Canada markets open in 7 hours 54 minutes

Green Hygienics Holdings Inc. (GRYN)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
0.50000.0000 (0.00%)
At close: 03:59PM EST
Sign in to post a message.
  • M
    Mike
    Wow!!! Dropping faster than usual. Anybody have any comments or am I the only one that follows this stock??
  • S
    Stephen
    @Mike Are you still here, still holding shares? I hope that you have seen the latest GRYN 10-K (https://www.sec.gov/Archives/edgar/data/1443388/000147793221008557/gryn_10k.htm#cf). Check out all of the stock issued for consulting, and check out the increasing debt. At least one loan apparently at 15% interest. The 10-K reports a $8.3 million loss for the year, 44.1 million shares now outstanding, insufficient cash to operate without additional monies. The CEO's compensation was apparently $645,000, if my quick scanning of the annual report was accurate. I am not a shareholder so I am not motivated to spend a lot of time on the report, but I marvel at all of the financial moves. Total revenue appears to have been $40,954, all rental income, not sales. Are there any longs here who can help others understand the appeal of GRYN as an investment?
    gryn_10k.htm
    www.sec.gov
  • S
    Stephen
    Help me understand, please. News about GRYN is hard to come by, so I am hoping some better informed commenters here can tell us whether GRYN has produced any products yet. GRYN apparently markets (or plans to market, or once planned to market) consumer products with the label SOLValleyCBD. That brand’s website says “SOLValleyCBD produces a full line of consumer products for health and wellness.” It says “produces,” not “will produce.” Yet that site lists no products or dealers or ways to buy. The contact page says (August 11, 2020) that products are “Coming soon to a convenience store near you,” implying major national marketing soon. Yet that contact page has some mostly boilerplate disclaimers including “GRYN . . . assumes no responsibility for the . . . validity, accuracy . . . reliability or currency of any claims, statements or information in this presentation. . . . GRYN disclaims any obligation to update any forward-looking statements.” Those disclaimers leave me wondering if they still plan to market consumer products. My internet search of the brand name shows only the brand’s own webpage and Facebook page. Due diligence can hardly be done properly without our knowing the current state of the business.
  • S
    Stephen
    @Mike, we were talking about dilution, and its effect on your shares. As you have probably already seen, GRYN’s latest quarterly report shows that in the quarter following July 31, an additional 2,340,857 shares were issued, to pay company execs and others (mostly for consulting). That increases the number of shares issued to 41,918,638.

    And apparently there’s more dilution ahead. On Dec. 18, GRYN signed a letter of intent with Primordia LLC which will cause more stock issuance. GRYN will give “approximately 277,329 shares of restricted common stock of the Company. Additionally, up to 500,000 shares of restricted common stock of the Company will be reserved for settlement agreements with creditors of Primordia LLC.”

    While we await news about any crop sales, there was news about more borrowing: on On December 15, GRYN took out a 15% (!) loan for $2,668,748 (net proceeds were $1,402,377). Part of that loan was used as “a partial payment of principal and interested [sic] on a related party debt due to Alita Capital, Inc., the Company’s majority shareholder that is controlled by Ron Loudoun, the Company’s Chief Executive Officer and sole director, of $1,151,283, reducing the principal amount of related party debt to Alita Capital to approximately $2,197,699.” The loan is apparently secured by a third lien on the property.

    If I am reading this right, GRYN’s CEO Ron Loudoun is GRYN’s sole director, and GRYN still owes a couple of million dollars to a second company controlled by Ron Loudoun.

    Mike, I am curious about your thinking and your plans. Buying, holding, or selling GRYN?
  • S
    Stephen
    Did anyone listen to the Jan. 28 "shareholder update call," and if so please tell us what you heard. The call was to provide "an update on the Company’s achievements over the past year, current initiatives and projects, sales and the future road map."
  • J
    Jared
    thoughts on this upward movement? obviously positive to see but do we have any sales to speak of yet? the beverage acquisition is nice imo.
  • B
    Bud
    SAN DIEGO, April 28, 2020 /PRNewswire via COMTEX/ -- SAN DIEGO, April 28, 2020 /PRNewswire/ -- Green Hygienics Holdings Inc. (OTCQB: GRYN) an innovative,...
    SAN DIEGO, April 28, 2020 /PRNewswire via COMTEX/ -- SAN DIEGO, April 28, 2020 /PRNewswire/ -- Green Hygienics Holdings Inc. (OTCQB: GRYN) an innovative,...
    www.marketwatch.com
  • S
    Stephen
    From the most recent GRYN annual report, which I recommend your reading as a first step in due diligence: "We have an accumulated deficit of $42,766,142 as at July 31, 2019. Our future is dependent upon our ability to obtain financing and upon future profitable operations from the development of our business. These factors raise substantial doubt that we will be able to continue as a going concern. Our independent auditors have expressed substantial doubt about our ability to continue as a going concern."
  • M
    Mike
    I'd like to hear some news. Isn't there anyone out there willing to borrow them more $.
  • S
    Stephen
    @Mike Have you read the latest 10-Q? Are you still here?
  • S
    Stephen
    @Mike Are you a shareholder, Mike?
  • B
    Bud
    $GRYN 37.5M total shares outstanding fully diluted, (Yes that’s it!) and only 4.7M of which are in the float! Unlike companies with hundreds of millions of shares out that will never achieve significant earnings per share, this structure is a real exception.
  • J
    JediJazz
    $GRYN Take a look at the company website which all investors should take the time to review.

    https://www.greenhygienics.com/
    OTCQB:GRYN – OTCQB:GRYN
    www.greenhygienics.com
  • M
    Mike
    Are they actually growing hemp?
  • J
    JediJazz
    $GRYN .45 +1.98% CEO Ron Loudoun: TRITON will assume an advisory board role with GRYN and purchase a promissory note in the principal amount of up to $750,000, which is convertible into common shares at a conversion price of $2.50 per share
    http://www.greenhygienics.com
    OTCQB:GRYN – OTCQB:GRYN
    www.greenhygienics.com
  • k
    kc
    Anybody following this stock? What are your thoughts?
  • J
    JediJazz
    $GRYN great video here: OTCQB: GRYN
    Fully audited Financials
    Full Reporting for Transparency https://vimeo.com/405472364
    OTCQB: GRYN Fully audited Financials Full Reporting for Transparency
    OTCQB: GRYN Fully audited Financials Full Reporting for Transparency
    player.vimeo.com
  • J
    JediJazz
    OUR NUMBER ONE STOCK PICK IN THE HEMP SECTOR: GRYN (Green Hygienics Holdings Inc.) – Hemp Investor News
    hempinvestornews.com
  • h
    habs420
    Wish I bought on October 18.
  • J
    JediJazz
    $GRYN great video out! OTCQB: GRYN
    Fully audited Financials
    Full Reporting for Transparency https://vimeo.com/405472364
    OTCQB: GRYN Fully audited Financials Full Reporting for Transparency
    OTCQB: GRYN Fully audited Financials Full Reporting for Transparency
    player.vimeo.com