SAN DIEGO, Dec 7, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Green Hygienics Holdings Inc. (OTCQB: GRYN) (“Green Hygienics” or the “Company”) is pleased to provide an update on the 2021 harvest and the current business development activities. During the last quarter, Green Hygienics has focused on advancing several main areas of business development:
Non-dilutive financing
The Company has an aggressive growth strategy. To date, the corporation has financed its operations almost entirely through direct investment from management, and more shares have been issued rather than cash to ensure that management is transferred. As a result, unlike most companies in the sector, the Company has very few shares outstanding, less than 45M fully diluted.
In accordance with this commitment, on September 22, 2021, Green Hygienics announced that it was seeking a $ 100 million green bond offering to finance acquisitions. Since then, the Company has:
- completed a full update and rebrand of the website and social media accounts
- Hired the Dechert law firm in Luxembourg, approving a rigorous KYC standard to guide the Company in creating a complete and detailed bond offering document and assistance in completing the application to the Luxembourg Stock Exchange
- secured the Company’s Legal Entity Identifier (“LEI”) 98450068C6A0BFEFCC12
- completed a deed of trust agreement through the Law Offices of David J. Hollander
- He completed a full SingerLewak report valuing the company at $ 195 million to support the offering.
- completed the publication of its first Environmental, Social and Governance Report (“ESG Report”) using the Sustainability Accounting Standards Board (SASB) framework to support the offering
- Designated Avenir Registrars who will act as Paying Agent. They are securities registrars and it is in this context that the Company may request the admission of such securities to Euroclear Bank. They will also request a security number (“ISIN”).
There is also an international distribution network, the creation of books has begun and the Company is in talks with various placement agents. The Bond Offering has been very well received, as both the 7.25% interest rate is extraordinary within the bond market and existing real estate along with possible acquisitions are being guaranteed.
In addition, the Company seeks to refinance the Sol Valley Ranch property and consolidate the first and second mortgages into a single loan at a lower interest rate to reduce the cost of capital and provide additional working capital. The property was appraised of $ 28 million earlier this year and the total amount of current loans is less than $ 7.2 million.
Acquisition strategy
It is an opportune time to make strategic acquisitions at a discount in the market. The Company is targeting acquisitions that are already cash flow and have one or more established brands that are aligned, and to which the Company can add supply chain or other value.
The pursuit of acquisitions that provide the potential to support the sales and distribution of the Company’s wholesale and retail products is critical to accelerating corporate growth.
Additionally, the Company will seek to leverage its core attribute, which is the ability to effectively grow USDA certified organic hemp at scale. The demand for organic products is growing and Green Hygienics will benefit from that.
Harvesting the 2021 crop
In the last 24 months, the Company has demonstrated its ability to grow premium quality hemp profitably and with extraordinary potential for scale. This year’s harvest was double that of last year and will continue to grow as demand continues to grow and the Company secures sales and distribution channels. The market is slowly improving with far fewer farmers returning this year and thus less product saturating the market. The general demand for cannabinoids derived from hemp and manufactured products continues to grow. There is more than enough product in the current inventory to sell to cover the Company’s consumption rate and start making a profit next year.
The preliminary estimate for this year’s harvest is between 30,000 and 40,000 pounds of flowers and many more seconds and biomass, well above last year’s production. The crop is still drying and will be processed according to demand requirements. The improved yield can be attributed to more planted acres and improvements to the installed electric and automated irrigation system, as well as experience gained year over year. The grow team performed efficiently and will do even better next year.
New commitment
Green Hygienics has hired a new San Diego outside accounting firm, AWICPA. The new firm will manage payroll, develop policies, procedures, and internal controls to manage inventory and manage accounts payable, as well as adjust records to reflect Generally Accepted Accounting Principles (GAAP).
Looking to the future
In addition to the revenue growth potential that an acquisition or material financing can provide, the Company plans to launch four e-commerce websites in the first two quarters of 2022 to generate critical cash flow. The cost benefit is compelling because the price increase between wholesale products and branded manufactured products is considerable. The e-commerce sites that the Company intends to promote are:
- SolValleyRanch.com – Following the model of microbreweries and boutique hotels; unique with a sense of belonging to something exclusive, without being pretentious. Formulations and ingredients will be inspired by the vast, wild and scenic Sol Valley Ranch estate, with USDA certified sun-grown organic hemp at the forefront. The target market will be health-conscious women in their 30s and 60s.
- CBDSmokes.com – An existing website that currently sells our American Hemp and Diablo hemp cigarettes will be expanded to include three other CBD and hemp cigarette brands currently in development. The site will appeal to consumers looking for a healthy alternative to tobacco.
- CBDDoctorDirect.com – A more prescriptive and formal brand that will target traditional and functional medicine physicians as well as complementary health professionals. The products will be USDA organic, from FDA approved facilities and will be considered an exemplary source of high quality CBD that all physicians can confidently prescribe to their patients.
Over the past three months, the Company has been advancing potential opportunities in the beverage market and examining the possibility of diversification in the food grade hemp seed protein sector. The team has been working with a major food supplier to develop superior quality hemp flour to create new food products.
Overall, the Company will continue to explore new opportunities within the sector and will shift its primary focus to sales and revenue generation in the coming months.
About Green Hygienics Holdings Inc.
“Hygiene” is the science of preserving and promoting the health of people, communities and the planet; It is our main mission and it is at the center of all the decisions we make as a company. 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 CBD and hemp product market. To deliver on this promise, we maintain an ongoing commitment to sustainable agricultural practices, cutting-edge science, and industry-leading certifiability.
Generating the maximum value from a plant of this caliber requires prioritizing innovative processing methods and impeccable attention to detail. Creating a secure supply chain and long-term reliable source of high-grade CBD is a corporate strategy for Green Hygienics, along with a mission to preserve and protect a valuable natural resource.
As Green Hygienics evolves and expands, its path is clear and uncompromising, 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.
Corporate Communications:
Heidi thomasen
IR@GreenHygienics.com
Toll Free 1.855.802.0299
CAUTIONARY STATEMENT REGARDING FUTURE STATEMENTS
This document contains forward-looking statements. In evaluating these forward-looking statements, you should consider several factors, including our ability to change the direction of the Company, our ability to keep pace with new technology and changing market needs, and the competitive environment of our business. These and other factors could cause our actual results to differ materially from any forward-looking statements.
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