Premium cannabis firm Green Hygienics Holdings Inc. (OTCQB: GRYN) this morning announced its entry into a letter of intent to acquire Coastal Labs. Las Vegas-based Coastal Labs was founded in 2014 by Kavan Thanasith and Travis Chrisman with the intention of providing raw CBD products to CBD merchants under the Coastal Pay umbrella. In 2017, it was recognized by San Diego Business Journal as one of the top 100 fastest-growing private companies. Per the update, Coastal Labs has generated various revenue sources by expanding its network throughout different sectors of the industry, with a focus on sales of seeds, hemp and lab equipment. Through the proposed acquisition, Green Hygienics intends to add “one of the premier labs in North America” to its brand portfolio.
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About Green Hygienics Holdings Inc.
Green Hygienics is a full-scope, premium-cannabis company targeting the high-end medical and adult-use recreational markets. With more than 25 years of experience in agricultural science and innovation, Green Hygienics is establishing itself as a leader in the advancement of science-driven cannabis cultivation systems. The company business model includes generating revenues from the cultivation and sales of premium-grade cannabis products, developing and licensing valuable IP, creating trusted global consumer brands and making strategic acquisitions. For more information, visit the company’s website at www.GreenHygienicsHoldings.com
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