Gentech Acquires MPB Cookies For Undisclosed Sum

by Shivani Kumaresan, Benzinga Staff Writer

June 17, 2021 3:29 PM | 1 min read |

Gentech Holdings Inc GTEH has agreed to acquire MPB Cookies, a high-end protein cookie company that makes gluten-free, high-protein snacks.
The acquisition aims to boost the product portfolio of the hemp-centric coffee shop operator’s brand, SINFIT nutrition.
Gentech did not disclose the terms of the deal.
“We have immediate plans to expand distribution of MPB’s current products and to broaden and diversify the product base to unlock much greater value,” said David Lovatt, Chief Executive Officer, Gentech.
MPB products are made with rolled oats and contain protein derived from a combination of Chickpeas and Whey.
Price action: GTEH shares are trading lower by 8.66% at $0.0018 on the last check Thursday.