- Green Hygienics Holdings is in the process of completing the purchase of the Potrero Ranch property near San Diego, California
- The property offers ideal conditions for hemp cultivation, with the potential to harvest two crops per year at an estimated 1,200 to 1,500 pounds of hemp per acre, representing substantial new revenue opportunities
- The U.S. hemp-derived CBD market is now projected to triple in size, reaching $1.3 billion by 2022, while the global industrial hemp market is expected to surpass $10 billion by 2025
Green Hygienics Holdings Inc. (OTCQB: GRYN), a full-scope premium cannabis cultivation company targeting the high-end medical and adult-use recreational markets, is moving to purchase over 824 acres of prime pasture in California’s San Diego County with an eye toward planting hemp – the nation’s newest legal crop. Now in escrow, the ranch property will provide Green Hygienics Holdings with room to grow hemp in California’s rapidly expanding cannabis industry, which reaped approximately $2 billion in total sales in 2018, according to Benzinga (http://nnw.fm/2jgS7).
“Given that there is the potential to harvest 1,200 to 1,500 pounds of hemp per acre, we can produce two crops per year, and the price of hemp is at an average of $50 per pound, this initiative has the potential to produce significant revenues for the Company,” Vice President of Business Development Matt Dole stated in a…
NOTE TO INVESTORS: The latest news and updates relating to GRYN are available in the company’s newsroom at http://nnw.fm/GRYN
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