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GenTech Holdings, Inc. (GTEH) announced significant progress in January 2022, receiving its first retail orders for its brand Fizzique™ from UNFI, North America’s largest publicly traded wholesale distributor of health foods. These initial orders bolster GenTech's visibility in major retailers, including Whole Foods and Safeway. The company anticipates a full order of 2 million cans by mid-February and a further 2 million reserved for future demand. Additionally, Fizzique has signed Megan Olivi as a brand ambassador, leveraging her reach in sports broadcasting.
GenTech Holdings, Inc. (OTC Pink: GTEH) has appointed Megan Olivi, a prominent UFC and NFL correspondent, as the Brand Ambassador for its protein water drink, Fizzique™. Olivi, who garners substantial viewership and social media engagement, expressed enthusiasm for promoting a product she enjoys. RJ Runowski, SVP at GenTech, praised Olivi's alignment with the brand's health-focused image. This partnership aims to enhance brand visibility in the competitive functional foods and nutritional supplements market.
GenTech Holdings, Inc. (OTC Pink: GTEH) reported a remarkable 600% growth in unit sales of its Nature Soothie brand for Q4 2021 compared to the same period in 2020. The company sold approximately 90,000 units from October to December 2021, up from 13,000 units in the prior year. GenTech's successful partnerships with major retailers such as Whole Foods and Sprouts play a crucial role in this growth trajectory. Additionally, the company plans to reduce its Authorized Share Capital by nearly 25%, mitigating shareholder dilution concerns.
GenTech Holdings, Inc. (OTC Pink: GTEH) has reduced its Authorized Share Capital by 8%, bringing the total to 30.5 billion shares. This reduction signals an end to significant dilution for shareholders, achieving nearly a 25% decrease overall. CEO David Lovatt emphasized efforts in enhancing production and finding alternative funding sources beyond equity issuance. Additionally, the company has applied to FINRA for a name change to Supplement Group (USA), Inc., with no changes to the ticker expected. The management anticipates approval before January 2022.
GenTech Holdings (GTEH) reported provisional revenues of $1.2 million for the 11 months ending November 30, 2021. This reflects a substantial increase compared to $250k in 2020. The company anticipates exceeding $1.35 million for the full year, driven by successful products like Nature Soothie and SINFIT bars. CEO David Lovatt forecasts revenues could reach $10 million in 2022, with new product Fizzique expected to generate $3.5 million. The firm has also applied for a name change, with no current plans for a stock split or ticker change.
GenTech Holdings, Inc. (OTC PINK:GTEH) announced that its Nature Soothie herbal supplement lollipops will be available at all 467 Whole Foods Market locations across the U.S. starting March 2022. This marks a nearly 600% increase in the product's Whole Foods presence. Nature Soothie is currently distributed through UNFI and is available at over 350 Sprouts Farmer’s Market locations. The line offers herbal lollipops made with natural ingredients aimed at children's health needs, including immune support and relaxation.
GenTech Holdings, Inc. (GTEH) announced an 18% reduction in its Authorized Share Capital effective October 27, 2021. This decrease aims to limit further dilution for shareholders. The new Authorized Share Capital is now set at 33 billion shares. Furthermore, the company is initiating a share buyback program, initially authorized to repurchase up to 1 billion shares from December 1 to December 31, 2021. CEO David Lovatt stated significant growth is driven by their Reg A offerings, with plans for a further capital reduction in December depending on buyback outcomes.
GenTech Holdings, Inc. (GTEH), an emerging leader in Functional Foods and Nutritional Supplements, reported provisional year-to-date financial performance. For the nine months ending September 30, gross consolidated revenues reached $745,900, with an expectation to close 2021 at approximately $1.3 million. The CEO projected potential revenues of $10 million in 2022, supported by new product offerings and adjusted business strategies. The company is experiencing growth but is currently hindered by supply chain issues.
GenTech Holdings, Inc. (GTEH) announced its application to FINRA to change its name to Supplement Group (USA), Inc., aligning corporate branding with its focus on functional foods and nutritional supplements. The company reported provisional gross revenues of $217k for September 2021, indicating a potential $2.6 million annual run rate. Management anticipates continued growth aided by increased marketing and improved operating conditions as pandemic impacts diminish. No stock split is planned, and the ticker symbol remains unchanged.
GenTech Holdings, Inc. (GTEH) announced the addition of its sparkling protein drink brand Fizzique to the Vitacost e-commerce platform, now reaching an annual sales figure of $1.1 billion. This partnership with Vitacost, a Kroger subsidiary, positions Fizzique for potential grocery distribution through Kroger’s extensive network of 2,726 stores across the U.S. The company attributes this milestone to its collaboration with Vista Brands. Fizzique targets a unique market with strong patent protection, aiming to capitalize on growing consumer demand in functional foods.