Green Hygienics Holdings Inc. Provides Corporate Update

Rhea-AI Summary

Green Hygienics Holdings Inc. (OTCQB: GRYN) announced corporate updates on November 10, 2022. Due to delays in filing its April 30 and July 31 financial reports, the company has been moved to the Expert Market, limiting visibility and trading options. The Company aims to regain compliance with listing rules through timely filings. Additionally, it is considering refinancing its California property and pursuing a bond offering. Despite challenges, there is a growing demand for organic hemp products, which the Company plans to capitalize on.

Positive

• Plans to file overdue Form 10-Q and Form 10-K to regain compliance.
• Exploring refinancing options for Sol Valley Ranch to support operations.
• Anticipates increased demand for organic hemp and related products.

Negative

• Moved to Expert Market due to late filing of financial reports.
• Limited trading options and increased volatility for investors.

SAN DIEGO, Nov. 10, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Green Hygienics Holdings Inc. (OTCQB: GRYN) (“Green Hygienics” or the “Company”) is pleased to announce the following Corporate Updates.

As a result of not having filed the April 30, 2022, Form 10-Q and the July 31st, 2022, Form 10-K in the required time frame, the Company was moved to the Expert Market which serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing. Currently, the stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility and price dislocations. Investors may have difficulty selling this stock.

While the Company can provide no assurances as to timing, it plans to file Form 10-Q and Form 10-K, along with appropriate additional filings as soon as practicably possible to regain compliance with the Listing Rules.

As there is equity in the Company’s California property Sol Valley Ranch, with the accompanying farm equipment, as well as the inventory, the Company is looking at refinancing on the property. Further, considering most of the preliminary work has been done towards creating and listing a Bond Offering, the Company will also continue this effort. The result of both cannot be guaranteed.

Going forward, demand for organic hemp and other related products is expected to improve and there has been growing interest in our hemp-derived, plant-based protein. The Company will continue to explore new opportunities within this sector.

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 “Gold Star” standard.
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 a reliable long-term source for high-grade hemp and hemp-derived products continues to be a corporate strategy for Green Hygienics.

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 caused Green Hygienics Holdings (GRYN) to be moved to the Expert Market?

Green Hygienics Holdings was moved to the Expert Market due to not filing its Form 10-Q and Form 10-K by the required deadlines.

What does being on the Expert Market mean for GRYN investors?

Being on the Expert Market means that quotes for GRYN are restricted from public viewing, making it harder for investors to sell the stock, with higher risks of wider spreads and increased volatility.

What steps is Green Hygienics Holdings taking to regain compliance?

The Company plans to file its overdue Form 10-Q and Form 10-K as soon as practicable to comply with the Listing Rules.

Is Green Hygienics Holdings pursuing any financing options?

Yes, Green Hygienics is looking at refinancing its Sol Valley Ranch property and is also considering a bond offering.

What is the outlook for Green Hygienics Holdings in the hemp market?

The Company expects growing demand for organic hemp and related products, which it aims to leverage for future growth.