NetworkNewsBreaks – Green Hygienics Holdings Inc
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Posted On: 04/12/2021 4:54:53 PM
NetworkNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Advances in Goal to Build E-Commerce Portfolio, Target Specific Market Segments
Green Hygienics Holdings (OTCQB: GRYN) recently closed on the acquisition of certain assets of Primordia, a seed-to-soil, single-origin hemp supply company. The strategic move brings Green Hygienics significantly closer to its goal to build a portfolio of e-commerce sites that target specific market segments while expanding its supply chain potential. Assets acquired in the transaction include Primordia inventory, equipment, brands and trademarks, as well as an e-commerce site, customer base and relationships that provide the potential for up to 10,000 acres of contract cultivation. “We are at the forefront of a growing, dynamic new sector within the biotech industry,” said Green Hygienics CEO Ron Loudoun in a recent update. “The demand side continues to grow rapidly, while on the supply side the learning curve is steep and opportunities for valued acquisitions will arise. 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) recently closed on the acquisition of certain assets of Primordia, a seed-to-soil, single-origin hemp supply company. The strategic move brings Green Hygienics significantly closer to its goal to build a portfolio of e-commerce sites that target specific market segments while expanding its supply chain potential. Assets acquired in the transaction include Primordia inventory, equipment, brands and trademarks, as well as an e-commerce site, customer base and relationships that provide the potential for up to 10,000 acres of contract cultivation. “We are at the forefront of a growing, dynamic new sector within the biotech industry,” said Green Hygienics CEO Ron Loudoun in a recent update. “The demand side continues to grow rapidly, while on the supply side the learning curve is steep and opportunities for valued acquisitions will arise. 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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