Green Hygienics Holdings has entered into a Letter of Intent for the acquisition of Coastal Labs.
"Las Vegas, Nevada-based Coastal Labs was founded by Kavan Thanasith and Travis Chrisman with the intention of providing raw CBD products to CBD merchants under the Coastal Pay umbrella. .
"Coastal Labs has generated various revenue sources by expanding its network throughout different sectors of the industry with a focus on sales of seeds, hemp and lab equipment. The company initially began sales in CBD isolate production when there was an extreme shortage in the marketplace. From there, the company formed partnerships and relationships with the best isolate producers and extractors and has since expanded sales into THC-free distillate production," the company explains.
"With this acquisition of Coastal Labs, Green Hygienics will be adding one of the premier labs in North America to its Brand Portfolio. The company will continue on its stated path of making strategic acquisitions that can be vertically integrated into overall operations.
For more information:
Green Hygienics Holdings
(855) 802-0299
ir@greenhygienicsholdings.com
www.greenhygienicsholdings.com