Miami, FL – May 30, 2019 – (undergroundstocks.com Newswire)- An elite wall street independent small cap media group with a history of bringing lucrative opportunities, Updates on GenTech Holdings, Inc. (OTC PINK: $GTEH)
CBD Farm Bill and CBD Coffee
Cannabidiol-infused (NYSE:CBD) coffee variants may have come to the attention of many after the passage of Farm Bill in December 2018 but this premium beverage has been in the market for years now. While hemp had just gotten legal at the federal level after Farm Bill, CBD derived from hemp is technically legal across 43 states beforehand.
Many cafés, in fact, have been serving CBD-infused coffee for a time now. The concoction has been in-demand for its several health benefits, including minor relief against inflammation and pain. And, unlike with the regular coffee which keeps people awake but panicky, CBD coffee makes drinkers alert but calm and relaxed.
Now with the Farm Bill, businesses with CBD-infused coffee in their product lines are on track to enter not just the well-established coffee market but also the rapidly growing CBD market.
Coffee Drinkers In America Growing At A Fast Pace
A survey commissioned by the National Coffee Association released in March 2018 found that the number of Americans consuming coffee on a daily basis reached its highest level since 2012. The voracious demand was particularly pronounced from the at-home consumptions, and gourmet coffee drinks.
The millennial population, meanwhile, was the major driver of the demand with about 44 percent of the market share coming from this demographic. The rate at which the millennials, aged 18 to 24-year-olds, were consuming coffee had also increased in eight years through 2016 to 48 percent from 34 percent in the previous years. Those aged 25 to 39 years were consuming coffee at an increased rate of 60 percent from 50 percent.
Between at-home preparations and gourmet coffee, the former was more dominant with 79 percent of those surveyed by NCA saying they rather prepare their own coffee. These are the coffee products that people can purchase by bulk or by the pack from stores or businesses and that they can stock at homes.
Such CBD-coffee products belong to the retail market for coffee which according to a recent report has grown by 5.9 percent, accumulating revenue of $46 billion in 2018.
Small but ambitious GenTech Holdings, Inc. (GTEH) recently announced to the public that it has enter into negotiations to open its first CBD coffee shop location. CEO stated “We have been all over the East Coast during the past couple weeks, working to nail down our initial locations,” noted David Lovatt, CEO of GenTech. “We first went to Miami, FL, in the trendy Wynwood area, then to Montclair, NJ, a wealthy suburban haven for professionals from New Jersey and New York. From there, we headed to SOHO and Williamsburg in New York – both extremely trendy, high-volume locations. The process has been highly productive, and we should have firm contractual commitments in place very soon, which will set in motion the most exciting steps of this strategy.”
Bright Future Ahead For GenTech Holdings, Inc. (GTEH)
Allegra World Coffee Portals 2019 Project Café USA report found that the U.S. coffee shop market grew to $45.4 billion in 2018. There are about 35,616 existing coffee shops nationwide. This number is expected to grow to 40,000 locations by 2023. GenTech Holdings, Inc. (GTEH) could well become the next Starbucks Corporation (SBUX) of the CBD coffee shop world.
December 2018 data from the International Coffee Organization stated that world coffee exports amounted to 10.43 million bags or 631,800 tons. In 2016 to 2017, people around the world consumed 157.38 million 60 kilogram bags of coffee. As of March 2018, the international value of the coffee market is expected to grow 5.5 percent CAGR from 2019 to 2024.
$GTEH Most Undervalued CBD Stock
This undervalued stock currently at $0.037 should be in everyone’s watchlist. $GTEH’s current share structure is the following: AS 5B. The market cap at the time of writing was $12,222,370. The current share price is $0.035.
Chart Technicians Predictions
$GTEH main support is at $0.03, Key pivot breaks will be $0.064 and if it breaks above $0.10 The stock can potentially test $0.18+
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