San Diego, 23 years old. April 2021. (GLOBE NEWSWIRE) — via InvestorWire –Green Hygienics Holdings Inc. (OTCQB: GRYN) (Green Hygienics or the Company), a company specializing in the cultivation and processing of industrial hemp and the production of pharmaceutical grade bioactive cannabinoids, is pleased to announce that it has entered into a letter of intent (LOI) to acquire Bohemian Beverage Co. The letter of intent was signed on April 19, 2021, and the parties are currently working on a final agreement.
Bohemian Beverage Co. is a profitable, well-selling company with an exceptional portfolio of more than 20 unique beverage brands, including CBD-infused teas, kombuchas, beers, ciders, ready-to-drink cocktails and more, distributed and sold directly from its own store. The Bohemian Beverage Company was also Virginia’s first brewery, cider mill, distillery, and venture into CBD beverages. By creating a sleek, youthful and sexy brand image, promoted through clever marketing via social media and successful event planning, they kept their target audience interactive, engaged and participating.
For the past nine years, we’ve created a new beer every two weeks with a unique recipe, label and marketing plan, says Josh Canada, founder of Bohemian Beverage Co. More than 230 drinks later, we are using those talents to launch exciting new brands in the CBD, soft drinks, cider and ready-to-drink categories.
Current demand for Bohemian Beverage Co products exceeds current production capacity. To accommodate growth, the next step in their expansion is to build a state-of-the-art facility with the capacity and license to produce beer, spirits, cider, wine, CBD drinks and soft drinks. This means that existing and new distribution networks can be used to develop and expand existing brands. As part of the transaction, Green Hygienics is investing in a larger bottling plant, The Grove Brewery, which will be combined with a farmers market on a 5-acre site ideally located on Portsmouth Boulevard in Chesapeake, Virginia. Virginia became the first state in the South to legalize marijuana two weeks ago, when lawmakers voted in favor of a bill by Governor Ralph Northam that would allow adult use of marijuana starting in July 2021.
The beverage industry is highly competitive and the learning curve is steep. This strategic acquisition allows us to enter the high CBD beverage market, build on our expertise and existing distribution while minimizing risk and, most importantly, bring immediate revenue and solid assets to our balance sheets. When you compare this brand portfolio to that of any major retailer in the industry, you quickly realize the incredible potential of this opportunity, said Ron Loudoun, CEO of Green Hygienics. Think of the margins in this business model where you create, produce, sell (internally) and distribute! We are delighted to enter this lucrative market, which represents a very interesting opening for our beverage division. Green Hygienics can provide a strategic market advantage by incorporating new cannabinoids and targeted bio-delivery technologies into formulations. The team at Bohemian Beverage Co has paved the way for something fantastic. We’re looking forward to working with them and taking it to the next level.
About Bohemian Beverage Company.
Bohemian Beverage Co – is both a beer and a brewpub. We produce our own sector tables and provide brewing and branding services for like-minded developers.
We are driven by continuous innovation in the beverage market. Our team of industry experts is always on the lookout for uncharted waters and keeps us at the forefront of trends and developments. We are a passionate team providing quality products to people all over the world.
What began as Back Bay Brewing Company quickly grew into a farm, Tarnished Truth Distillery, Crispy Hydration and Coastal Cocktails. After seeing the effectiveness of our innovative delivery formula, we invited others to join us. We continue to brew and blend our own products, but we have the space and creativity to do the same for other brands that find their niche.
Current demand for Czech beverage brands far exceeds current production capacity. The next step is to build a modern facility with the capacity and license to produce beer, spirits, cider, wine, CBD drinks and soft drinks. We intend to use our existing and new distribution channels to develop existing, acquired and developing brands.
We brew and score, and we’re socially unconventional.
More information about Czech Beverage Company can be found here.
Green Hygienic Holdings Inc. (OTCQB: GRYN) (Green Hygienics or the Company) is a California-based innovative technology company specializing in the cultivation and processing of industrial hemp and the production of pharmaceutical grade bioactive cannabinoids. The company’s mission is to maintain the highest standards of performance by consistently delivering safe, high-quality products to consumers and partnering with pharmaceutical and consumer packaged goods companies.
Hygiene is the science of maintaining and promoting the health of individuals, communities and the planet.
For more information about Green Hygienics Holdings Inc, visit their website:
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