https://edm.media

Attachments

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• $GTEH - GenTech Holdings, Inc.
• $GTEH - GenTech Holdings, Inc.
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FAQ

What is the significance of GenTech's acquisition of Nature Spoon LLC?

The acquisition allows GenTech Holdings to enter the children's health market with established products, enhancing its portfolio.

How will the Nature Soothie acquisition impact GenTech (GTEH)?

The acquisition is expected to strengthen GenTech's market presence and product offerings in the functional foods sector.

What products does Nature Spoon LLC offer?

Nature Spoon LLC produces herbal supplement lollipops for children that cater to various health needs using natural ingredients.

When was the acquisition of Nature Spoon LLC by GenTech announced?

The acquisition was announced on July 22, 2021.

Where can Nature Soothie products be purchased?

Nature Soothie products are available through retailers such as Sprouts and Whole Foods, and online at NatureSoothie.com and Amazon.