Green Hygienics Holdings (OTCQB: GRYN), a company focused on the high-standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids, today announced its entry into a letter of intent (“LOI”) to acquire Bohemian Beverage Co.
The LOI was executed on April 19, 2021, and stakeholders are currently working on the definitive agreement. The profitable, revenue-generating Bohemian Beverage Co.’s extraordinary portfolio consists of more than 20 unique beverage brands, including CBD-infused teas, kombuchas, beers, ciders, ready-to-drink cocktails and more, which are directly distributed and sold through the company’s own subsidiary storefront. “The beverage sector is very competitive and there is a steep learning curve. This strategic acquisition will allow us to enter the CBD-infused drink market supported by expertise and existing distribution while mitigating risk and, more significantly, will bring immediate revenue and hard assets to our financials. When you compare this brand portfolio to any of the large marketers in the space, it quickly becomes evident what extraordinary potential exists in this opportunity,” said Ron Loudoun, CEO of Green Hygienics. “Consider the margins in this business model where you create, manufacture, retail (at your own facility) and distribute, as well! We are very excited about entering this lucrative market and launching our beverage division in such a sensible manner. Green Hygienics can provide a strategic advantage in the marketplace by introducing novel cannabinoids and targeted bio-delivery technologies to the formulations. The Bohemian Beverage Co. team has laid the foundation for something fantastic. We look forward to working with them and taking this to the next level.”
To view the full press release, visit https://ibn.fm/tf4xr
About Green Hygienics Holdings Inc.
Green Hygienics Holdings is a California-based, innovative, technology-driven enterprise focused on the high-standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids. The company’s corporate mission is to adhere to the highest standards of operations in consistently delivering safe, premium-quality products to consumers as well as to partner with CPG (consumer-packaged-goods) and pharmaceutical companies. Hygienics is the science of preserving and promoting the health of individuals, communities and the planet. For more information about the company, visit www.GreenHygienics.com.
NOTE TO INVESTORS: The latest news and updates relating to GRYN are available in the company’s newsroom at http://ibn.fm/GRYN
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