NetworkNewsBreaks – Green Hygienics Holdings Inc
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Posted On: 12/07/2021 3:29:07 PM
NetworkNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Issues 2021 Harvest and Business Development Update
Green Hygienics Holdings (OTCQB: GRYN) today provided an update on the 2021 harvest and current business development activities. According to the update, Green Hygienics has been focused on advancing several main areas of business development over the last quarter. These include its aggressive growth strategy where, to date, the company has financed its operations almost entirely through direct investment from management, and further shares have been issued instead of cash to ensure management is vested. The result is that Green Hygienics, unlike most companies in the sector, has very few shares outstanding, less than 45M fully diluted. In addition, the company announced its plans to pursue strategic acquisitions at a discount to market. As part of this effort, Green Hygienics is targeting acquisitions that are already cash flowing and have one or more aligned, established brands that the company can add supply chain or other value to. Further, in the last 24 months Green Hygienics has demonstrated its ability to cultivate premium quality hemp cost effectively and with the extraordinary potential to scale. This year’s harvest was double that of last year and will continue to grow with increasing demand as the company secures sales and distribution channels. The update also discussed the company’s engagement of a new external accounting firm from San Diego, AWICPA. The firm will manage payroll, develop policies, procedures and internal controls to manage inventory and accounts payable as well as adjust records to reflect Generally Accepted Accounting Principles (“GAAP”). Finally, in addition to the potential for revenue growth a material financing or acquisition may provide, Green Hygienics intends to launch four e-commerce websites in the first two quarters of 2022 to generate critical cash flow.
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 provided an update on the 2021 harvest and current business development activities. According to the update, Green Hygienics has been focused on advancing several main areas of business development over the last quarter. These include its aggressive growth strategy where, to date, the company has financed its operations almost entirely through direct investment from management, and further shares have been issued instead of cash to ensure management is vested. The result is that Green Hygienics, unlike most companies in the sector, has very few shares outstanding, less than 45M fully diluted. In addition, the company announced its plans to pursue strategic acquisitions at a discount to market. As part of this effort, Green Hygienics is targeting acquisitions that are already cash flowing and have one or more aligned, established brands that the company can add supply chain or other value to. Further, in the last 24 months Green Hygienics has demonstrated its ability to cultivate premium quality hemp cost effectively and with the extraordinary potential to scale. This year’s harvest was double that of last year and will continue to grow with increasing demand as the company secures sales and distribution channels. The update also discussed the company’s engagement of a new external accounting firm from San Diego, AWICPA. The firm will manage payroll, develop policies, procedures and internal controls to manage inventory and accounts payable as well as adjust records to reflect Generally Accepted Accounting Principles (“GAAP”). Finally, in addition to the potential for revenue growth a material financing or acquisition may provide, Green Hygienics intends to launch four e-commerce websites in the first two quarters of 2022 to generate critical cash flow.
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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