GenTech Holdings, Inc. to Acquire Unique Children’s Supplement Brand “Nature Soothie”
GenTech Holdings, Inc. (GTEH) has signed a Letter of Intent to acquire a 75% stake in Nature Spoon LLC, the producer of Nature Soothie herbal supplement lollipops for children. This strategic acquisition aims to expand GenTech's reach in the children's health market, leveraging Nature Soothie's distribution channels, including partnerships with UNFI and retailers like Whole Foods. Nature Soothie's products are made with natural ingredients and cater to everyday health needs, aligning with GenTech's growth strategy. The acquisition is expected to enhance product offerings and market penetration.
- Acquisition of a 75% stake in Nature Spoon LLC is expected to strengthen GenTech's portfolio in the children's health market.
- Nature Soothie products align with GenTech's strategy to target high-quality brands, potentially increasing revenue.
- Enhanced distribution through established relationships with retailers like Whole Foods and Sprouts Farmer's Market.
- None.
WHEAT RIDGE, CO / ACCESSWIRE / July 6, 2021 / 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 the signing of a Letter of Intent (the "LOI") for the acquisition of a
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).
"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."
Nature Soothie offers a variety of children's herbal supplements designed to address specific everyday health needs (Immune, Tummy, Comfort, and Relax). The lollipops are made with
According to Sara Zolfaghari, Nature Soothie Founder & CEO, the product was inspired by her own desire to have access to healthy all-natural supplement products that her young daughter would willingly consume: "I started Nature Soothie in early 2016, inspired by my little daughter, to create an innovative delivery format for children's herbal supplements. I remember walking through the aisles of my local health food stores and pharmacies looking for natural remedies for my kid. The problem was, even though there were tons of products on the shelves, none were really appealing to young children. The result is Nature Soothie's line of herbal supplement lollipops: loved by children, trusted by parents."
The Company plans to help Nature Soothie expand its product line and widen its distribution footprint to include more grocers and pharmacies in the quarters ahead. Zolfaghari added, "We are looking forward to working with SINFIT to drive a bright future for Nature Soothie!"
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) all the compliment its long established 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 across several market leading brands.
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.
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SOURCE: GenTech Holdings, Inc.
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