GenTech Holdings Inc. (OTCMKTS:GTEH) dropped 7% on Wednesday after the Functional Foods, and Nutritional Supplements company announced its recently purchased Nature Soothie branded herbal supplements line lollipops for kids will come to the Whole Foods Markets outlets in the US from March 2022.
Trading Data
On Wednesday, GTEH stock went down 7.15% to $0.0007 with more than 139.81 million shares, compared to its average volume of 293.49 million shares. The stock has moved within a range of $0.0006 – 0.0007 after opening trade at $0.0007.
GenTech’s Nature Soothie Expands Footprint to all U.S. Whole Foods Market Locations in 2022
Currently, customers can access Nature Soothie supplements via UNFI at over 350 Sprouts Farmer’s Market and around 70 Whole Foods Market outlets. Also, customers can buy them online at the Nature Soothies Amazon marketplace and Naturessothie.com.
As of March 2022, customers can access the products at all 467 Whole Food Market outlets in the US, enhancing the branded product lines’ exposure at Whole Foods by almost 600%. Sara Zoilfaghari, the founder of Nature Soothie, stated UNFI is a leader in the grocery sector and popular for distributing high-quality natural foods and products through its extensive grocery network. She said that Nature Soothi’s products are available through most UNFI distribution centers. So, investors should be keen on GTEH.
Key Quote
Nature Soothie Founder, Sara Zolfaghari, commented, “UNFI is a grocery industry leader and is known for being the premier wholesale natural food & product distributor and for its vast grocery network. We started working with UNFI locally in 2018 in the Southern California region, and then gradually expanded that relationship to cover Northern California, Hawaii, and Arizona. Now our products are in many of UNFI’s major distribution centers servicing to small and large retailers across the nation. Working with notable natural retail chains such as Whole Foods has been a significant milestone for us, and we are excited to begin to scale to cover the entire U.S. market with plans to push to international markets before long.”
Technical Data
GTEH stock is trading below the 200-Day and 50-Day Moving averages of $0.0025 and $0.0007 respectively. However, the stock is trading, the stock is trading above the 200-Day moving average of $0.0004. The stock is down 25% in the past month.
