- Green
Hygienics is on a path toward establishing a leadership role in the
cannabis industry through ‘elevated integration’
- Its
acquisition of Coastal Labs adds one of North America’s premier CBD
processing labs to the company’s portfolio
- Progress
continues toward securing its supply chain through the cultivation and
processing of hemp and cannabis
Green Hygienics Holdings Inc. (OTCQB: GRYN), a full-scope,
premium cannabis company targeting the high-end medical and recreational
adult-use market, is moving quickly to establish itself as a leader in the
advancement of science-driven cannabis cultivation techniques. Underscoring the
company’s strategy of generating revenues from multiple sources, including
valuable acquisitions, is the decision to acquire Las Vegas, Nevada-based
Coastal Labs, according to a news release (http://ibn.fm/qmLcz).
Coastal Labs (www.CoastalLabs.com) specializes in being an exclusive
provider of state-of-the art extraction techniques and equipment for the
cannabis industry, in addition to providing wholesale distribution for clients
looking to purchase in bulk. Coastal Labs was founded as an exclusive provider
for a limited clientele demanding the highest purity standards. The company
initially began sales in CBD isolate production when there was an extreme shortage
in the marketplace. From there, the company formed partnerships and
relationships with the best isolate producers and extractors, and it has since
expanded sales into THC-free distillate production.
With select clients demanding extremes in purity, the company
was able to focus on quality and efficiency, and it is now bringing such
standards into the open market. Coastal Labs has expanded throughout different
sectors of the cannabis industry with a focus on seeds, hemp and lab equipment.
The company’s network is one of the strongest in the industry, with access to
some of the best talent nationwide, resulting in consistently high-quality
products.
The founders of Coastal Labs began with Coastal Pay several
years ago, which was recognized in 2017 by San Diego Business Journal as
one of the top 100 fastest growing private companies.
With this acquisition of Coastal Labs, Green Hygienics will
be adding one of the premier labs in North America to its brand portfolio, per
the news release.
The global hemp oil market, which accounted for more than
$80.5 million in sales during 2017, is projected to surpass $1.23 billion by
2026, growing at a CAGR of nearly 39 percent during that period, as Research
and Marketsreports (http://ibn.fm/PMkcx).
In an article titled ‘CBD Goes Mainstream’, Consumer Reports notes
that more than a quarter of people in the U.S. say they’ve tried CBD
products (http://ibn.fm/Gmz6q).
With more than 25 years of experience in agricultural
science and innovation, Green Hygienics utilizes the advantages of
hybrid-aeroponics, blended with big data and predictive analytics, to produce
high quality, pharmaceutical-grade cannabis at much higher yields and greatly
reduced costs (http://ibn.fm/aH2Ex).
Recent legislative changes have increased the popularity of cannabis products
in the U.S. and Canada; as a result, consumers have started looking for high
quality and premium-grade developments in the field.
For more information, visit the company’s website at www.GreenHygienicsHoldings.com
NOTE TO INVESTORS: The latest news and updates
relating to GRYN are available in the company’s newsroom athttp://ibn.fm/GRYN
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