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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