In 2019, Primordia announced its official launch into the rapidly growing industrial hemp and CBD market with over 10,000 acres of legacy farmland and infrastructure ideal for hemp cultivation in the Imperial Valley. This acquisition will generate immediate cash flow for Green Hygienics.” When you consider the improved ROI created through sales of finished product, it makes sense to develop or acquire a portfolio of e-commerce sites that target specific market segments.
“Our first e-commerce site is for the boutique brand Sol Valley Ranch, and the Primordia acquisition will target farm-direct bulk wholesale buyers. The demand side continues to grow rapidly, while on the supply side the learning curve is steep and opportunities for valued acquisitions will arise,” said Green Hygienics CEO Ron Loudoun. “We are at the forefront of a growing, dynamic new sector within the biotech industry.
The assets include inventory, equipment, brands and trademarks, an e-commerce site and customer base, as well as relationships that will provide a significant capacity for large-scale cultivation of over 10,000 acres of legacy farmland. Primordia will continue with its remaining operations under a different name but will not compete with Green Hygienics in this sector. (OTCQB: GRYN) ("Green Hygienics" or the "Company") announces today that after months of negotiation and diligence, it has closed the acquisition of certain assets of Primordia, a seed-to-soil, single-origin hemp supply company ( ), with a combination of cash and other future rights and entitlements. Closes on Acquisition of Primordia Assets
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