NetworkNewsBreaks – Green Hygienics Holdings Inc
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Green Hygienics Holdings (OTCQB: GRYN), an innovative, premium-cannabis cultivation and branding enterprise, on Tuesday announced that it has obtained an investment from TRITON FUNDS, a La Jolla, California-based investment firm. TRITON will take on 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 each, and a warrant to purchase up to 250,000 shares at an exercise price of $3.00 each. In accordance with the terms of the transaction documents, both the note and the warrant are subject to vesting conditions. In addition, the company revealed its new corporate website URL (www.GreenHygienics.com). “We are excited to work with TRITON and its team of vested students, alumni, scientific advisors and industry advisors,” Green Hygienics Holdings CEO Ron Loudoun stated in the news release. “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.”
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