LAS VEGAS, April 25, 2016 (GLOBE NEWSWIRE) -- Green Hygienics Holdings Inc. (OTC:GRYN).
Green Hygienics is currently positioning to become one of the world leaders in both the home-based retail, as well as, the commercial Vertical Farming Industry.
We are pleased to announce that in addition to considering several acquisition opportunities and Management Consultant prospects, we are pleased to announce the signing of a Letter of Intent (LOI) with a company based out of Kelowna, BC called CJH Ventures, Inc. Of interest to Green Hygienics are the prototypes that the Director of CJH Ventures, Inc. (Mr. Calum Hughes) holds. Mr. Calum Hughes and his Intellectual Property are the target for negotiation to move towards a possible agreement. Mr. Hughes past service as the Canadian Regional Manager for the Global Non-profit Association of Vertical Farming (https://vertical-farming.net/about-us/#board) has positioned Mr. Hughes intellectual property to be very much aligned with serving Green Hygienic’s recent vertical farming strategy.
Vertical farming offers a practical solution to the global food crisis, bringing more food into the world while requiring very little additional land.
Safe Harbor Statements
Certain information contained in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects" or "does not expect," "is expected," "anticipates" or "does not anticipate," "plans," "estimates," "intends" or "believes," or that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur," or "be achieved." Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the SEC. Such risks and other factors include, among others, the ability to locate and acquire suitable interests in alternative medicine manufacturing operations on terms acceptable to the Company, the availability of financing on acceptable terms, accidents, labor disputes, acts of God and other risks of the alternative medicine industry including, without limitation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.