Green Hygienics Holdings Inc. (OTCQB:GRYN) Announces Bulk Wholesale Purchase Order for Hemp Protein and Food Additive Products

Rhea-AI Summary

Green Hygienics Holdings Inc. (OTCQB: GRYN) has entered the U.S. plant-based food market with an initial purchase order for its hemp protein product from a major exchange-listed company. The global plant protein market is projected to grow from $29.4 billion in 2020 to over $162 billion by 2030. Green Hygienics' proprietary processing methods yield a hemp protein product with 70%-73% protein content, outperforming competitors. This product can be sold through major retailers without strict regulatory limitations, enhancing market opportunities.

Positive

• Entered the U.S. plant-based food market with a significant purchase order.
• Hemp protein product contains 70%-73% protein, higher than the competition's 50%-57%.
• Market for plant protein projected to grow significantly, providing ample growth opportunities.

Negative

• None.

SAN DIEGO, Jan. 26, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Green Hygienics Holdings Inc. (OTCQB: GRYN) (“Green Hygienics” or the “Company”), a California-based industrial hemp company, is pleased to announce its entry into the U.S. plant-based food market with an initial purchase order for its proprietary hemp protein product. The order has come from an established U.S. company that is listed on a major exchange.

The global plant protein market was valued at US$29.4 billion in 2020 and could surpass US$162 billion by 2030, which would make up 7.7% of the global protein market, according to a report released in August by Bloomberg Intelligence.

The immense nutritional value of hemp can be attributed to its anti-inflammatory and antioxidant properties, bioavailability, neuroprotective actions, and the ability to help lower the risks of cardiovascular disease, cancer, high blood pressure and high cholesterol. Hemp-based protein products are gaining serious attention as they are recognized as a highly nutritious, easily digestible source of protein that contains all nine essential amino acids, as well as both essential fatty acids required by the human body.

In the food industry, a wide range of products can be developed from hemp proteins, including beverages, functional ingredients, nutritional supplements and various personal care products. Furthermore, unlike in the CBD market, hemp seed derivatives are not limited to strict regulatory measures. Hemp seed derivatives are treated the same as grapeseed oil or pea protein and can be distributed through retailers like Amazon and Walmart. 

“Our proprietary processing methods produce a significantly higher-quality product with between 70%-73% protein and very little oil content, making it much easier to work with as a food or supplement additive. The average protein found in the competition’s product is between 50%-57% protein and chock full of residual oil,” stated Dan Claycamp, of the Green Hygienics Scientific Advisory Board. “We have the capability to deliver a clean, white, tasteless hemp protein through our unique milling and extraction process. Additionally, the particle size and texture can be adjusted. Green Hygienics is proud to be one of the first U.S.-based operations to be able to provide large-scale domestic supply of a superior hemp protein product beyond what the competition has to offer.”

Claycamp served as vice president of operations for GenCanna Global USA. He is an experienced professional with over 34 years of experience providing executive management for engineering, construction, environmental and operational activities on several food-grade grain milling, food processing, biofuels, hemp and cannabis facilities. Claycamp has successfully managed greenfield projects in Wisconsin, Illinois, Missouri and Kentucky from concept design to operational cash flow, with the latest project being an $83 million food-grade hemp processing facility. He is a graduate of Kansas State University with a Bachelor of Science degree in Milling Science and Management and has held senior management positions at top milling companies including Quaker Oats, Bunge, SEMO Milling, Didion Milling and United Maize. He has successfully managed and directed teams to execute pathways for successful third-party accreditations, licenses, permits and compliance with governing agencies in the grain milling and food industries. Claycamp has also managed and developed supply chain platforms from suppliers to customers that have met and exceeded company visions, goals and objectives, all focusing on being environmentally friendly and green. Through his decades of experience managing several large-scale construction projects, he has gained a deep knowledge of AC and DC electrical design parameters for electrical transformers, switchgear, controls and motors in either alternating or direct current applications and high-, medium- and low-voltage design applications. Claycamp is also a seasoned expert in reviewing and identifying opportunities for process improvements on proposed and current technologies in the food manufacturing and biotechnology industries.

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 about Green Hygienics Holdings Inc., please visit the Company’s website at: www.greenhygienics.com

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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.

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FAQ

What is the significance of Green Hygienics' entry into the U.S. plant-based food market?

Green Hygienics' entry signifies a strategic move into a rapidly growing market, leveraging a purchase order from a major exchange-listed company.

What is the protein content of Green Hygienics' hemp protein product?

The hemp protein product contains between 70% and 73% protein, which is significantly higher than competing products.

How is the global plant protein market expected to grow?

The global plant protein market was valued at $29.4 billion in 2020 and is projected to exceed $162 billion by 2030.

What advantages does Green Hygienics' hemp protein have over competitors?

Green Hygienics' hemp protein is of higher quality, with less oil content and greater digestibility, making it more suitable for food products.