Premium cannabis cultivation and branding firm Green Hygienics Holdings Inc. (OTCQB: GRYN) today announced that it has opened escrow for the purchase of the Potrero Ranch Property near San Diego, California. Per the update, the land package covers 824 acres of flat, native grassland pasture sheltered by surrounding mountains and is ideal for hemp cultivation, with an abundant water supply and favorable altitude and soil pH. The property includes outbuildings spanning 294,000 square feet that are suitable for use as greenhouses or storage. A large built-in cooler is installed in the main building. “Given that there is the potential to harvest 1,200 to 1,500 pounds of hemp per acre, we can produce two crops per year, and the price of hemp is at an average of $50 dollars per pound, this initiative has the potential to produce significant revenues for the Company,” GRYN Vice President of Business Development Matt Dole stated in the news release. “This will also provide a base of operations for several other equally exciting initiatives. We have been working on this property acquisition for a very long time and are excited about the possibilities it opens up for the Company.”
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About Green Hygienics Holdings Inc.
Green Hygienics is a full-scope, premium, cannabis company targeting the high-end medical and adult-use recreational markets. With more than 25 years of experience in agricultural science and innovation, Green Hygienics is establishing itself as a leader in the advancement of science-driven cannabis cultivation systems. The company business model includes generating revenues from the cultivation and sales of premium-grade cannabis products, developing and licensing valuable IP, creating trusted global consumer brands and making strategic acquisitions. For more information, visit the company’s website at www.GreenHygienicsHoldings.com
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