Green Hygienics Holdings Inc. (GRYN) Announces US$100 Million Green Bond Offering

Rhea-AI Summary

Green Hygienics Holdings (OTCQB: GRYN) announced a green bond offering in Europe, totaling US$100 million with a 7.25% yield. This bond will have a five-year term, is not convertible, and does not include warrants. The closing date is projected around November 30, 2021, pending customary conditions. The bond aims to be listed on the Luxembourg Stock Exchange, a leader in green finance. This offering aligns with the release of the company's annual Environmental, Social and Governance Report and a recent business valuation.

Positive

• Offering of a green bond for US$100 million with a yield of 7.25%.
• Intended listing on the Luxembourg Stock Exchange promotes credibility in green finance.
• Alignment with annual ESG Report enhances company’s commitment to sustainability.

Negative

• Potential dilution for existing shareholders due to new bond issuance.
• Market risks associated with the bond, including interest rate fluctuations.

SAN DIEGO, Sept. 22, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Green Hygienics Holdings Inc. (OTCQB: GRYN) (“Green Hygienics” or the “Company”) is pleased to announce the offering of a green bond exclusively in Europe (the “Offering”) in the principal amount of US$100 million. The offering is issued for a five-year term with a yield of 7.25%, is not convertible, does not include warrants and is expected to close on or about Nov 30, 2021, subject to the satisfaction of certain customary closing conditions.

Green Hygienics has engaged the firm of Dechert LLP (Luxembourg). Dechert is a leading global law firm with 22 offices around the world. They advise on matters and transactions of the greatest complexity, bringing energy, creativity, and efficient management of legal issues to deliver commercial and practical advice for clients.

The Company intends to list the green bond on the Luxembourg Stock Exchange (LuxSE), a pioneer in green finance. In 2007, LuxSE listed the first green bond to ever enter the market: the European Investment Bank’s “Climate Awareness Bond.” Since then, the exchange has become the leading venue for this asset class. Today, more than 520 green bonds are listed. Issuers range from sovereigns, Public International Bodies, agencies and development banks to financial institutions and corporates.

The Offering is supported by both the recently announced publication of the Company’s annual Environmental, Social and Governance Report (“ESG Report”) using the Sustainability Accounting Standards Board (SASB) framework and the completion of an accredited ongoing business valuation.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, and securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended.

About Green Hygienics Holdings Inc.

"Hygienics” is the science of preserving and promoting the health of individuals, communities, and the planet; it’s our core mission and at the heart of every decision we make as a company. 

As more and more consumers prioritize their health and demand transparency and integrity from the companies that create their products, Green Hygienics will be recognized as the most reliable, safe and secure choice in the market for CBD and hemp products. To deliver on this promise, we maintain a constant commitment to sustainable farming practices, cutting-edge science and industry-leading certifiability.

Generating peak value from a plant of this caliber requires prioritizing innovative processing methods and impeccable attention to detail. Creating a secure supply chain and reliable long-term source for high-grade CBD is a corporate strategy for Green Hygienics, coupled with a mission to preserve and protect a valuable natural resource.

As Green Hygienics evolves and expands, its path is clear and uncompromised, creating pure, non-psychoactive, nutraceutical, pharmaceutical, topical and industrial products from the highly sustainable hemp plant to benefit people and preserve the planet.

For more information visit the Company’s website at www.greenhygienics.com.

Corporate Communications:
Heidi Thomasen
IR@GreenHygienics.com
Toll Free 1.855.802.0299

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements. In evaluating these forward-looking statements, you should consider various factors, including our ability to change the direction of the Company, our ability to keep pace with new technology and changing market needs, and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Public Relations:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

FAQ

What is the green bond offering by Green Hygienics (GRYN)?

Green Hygienics is offering a green bond of US$100 million with a 7.25% yield, intended for closure around November 30, 2021.

When is the green bond offering closing date for GRYN?

The green bond offering is expected to close on or about November 30, 2021.

Where will the green bond by Green Hygienics be listed?

The bond is expected to be listed on the Luxembourg Stock Exchange.

What are the benefits of the green bond offering for shareholders of GRYN?

The offering aims to raise capital for sustainable initiatives and enhance the company's credibility in the green finance sector.

What are the risks associated with Green Hygienics' green bond offering?

Potential dilution of existing shareholder equity and market risks related to interest rate changes.