Innovative, full-scope, science-driven, premium hemp cultivation and branding enterprise Green Hygienics Holdings (OTCQB: GRYN) today announced that it has opened escrow for the acquisition of its head office and warehouse building in the prominent Poway Business Park located near San Diego, California. “This is a marquis property in a strategic location approximately 45 minutes away from the 824-acre Potrero Ranch Property and just outside of San Diego. The acquisition of this property will immediately deliver positive cash flow from the existing tenancies and provide the company with the use of our head office location at no cost. Our near-term objective is to build a strong balance sheet and establish base cash flow,” Green Hygienics Holdings chief executive officer Ron Loudoun stated in the news release.
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About Green Hygienics Holdings Inc.
Green Hygienics Holdings is an innovative, full-scope, science-driven, premium hemp branding enterprise focused on the cultivation and processing of industrial hemp for cannabidiol (“CBD”). The Hemp Farming Act of 2018 removed hemp from Schedule I controlled substances (defined as cannabis with less than 0.3% THC) making it an ordinary agricultural commodity. GRYN’s mission is to grow the company in a sustainable and profitable manner to be one of the largest industrial hemp for CBD producers in North America. The company will adhere to the highest standards of operations in consistently delivering safe and premium-quality products to consumers. GRYN intends to be a leader in FDA cGMP (Current Good Manufacturing Practice) capabilities in the hemp and CBD marketplace. The company’s business model includes generating revenues from the sale of hemp and premium-grade CBD products; creating trusted global consumer brands; developing valuable IP; and growing the company rapidly through strategic acquisitions. For more information, visit the company’s website at www.GreenHygienicsHoldings.com.
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