The Company has already made two acquisitions so far this year, which included the assets of Primordia to expand 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 will provide tobacco and nicotine-free alternatives to traditional cigarettes in efforts to help consumers reduce the adverse health effects and premature deaths associated with tobacco use. According to the CDC, the single largest cause of preventable disease and death is smoking, with nearly half a million Americans dying prematurely from tobacco use each year. Additionally, another 16 million Americans suffer from at least one serious disease caused by 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,” said 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 said. “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 innovative, technology-driven enterprise focused on the high standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids.
The Company’s corporate mission is to adhere to the highest standards of operations in consistently delivering safe, premium-quality products to consumers as well as to partner with CPG (consumer packaged goods) and pharmaceutical companies.
The Company intends to be a leader in compliances and capabilities in the hemp and cannabinoid supply marketplace. Using state-of-the-art technologies, Green Hygienics intends to open a whole new world of novel cannabinoids and targeted bio-delivery technologies never before explored, solving the issues of stability, pharmacokinetics, biological tissue penetration and bioavailability.
Hygienics is the science of preserving and promoting the health of individuals, communities and the planet.
For further information about Green Hygienics Holdings Inc., please visit the Company’s website at www.greenhygienics.com.
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CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various 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 may cause our actual results to differ materially from any forward-looking statement.
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Link to the press release: https://www.investorwire.com/press-releases/green-hygienics-holdings-inc-gryn-closes-on-acquisition-of-two-cbd-cigarette-brands/
- While more research is needed, a recent study provides some evidence that using CBD to transition from tobacco addiction holds significant promise
- Supply chain issues are the main barrier to entry to the CBD cigarette industry for big tobacco
- GRYN already owns the largest single industrial hemp for CBD farm in North America
Big tobacco companies are already making strategic moves into the fast-growing hemp industry, as they are exploring hemp-based alternatives to tobacco. To make this move, they require a very large supply of quality industrial hemp from which they can derive the targeted CBD products, more specifically quality hemp biomass and flower to make CBD cigarettes.
There is an emerging trend to replace smoking tobacco with smoking hemp flower. The goal is to ease the conversion from tobacco, with its addictive and negative health effects, to CBD cigarettes as a transition cigarette. While there is yet limited research providing enough evidence that CBD can sufficiently ease tobacco addiction, the results of one recent study provide anecdotal evidence that CBD may positively affect addiction. The study included 700 participants who were asked to inhale/consume CBD when they felt the urge to smoke. 42% of the participants were able to abstain from smoking cigarettes after one month of consuming CBD. This particular study was not conducted in a controlled environment and relied solely on the data provided by the participants (https://cnw.fm/dk3Mq).
Another concern for big tobacco companies interested in the hemp space is the quality of soil, as soil contamination, caused by poor farming practices in the past, is considered an issue, primarily in Europe and the Eastern parts of the United States.
Green Hygienics Holdings (OTCQB: GRYN) addresses this problem as well. The soils on its’ 824-acre Sol Valley Ranch are pristine, which is a critical factor in supply chain requirements.
With the capability of ensuring a steady supply of quality hemp, GRYN is one of the few companies that has the ability to supply big tobacco and is set to leverage multiple growth opportunities resulting from a growing demand for hemp in North America following the entry of big tobacco companies into the market.
Additionally, Green Hygienics’ U.S. Food and Drug Administration registration as of August 26, 2020, also opens up more expansive growth opportunities for the company, allowing it to supply hemp to various industries, including tobacco.
Green Hygienics is uniquely positioned to meet the growing demand for hemp resulting from big tobacco entering the market. There are only a handful of companies in the entire industry that have the capacity to meet this kind of demand.
CEO Ron Loudoun discussed the company’s growth plans in more detail when he was featured on the Bell2Bell podcast at the end of March (https://cnw.fm/77EGl).
For more information, visit the company’s website at www.GreenHygienics.com.
NOTE TO INVESTORS: The latest news and updates relating to GRYN are available in the company’s newsroom at http://cnw.fm/GRYN
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- “Cannabis manufacturers that ignore the obvious progression toward an FDA-like industry will not survive the long game,” writes industry expert
- GRYN farm and facilities have already gained USDA Organic certification, FDA registration
- Green Hygienics ideally positioned to innovate, drive new commercial products entirely compliant to USDA and FDA regulatory requirements
As government entities more closely analyze cannabis and the federal regulations that surround the industry, savvy companies such as Green Hygienics (OTCQB: GRYN) are already working to position themselves to offer safe, high-quality products and services. Anticipating what future regulations might look like — and working to meet those guidelines right now — is a hallmark of GRYN.
“Cannabis manufacturers that ignore the obvious progression toward an FDA-like industry will not survive the long game,” writes Kathleen May, a regulatory professional with more than two decades of experience in the Good Manufacturing Practice space, in a recent “Cannabis Industry Journal” article (https://ibn.fm/NiJCp). “Those that embrace the momentum and properly plan to mitigate product and business risk — those who demonstrate integrity and are truly in this space to ensure safe, effective and quality products to consumers will come out on top, gain credibility and secure brand recognition.”
Strategic planning and a long-running commitment to quality are hallmarks of Green Hygienics. The company has a track record of working to obtain significant government approvals and certifications. In April 2020, Green Hygienics received USDA Organic Certification for its 824-acre farm, which includes 400,000 square feet of greenhouse space (https://ibn.fm/ac2Cw).
The USDA Organic seal is one of the most recognized certifications among U.S. consumers and provides assurance to consumers who may be concerned about the safety of CBD products. In addition to assuring that no synthetic fertilizers, pesticides or herbicides have been used in the cultivation of hemp, the USDA organic certification ensures that farmers are using tillage and cultivation practices that maintain or improve the condition of soil and minimize soil erosion through crop rotations, cover crops and the application of plant and animal materials.
“GRYN owns the largest single, USDA Organic-Certified Industrial Hemp for CBD farms in North America,” said GRYN CEO Ron Loudoun. “Having the capacity to provide a secure supply chain of considerable size is a very significant and a clear strategic advantage. . . . This is a great milestone to have achieved. The demand for organic product is growing rapidly with increasing consumer concerns around product efficacy. USDA Organic Certification is the foundation in our objective to supply the underserved medical and pharmaceutical industry.”
In October 2020, Green Hygienics announced that it was registered with the U.S. Food and Drug Administration pursuant to the Federal Food Drug and Cosmetic Act, as amended by the Bioterrorism Act of 2002 (https://ibn.fm/pQEHH).
“The achievement of FDA registration strengthens our company’s core mission to provide product efficacy to the pharmaceutical industry and consumers alike,” said GRYN chief scientific officer Dr. Levan Darjania. “The company is well positioned to instill consumer confidence and change the landscape of the industry by bringing safe and consistent products to market. With our previously announced USDA Organic Certification and FDA Facility Registration, we are well positioned to continue to innovate through the research our teams are involved in and drive new commercial products entirely compliant to USDA and FDA regulatory requirements.”
Clearly Green Hygienics is positioned to come out on top. The California-based, innovative, technology-driven enterprise is focused on the high standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids. The company aims to be a leader in compliance and capabilities in the hemp and cannabinoid supply marketplace. By leveraging state-of-the-art technologies, GRYN intends to open up a whole new world of novel cannabinoids and targeted bio-delivery technologies never before explored, thus solving the issues of stability, pharmacokinetics, biological tissue penetration and bioavailability.
For more information, visit the company’s website at www.GreenHygienics.com.
NOTE TO INVESTORS: The latest news and updates relating to GRYN are available in the company’s newsroom at http://ibn.fm/GRYN
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