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Posted On: 03/25/2020 11:29:01 AM
Post# of 44604
$GRYN thin to .50's! Green Hygienics Holdings Inc. Announces Strategic Partnership & Investment from TRITON FUNDS
SAN DIEGO, Jan. 14, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Green Hygienics Holdings Inc. (OTCQB: GRYN) (“GRYN” or the “Company”), an innovative premium cannabis cultivation and branding enterprise, is pleased to announce that it has secured an investment from La Jolla, California-based investment firm TRITON FUNDS (“TRITON”).
“We are excited to work with TRITON and its team of vested students, alumni, scientific advisors and industry advisors,” GRYN CEO Ron Loudoun stated. “Additionally, TRITON has an extensive investor network, and we anticipate these assets will help bring more awareness to the Company while potentially opening some new relationships for business development.”
TRITON will assume an advisory board role with GRYN and purchase a promissory note in the principal amount of up to $750,000, which is convertible into common shares at a conversion price of $2.50 per share, and a warrant to purchase up to 250,000 common shares at an exercise price of $3.00 per share. The note and the warrant are subject to vesting conditions in accordance with the terms of the transaction documents.
Additionally, GRYN announces its new corporate website URL, http://www.GreenHygienics.com
SAN DIEGO, Jan. 14, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Green Hygienics Holdings Inc. (OTCQB: GRYN) (“GRYN” or the “Company”), an innovative premium cannabis cultivation and branding enterprise, is pleased to announce that it has secured an investment from La Jolla, California-based investment firm TRITON FUNDS (“TRITON”).
“We are excited to work with TRITON and its team of vested students, alumni, scientific advisors and industry advisors,” GRYN CEO Ron Loudoun stated. “Additionally, TRITON has an extensive investor network, and we anticipate these assets will help bring more awareness to the Company while potentially opening some new relationships for business development.”
TRITON will assume an advisory board role with GRYN and purchase a promissory note in the principal amount of up to $750,000, which is convertible into common shares at a conversion price of $2.50 per share, and a warrant to purchase up to 250,000 common shares at an exercise price of $3.00 per share. The note and the warrant are subject to vesting conditions in accordance with the terms of the transaction documents.
Additionally, GRYN announces its new corporate website URL, http://www.GreenHygienics.com
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