Green Hygienics Holdings (OTCQB: GRYN), an innovative,
premium-cannabis cultivation and branding enterprise, on Tuesday announced that
it has obtained an investment from TRITON FUNDS, a La Jolla, California-based
investment firm. TRITON will take on an advisory board role with GRYN and
purchase a promissory note in the principal amount of up to $750,000, which is
convertible into common shares at a conversion price of $2.50 each, and a
warrant to purchase up to 250,000 shares at an exercise price of $3.00 each. In
accordance with the terms of the transaction documents, both the note and the
warrant are subject to vesting conditions. In addition, the company revealed
its new corporate website URL (www.GreenHygienics.com). “We are excited to work with
TRITON and its team of vested students, alumni, scientific advisors and
industry advisors,” Green Hygienics Holdings CEO Ron Loudoun stated in the news
release. “Additionally, TRITON has an extensive investor network, and we
anticipate these assets will help bring more awareness to the Company while
potentially opening some new relationships for business development.”
To view the full press release, visit http://ibn.fm/ITN1p
About Green Hygienics Holdings Inc.
Green Hygienics Holdings is an innovative, full-scope,
science-driven, premium-hemp branding enterprise focused on the cultivation and
processing of industrial hemp for cannabidiol (“CBD”). The 2018 U.S. farm bill
removed hemp from Schedule I controlled substances (defined as cannabis with
less than 0.3% THC), making it an ordinary agricultural commodity. GRYN’s
mission is to grow the company in a sustainable and profitable manner to be one
of the largest industrial hemp-for-CBD producers in North America. The company
will adhere to the highest standards of operations in consistently delivering
safe and premium-quality products to consumers. GRYN intends to be a leader in
FDA cGMP (Current Good Manufacturing Practice) capabilities in the hemp and CBD
marketplace. The company’s business model includes generating revenues from the
sale of hemp and premium-grade CBD products, creating trusted global consumer brands,
developing valuable IP and growing the company rapidly through strategic
acquisitions. For more information, visit the company’s website at 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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