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Green Hygienics Holdings Inc. to Purchase 824-Acre Potrero Ranch Property Near San Diego

Green Hygienics Holdings Inc. to Purchase 824-Acre Potrero Ranch Property Near San Diego

Source: Yahoo Finance
https://finance.yahoo.com/news/green-hygienics-holdings-inc-purchase-123000812.html

SAN DIEGO, March 18, 2019 (GLOBE NEWSWIRE) — via NetworkWire — Green Hygienics Holdings Inc. (GRYN) (“GRYN” or the “Company”), an innovative, full-scope, science-driven, premium cannabis cultivation and branding enterprise, has opened escrow for the purchase of the Potrero Ranch Property near San Diego, California.

The land package is extraordinary, with over 824 acres of flat, native grassland pasture sheltered by surrounding mountains, affording maximum privacy. There is an abundant water supply, and the type and pH of the soil, as well as the altitude of the property, are all ideal for hemp cultivation.

Additionally, the property includes outbuildings spanning 294,000 square feet, and an updated home is also included with the property. The outbuildings have been constructed on a concrete slab, and each building has triple phase power, water and gas services. The structures are ideal for greenhouses or storage. The main building has a large built-in cooler.

Matt Dole, Vice President of Business Development, stated, “Given that there is the potential to harvest 1,200 to 1,500 pounds of hemp per acre, we can produce two crops per year, and the price of hemp is at an average of $50 dollars per pound, this initiative has the potential to produce significant revenues for the Company. This will also provide a base of operations for several other equally exciting initiatives. We have been working on this property acquisition for a very long time and are excited about the possibilities it opens up for the Company.”

Further, Green Hygienics Holdings Inc. has engaged the services of the law firm McAllister Garfield, P.C. With an elite team of marijuana attorneys, McAllister Garfield, P.C. is a full-service law firm that pioneers legal strategies and services for the marijuana industry. Beginning with the very first marijuana businesses that emerged in 2009, the firm has represented hundreds of medical and recreational dispensaries, grows, infused-product manufacturers, and testing laboratories. The firm currently represents some of the leading marijuana companies in Colorado and nationwide and represents a large number of ancillary and related businesses, including lenders, investors, landlords, social media companies, trim companies, consultants, vendors, inventors and packaging companies.

About Green Hygienics

Green Hygienics Holdings Inc. (GRYN) is a full-scope, premium cannabis company targeting the high-end medical and adult-use recreational markets. With more than 25 years of experience in agricultural science and innovation, Green Hygienics is establishing itself as a leader in the advancement of science-driven cannabis cultivation systems. The company business model includes; generating revenues from the cultivation and sales of premium grade cannabis products, developing and licensing valuable IP, creating trusted global consumer brands, and making strategic acquisitions.

For more information, visit: www.GreenHygienicsHoldings.com

Safe Harbor Statements

Certain information contained in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “estimates,” “intends” or “believes,” or that certain actions, events or results “may,” “could,” “would,” “might” or “will be taken,” “occur,” or “be achieved.” Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the SEC. Such risks and other factors include, among others, the ability to locate and acquire suitable interests in alternative medicine manufacturing operations on terms acceptable to the Company, the availability of financing on acceptable terms, accidents, labor disputes, acts of God and other risks of the alternative medicine industry including, without limitation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

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