Business
GenTech Leases Property for Inaugural CBD-Infusion Café Launch
GenTech Leases Property for Inaugural CBD-Infusion Café Launch.
About this update from Gentech Holdings Inc.
[{"type":"text","content":"\nNEW YORK, June 17, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- GenTech Holdings, Inc. (OTCMKTS: GTEH) (“GenTech” or the “Company”), an emerging leader in the high-end CBD food and drinks marketplace, is thrilled to announce the signing of a 36-month lease for the inaugural location of the Company’s “The Healthy Leaf” high-end CBD-infusion café chain.\n\n \n \n \n \n \n \n \n \n \n \n \n GTEH June 17\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n GTEH June 17\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n The property is located on Church Street in beautiful downtown Montclair, New Jersey, an upscale town in Essex County, roughly eleven miles to the west of Manhattan. Click here for video footage of the area. “The location is picture perfect for the Healthy Leaf launch,” stated GenTech CEO, David Lovatt. “The local demographics, foot traffic, and regional placement all match up with a best-case scenario. This area is absolutely packed with the life and vibrancy of a successful, progressive crowd. And the property itself is a dream come true.” The property has an interior space of 1000 square feet, a large outside patio seating area, permissions allowing for acoustic band entertainment, and an architectural form factor that will allow for a refitting and design process consistent with the Company’s essential vision for a CBD-infusion café. Montclair Township is home to an upscale population in excess of forty thousand, a progressive cultural tone, a median annual income more than double the national average at over $130k, and extremely strong regional foot traffic, particularly through the area where the Company’s leased property resides. In addition, 35% of the Montclair population is between 35 and 54 years old, which is consistent with strong consumer activity. “We plan to completely refit the interior to match our high-end marketing and branding strategy,” continued Mr. Lovatt. “We also plan to have live acoustic music on evenings and weekends to take full advantage of the atmosphere and character of this spectacular location. A designer is being contracted now to get the final steps underway. We will strive to keep shareholders updated as we progress toward our inaugural grand opening, and as we continu...