SAN DIEGO, April 20, 2021 (GLOBE NEWSWIRE) — through InvestorWire — Green Hygienics Holdings Inc. (OTCQB: GRYN) (“Green Hygienics” or the “Company”) declares as we speak the profitable completion of its acquisition of two CBD cigarette manufacturers: American Hemp and Diablo. The acquisition consists of all associated enterprise improvement property, corresponding to gross sales and distribution relationships, logos, and digital property.
The Company has already made two acquisitions up to now this yr, which included the property of Primordia to develop its cultivation division (http://bit.ly/grynPrimordia), and Castillo Seeds to fast-track the launch of its genetics division (http://bit.ly/grynCastilloSeed). The acquisition of American Hemp and Diablo launches the Company’s smokables division, which can present tobacco and nicotine-free alternate options to conventional cigarettes in efforts to assist customers cut back the antagonistic well being results and untimely deaths related to tobacco use. According to the CDC, the one largest reason behind preventable illness and dying is smoking, with almost half 1,000,000 Americans dying prematurely from tobacco use annually. Additionally, one other 16 million Americans endure from at the very least one critical illness attributable to smoking (https://bit.ly/3uYRTqo).
“The two CBD cigarette brands, American Hemp and Diablo (http://bit.ly/grynhemp1), are extremely well packaged, and the acquisition includes $21.5M worth of inventory at MSRP that we are purchasing at a considerable discount to market,” mentioned Green Hygienics COO Kyle MacKinnon. “We plan to use this acquisition to launch the Company’s smokables division and add our Sol Valley Ranch Natural and Sol Valley Ranch Blond premium CBD cigarette brands to the portfolio.
“Again, finished products present an opportunity to create far more revenue for the Company,” MacKinnon mentioned. “British American Tobacco (BAT) recently acquired a 19.9% stake in Organigram. We believe big tobacco companies have a keen interest in the hemp cigarette industry. Our farm is 824 acres, has clean soil reports and USDA Organic Certification, and therefore is one of few that can provide a reliable supply chain solution to facilitate its potential entry into the market.”
About Green Hygienics Holdings
Green Hygienic Holdings Inc. (OTCQB: GRYN) (“Green Hygienics” or the “Company”) is a California-based revolutionary, technology-driven enterprise centered on the excessive customary cultivation and processing of business hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids.
The Company’s company mission is to stick to the best requirements of operations in persistently delivering protected, premium-quality merchandise to customers in addition to to associate with CPG (shopper packaged items) and pharmaceutical corporations.
The Company intends to be a frontrunner in compliances and capabilities within the hemp and cannabinoid provide market. Using state-of-the-art applied sciences, Green Hygienics intends to open a complete new world of novel cannabinoids and focused bio-delivery applied sciences by no means earlier than explored, fixing the problems of stability, pharmacokinetics, organic tissue penetration and bioavailability.
Hygienics is the science of preserving and selling the well being of people, communities and the planet.
For additional details about Green Hygienics Holdings Inc., please go to the Company’s web site at www.greenhygienics.com.
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