NetworkNewsBreaks – Green Hygienics Holdings Inc
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Posted On: 03/05/2021 3:56:14 PM
NetworkNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Announces Closing of Acquisition of Primordia Assets
Green Hygienics Holdings (OTCQB: GRYN) today announced that after months of negotiation and diligence, it has closed the acquisition of certain assets of Primordia, a seed-to-soil, single-origin hemp supply company, with a combination of cash and other future rights and entitlements. According to the update, Primordia will continue with its remaining operations under a different name but will not compete with Green Hygienics in this sector. “We are at the forefront of a growing, dynamic new sector within the biotech industry. The demand side continues to grow rapidly, while on the supply side the learning curve is steep and opportunities for valued acquisitions will arise,” said Green Hygienics CEO Ron Loudoun. “Our first e-commerce site is for the boutique brand Sol Valley Ranch, and the Primordia acquisition will target farm-direct bulk wholesale buyers. When you consider the improved ROI created through sales of finished product, it makes sense to develop or acquire a portfolio of e-commerce sites that target specific market segments. This acquisition will generate immediate cash flow for Green Hygienics.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Green Hygienics Holdings (OTCQB: GRYN) today announced that after months of negotiation and diligence, it has closed the acquisition of certain assets of Primordia, a seed-to-soil, single-origin hemp supply company, with a combination of cash and other future rights and entitlements. According to the update, Primordia will continue with its remaining operations under a different name but will not compete with Green Hygienics in this sector. “We are at the forefront of a growing, dynamic new sector within the biotech industry. The demand side continues to grow rapidly, while on the supply side the learning curve is steep and opportunities for valued acquisitions will arise,” said Green Hygienics CEO Ron Loudoun. “Our first e-commerce site is for the boutique brand Sol Valley Ranch, and the Primordia acquisition will target farm-direct bulk wholesale buyers. When you consider the improved ROI created through sales of finished product, it makes sense to develop or acquire a portfolio of e-commerce sites that target specific market segments. This acquisition will generate immediate cash flow for Green Hygienics.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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