- 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://cnw.fm/nH3Xu).
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 Markets reports (http://cnw.fm/D8yml). 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://cnw.fm/byNO6).
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://cnw.fm/xfE94). 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 at http://cnw.fm/GRYN
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