Gentech Holdings Inc (OTCMKTS:GTEH) is certainly the most speculative name on this list. But it may also be the most interesting. The company is on track to commercialize in a manner that it hasn’t seen in the past thanks to its recent acquisition of Sinfit, a top-5 functional foods brand that pulled in millions in revenues in 2019 – for a detailed discussion of this move and its rapid expansion since, take a gander at the company’s recent “MoneyTV” interview, which can be found here.
And it is making quick strides toward significant success in this venture, recently announcing that it has officially qualified for “Mass Market Retail”, FDM and Military status at Europa Sports, one of the largest supplement distributors in the world. Europa Sports has been a leader in the nutrition and performance space for 30 years. This distributor brings a large US network to the table, with more than 14,000 active wholesale customers receiving products from six (6) major distribution centers, aggregating over a quarter million square feet of total warehouse space, producing a two-day fulfillment rate of 96% on new orders.
“Mass Market Retail status with Europa opens up an enormous new marketplace for SINFIT products,” commented David Lovatt, CEO of GenTech. “We have access to mass retailers and general goods outlets across the country – ie, Costco, BJ’s, Sam’s Club, and many more. As well as with Military Status achievement now, we will be able to sell directly into the Military based stores. This directly opens the door for us to gain access to millions and millions of new browsing end-market customers through Europa.”
That announcement was followed by the company’s move to sign a contract with Fusion Consulting Group (www.fusioncgpr.com), a leading functional food and sports nutrition distributor based in Puerto Rico.
Founded in 2008, Fusion has become Puerto Rico’s Top Functional Food and Sports Nutrition Distributor, servicing over 1200 locations in Puerto Rico, including Walmart, Sam’s, Costco, CVS, and Walgreens. Fusion also has a distribution footprint that includes the Caribbean Islands and Central America, and is in the process of expanding into parts of South America. Fusion serves supermarkets, mass merchandisers, C-Stores, gyms, health food stores, and pharmacies, as well as other distributors internationally.
When Gentech Holdings Inc (OTCMKTS:GTEH) acquired all of the assets, including inventory, revenues, goodwill, intellectual property, trade secrets, and trading relationships of Sinfit, it broke into the functional food business with a brand currently sold in GNC stores, distributed by Europa Sports, and available in more than 10 countries worldwide that produced over $2.2 million in revenues in 2019.
“This acquisition has a tremendous synergistic element that enhances our current business model right now, with substantial revenues and a brand that vertically integrates perfectly in the GenTech growth model,” commented Lovatt. “Since the outbreak of Covid-19, their business has done a great job of maintaining market positioning and brand momentum. Most of the business has been converted to an online model, which is driving a huge jump in Amazon and Direct to Consumer sales of their products. And we are now actively engaging our sales team in acquiring orders from physical store locations again.”
Gentech Holdings Inc (OTCMKTS:GTEH) could be set to finally put out some massive topline numbers. And the market doesn’t seem like it has given the stock enough attention given this shift in recent weeks. Keep this one on the radar.