Green Hygienics Holdings,Inc. (GRYN)

[pmunch]

GRYN - defying cannabis sell off

From a Reddit post: https://www.reddit.com/r/Wallstreetbetsnew/comments/liij9f/gryn_defying_cannabis_sell_off/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

TLDR:

I have done some research on a stock which after confirming my research and studying more today, I am extremely bullish about.

Green Hygienics (GRYN) is a California-based, innovative, tech-driven company focused on the high-standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids
Green Hygienics Holdings is looking to leverage its position as a prime provider of quality hemp as demand is projected to continue to increase.

According to Nielsen Global Connect, hemp’s 2020 sales of $1.9 billion will balloon to $6.9 billion in 2025, a threefold increase over five years. But, licensed hemp acreage decreased (-27%) in 2020 for the first time since the 2014 U.S. Farm Bill established a national hemp pilot program. Why is this a big deal?

Called a “sleeping giant,” Green Hygienics owns an 824-acre, USDA-certified organic hemp farm including an additional 400,000 square feet of greenhouse space. GRYN’s farm represents a critical supply chain solution in a space where dwindling acres make property and cultivation an invaluable commodity.
Supply and demand, This means a greater market share for GRYN.

They just today named a new member to the board who comes from a very impressive background in large scale processing cannabis and e-commerce.
“He offers a wealth of knowledge applicable to both the technological and business development aspects of the company’s plans for rapid growth in 2021”

This last August they registered with the U.S. FDA to strengthen their mission of efficacy to the pharmaceutical industry and consumers alike. In September the company was granted USDA Organic Certification for their industrial hemp.
The industrial hemp market is expected to reach 5.3 billion in 2020 and projected to rise to 15.2 billion in 2027.

GRYN has less than 42 million shares outstanding fully diluted and has just 7.2 million common shares in float and they boast a balance sheet of no toxic debt or overhang.

And some of my favorite news as it’s what I do is they just 3 days ago announced the hiring of a major marketing company and media company to basically rebrand and relaunch their Consumer Packaged Goods.

GRYN will kick off its sales and marketing initiatives for 2021 while simultaneously launching multiple e-commerce sites, starting with Sol Valley Ranch, its USDA certified organic farm-direct brand, as well as a women-centric brand addressing one of the fastest growing market segments. To supply these brands, the Company is currently producing several of the industry’s hottest products, utilizing its own inventory from a successful 2020 crop.

“A great deal of time, energy and resources went into producing our crop this past season, and it is top quality,” said Green Hygienics CEO Ron Loudon. “Wholesaling it by the pound makes no sense when five to 10 times the gross revenue from an entire crop can be generated by creating finished product and with direct sales through an e-commerce site and established distribution networks. This is a far more compelling business model that, through time, supported by our ability to consistently cultivate a premium base product, will produce far better returns and lead to greater value for the Company. Additionally, this is a great opportunity for the Company to establish its brands and create its own distribution, which can be built upon year over year, true seed to sale.”

I can definitely see It revisiting it’s most recent high of $2.48 in just October of 2019 over the next few weeks, maybe sooner.
A lot of this news is brand new, and being up 10% yesterday when almost everything cannabis related was sold off, it’s got some upside momentum. It’s up another 12% today. Also the 50 SMA is floating higher and higher on top the 200, very bullish.

I purchased my initial position this morning at 1.15 but I’m not a financial advisor.

Simply a pleb who is bullish about a new find.