Green Hygienics Holdings (OTCQB: GRYN) today provided an update on the 2021 harvest and current business development activities. According to the update, Green Hygienics has been focused on advancing several main areas of business development over the last quarter. These include its aggressive growth strategy where, to date, the company has financed its operations almost entirely through direct investment from management, and further shares have been issued instead of cash to ensure management is vested. The result is that Green Hygienics, unlike most companies in the sector, has very few shares outstanding, less than 45M fully diluted. In addition, the company announced its plans to pursue strategic acquisitions at a discount to market. As part of this effort, Green Hygienics is targeting acquisitions that are already cash flowing and have one or more aligned, established brands that the company can add supply chain or other value to. Further, in the last 24 months Green Hygienics has demonstrated its ability to cultivate premium quality hemp cost effectively and with the extraordinary potential to scale. This year’s harvest was double that of last year and will continue to grow with increasing demand as the company secures sales and distribution channels. The update also discussed the company’s engagement of a new external accounting firm from San Diego, AWICPA. The firm will manage payroll, develop policies, procedures and internal controls to manage inventory and accounts payable as well as adjust records to reflect Generally Accepted Accounting Principles (“GAAP”). Finally, in addition to the potential for revenue growth a material financing or acquisition may provide, Green Hygienics intends to launch four e-commerce websites in the first two quarters of 2022 to generate critical cash flow.
To view the full press release, visit https://ibn.fm/LZdjI
About Green Hygienics Holdings Inc.
“Hygienics” is the science of preserving and promoting the health of individuals, communities and the planet; it’s the company’s core mission and at the heart of every decision it makes. As more and more consumers prioritize their health and demand transparency and integrity from the companies that create their products, Green Hygienics will be recognized as the most reliable, safe and secure choice in the market for CBD and hemp products. To deliver on this promise, Green Hygienics maintains a constant commitment to sustainable farming practices, cutting-edge science and industry-leading certifiability. Generating peak value from a plant of this caliber requires prioritizing innovative processing methods and impeccable attention to detail. Creating a secure supply chain and reliable long-term source for high-grade CBD is a corporate strategy for Green Hygienics, coupled with a mission to preserve and protect a valuable natural resource. As Green Hygienics evolves and expands, its path is clear and uncompromised, creating pure, non-psychoactive, nutraceutical, pharmaceutical, topical and industrial products from the highly sustainable hemp plant to benefit people and preserve the planet. For more information, visit the company’s website at www.GreenHygienics.com.
NOTE TO INVESTORS: The latest news and updates relating to GRYN are available in the company’s newsroom at http://ibn.fm/GRYN
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.investorwire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.