- Report notes that farmers devoted fewer acreage to cultivating hemp last year
- Hemp sales projected to balloon from $1.9 billion in 2020 to $6.9 billion in 2025, a threefold increase over five years
- GRYN hemp farm is an 824-acre, USDA-certified organic farm including an additional 400,000 square feet of indoor greenhouse space
Despite significant growth in the CBD and hemp industry last year, licensed hemp acreage decreased in 2020 for the first time since the 2014 U.S. Farm Bill (https://cnw.fm/Anh6F). As the owner and operator of the largest single USDA-certified organic hemp farm in North America, Green Hygienics Holdings (OTCQB: GRYN) is looking to leverage its position as a prime provider of quality hemp as demand is projected to continue to increase.
“For all the growth that the hemp and CBD industry has seen as a nascent industry in recent years, last year farmers took a step back and devoted fewer resources to the crop – the enthusiasm of previous years tempered by oversupply, supply-chain issues and a lack of infrastructure,” stated a recent “Hemp Industry Daily” article&
NOTE TO INVESTORS: The latest news and updates relating to GRYN are available in the company’s newsroom at http://cnw.fm/GRYN
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