- Green Hygienics completes acquisition of the 824-acre Potrero Ranch property which includes 400,000 square feet of greenhouse space near San Diego, California, allowing for multiple industrial hemp harvests
- Green Hygienics farming methodology addresses the challenge of scalability. The Company’s cultivation capability far exceeds that of the average-size hemp farm in North America, which stalls at around nine acres
- The company’s pending acquisition, a head office and warehouse property, will serve as its head office for corporate administration and potentially manufacturing; supporting cultivation and processing will take place at the Potrero Ranch strategically located just 45 minutes away
Green Hygienics Holdings Inc. (OTCQB: GRYN), a full-scope, premium hemp cultivation and branding enterprise focused on the cultivation and processing of industrial hemp for the purpose of extracting cannabidiol (CBD), is well-positioned to take advantage of this booming sector of the economy. Fresh off a news release detailing the company’s acquisition of the 824-acre Potrero Ranch Property (http://cnw.fm/J6u3f), GRYN announced it has opened escrow for the acquisition of its head office and warehouse building in the prestigious Poway Business Park, both located near San Diego, California.
Green Hygienics’ holds a major competitive advantage over industry peers in cultivating premium products through its scientific methodology combined with sustainable farm practices. Producing higher yields on a consistent basis, while remaining compliant through diligent testing, is the hallmark of Green Hygienics’ business model.
Hemp cultivation dramatically increased once federal restrictions on hemp farming were lifted through passage of the 2018 Farm Bill, according to advocacy group Vote Hemp in its 2019 U.S. Hemp License Report (http://cnw.fm/l63uN). Finding success with this versatile crop, however, has been elusive for some farmers, the report states, with up to a 60 percent failure rate of harvests. Currently, the average-size hemp farm in North America is nine acres, which means every inch of that land must be productive in order for farmers to reap a profit.
With 25 years of experience in agricultural science and innovation, Green Hygienics has solved the challenge of scalability through its farming methodology. In today’s market, inefficient companies and those that produce an inferior product will become vulnerable or disappear, adding considerable value to companies like Green Hygienics that efficiently innovate and operate. Securing the 824-acre Potrero Ranch property, which includes abundant water and over 400,000 square feet of outbuildings, will allow GRYN to achieve multiple harvests of high-quality industrial hemp and accelerate its market position.
“We have been working at the property under a lease agreement for the last three months purchasing equipment and preparing to begin cultivation immediately,” Loudoun stated in a news release. “The combination of the greenhouse space and acreage will create the capability to produce significant revenues for Green Hygienics.”
By controlling its own supply chain, Green Hygienics can also leverage strategic advantages in the marketplace, such as the ability to deliver a “best in class” product on a consistent basis. The company strives to constantly develop innovations in industrial hemp for CBD cultivation and to create solutions that lower costs, deliver higher yields and address the challenges of large-scale production.
For more information, visit the company’s website at www.GreenHygienicsHoldings.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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