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://cnw.fm/J9Vlq
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.
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