16 June 2022late filing notice▼ Bad
GREEN HYGIENICS HOLDINGS INC. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2022late filing notice▼ Bad
GREEN HYGIENICS HOLDINGS INC. notified the SEC that its quarterly report would be filed late.
14 Jan 2022quarterly activities report▼ Bad
GREEN HYGIENICS HOLDINGS INC. reported quarterly revenue of $63 thousand and a net loss of $962 thousand for the period ended 2022-01-31.
15 Dec 2021late filing notice▼ Bad
GREEN HYGIENICS HOLDINGS INC. notified the SEC that its quarterly report would be filed late.
1 Nov 2021late filing notice▼ Bad
GREEN HYGIENICS HOLDINGS INC. notified the SEC that its annual report would be filed late.
26 Aug 2021material agreement● NeutralMajor
On August 20, 2021 the company's subsidiary Green Hygienics Properties signed an agreement to buy about 95,625 acres in Lincoln County, North Carolina (just outside Charlotte, with roughly 170,000 sq ft of industrial buildings) for $2,400,000 cash, with $25,000 already in escrow. Closing is due by October 31, 2021 and depends on due diligence; the company says it plans to use the site for an industrial hemp manufacturing division (food-grade products and textile fiber). This adds a large new property on top of the Potrero Ranch in California, and the filing does not say how the remaining cash will be funded, which matters given the company's reported zero revenue and reliance on related-party and secured loans.
17 June 2021quarterly activities report▼ Bad
GREEN HYGIENICS HOLDINGS INC. reported quarterly revenue of $0 and a net loss of $2.7 million for the period ended 2021-04-30.
15 June 2021late filing notice▼ Bad
GREEN HYGIENICS HOLDINGS INC. notified the SEC that its quarterly report would be filed late.
20 Apr 2021asset acquisition disposition● NeutralMajor
On April 14, 2021 the company agreed to buy certain assets from Admay, Inc. for up to $2,822,000 in cash and restricted shares, and the deal was completed April 15 with an initial $122,400 paid to Admay's shareholders. That payment was funded by a $550,000 unsecured, interest-free loan from Alita Capital, which is controlled by the CEO, adding to related-party debt; the rest of the price and the assets are not detailed in the filing.
17 Mar 2021quarterly activities report▼ Bad
GREEN HYGIENICS HOLDINGS INC. reported quarterly revenue of $0 and a net loss of $2.7 million for the period ended 2021-01-31.
16 Mar 2021asset acquisition disposition● Neutral
On March 15, 2021 the company completed the purchase of certain assets from Castillo Seed L.L.C. (Puerto Rico) in exchange for 60,000 restricted shares. The filing does not describe the assets.
4 Mar 2021asset acquisition disposition● Neutral
On March 2, 2021 the company completed the purchase of certain assets from Primordia, LLC for $431,137: $25,000 cash plus a $406,137 note at 4.75% maturing March 2, 2022. This follows the December 2020 Primordia letter of intent but is structured as an asset purchase paid in cash and a note rather than the roughly 277,329 shares first proposed.
1 Mar 2021material agreement● NeutralMajor
On March 1, 2021 a company subsidiary signed an agreement to buy a 37,530 sq ft building at 13955 Stowe Drive, Poway, for $7,500,000 cash plus 300,000 restricted shares, closing within 120 days, for processing, manufacturing and distribution. The company also formed two new wholly owned California subsidiaries, TruLife Labs and TruLife Biotech; the filing does not say how the cash will be funded.
16 Feb 2021debt financing● Neutral
On February 15, 2021 the company hired Trimark Capital Partners to sell up to $100 million of bonds, with proceeds to go to real estate purchases and business plans, and hired SingerLewak to prepare an independent fair-market-value valuation of the company. No bonds have been sold yet according to this filing.
28 Dec 2020debt financing● NeutralMajor
On December 15, 2020 the company issued a 15% secured note for $2,668,748 to Home Loan Eagle (due June 15, 2022, interest-only payments of $33,359 a month, no conversion into stock), on top of an earlier $1,760,000 note due August 2024 with the same lender. Net proceeds were $1,402,377 after costs, and $1,151,283 went to repay part of the debt owed to Alita Capital, the majority shareholder controlled by CEO Loudoun, leaving about $2,197,699 owed to Alita. The company also signed a non-binding letter of intent to buy Primordia, LLC for about 277,329 restricted shares, plus up to 500,000 shares reserved for settling Primordia's creditors, aiming for a definitive deal within 45 days.
15 Dec 2020quarterly activities report▼ Bad
GREEN HYGIENICS HOLDINGS INC. reported quarterly revenue of $0 and a net loss of $2.4 million for the period ended 2021-01-31.
29 Sept 2020capital raising announcement● Neutral
On September 18, 2020 the company hired Boustead Securities as exclusive placement agent for six months from delivery of an offering memorandum (then renewing yearly). Boustead gets 250,000 shares now, plus on any financing or deal an 8% fee and warrants for 8% of shares issued, with the fee applying for two years after the term. The filing does not state any specific raise.
17 Sept 2020capital raising announcement● NeutralMajor
On September 13, 2020 the company signed an equity line with GHS Investments letting it, at its option, sell up to $25,000,000 of stock in portions (max $500,000 each, at least 10 trading days apart), priced at the lowest closing price over the prior 10 days with 120% of the shares delivered, which the filing says is about a 17% effective discount. It issues 150,857 commitment shares and must register the resale shares; sales depend on that registration being effective, so existing holders face dilution if it is used.
14 Sept 2020securities registration● Neutral
GREEN HYGIENICS HOLDINGS INC. registered a securities offering with the SEC.
19 Aug 2020material agreement termination▲ Good
On August 14, 2020 the company paid $200,000 to settle in full what remained owed to Triton Funds LP under its 10% convertible note (up to $750,000, due August 20, 2020), ending that facility.
15 July 2020director interest notice● Neutral
GREEN HYGIENICS HOLDINGS INC. President and CEO Ronald Loudoun sold 500,000 shares at $0.50.
15 June 2020quarterly activities report▼ Bad
GREEN HYGIENICS HOLDINGS INC. reported quarterly revenue of $53 thousand and a net loss of $1.6 million for the period ended 2020-04-30.
16 Mar 2020quarterly activities report▼ Bad
GREEN HYGIENICS HOLDINGS INC. reported quarterly revenue of $53 thousand and a net loss of $1.6 million for the period ended 2020-04-30.
13 Mar 2020securities registration● Neutral
GREEN HYGIENICS HOLDINGS INC. filed the final prospectus for a registered offering.
31 Jan 2020securities registration● Neutral
GREEN HYGIENICS HOLDINGS INC. registered a securities offering with the SEC.
17 Dec 2019quarterly activities report▼ Bad
GREEN HYGIENICS HOLDINGS INC. reported quarterly revenue of $56 thousand and a net loss of $1.9 million for the period ended 2020-01-31.
16 Dec 2019late filing notice▼ Bad
GREEN HYGIENICS HOLDINGS INC. notified the SEC that its quarterly report would be filed late.
4 Nov 2019auditor change▼ Bad
Saturna Group, auditor since Nov 2017, told the company on August 15, 2019 it could no longer provide audit services; its reports on the July 2018 and 2017 statements carried going-concern doubt. The company engaged M&K CPAs on September 9, 2019 (the same firm that ceased in 2017). Separately, about the week of October 20, 2019 it issued 1,850,000 restricted shares to advisers and consultants, which dilutes existing holders.
29 Oct 2019late filing notice▼ Bad
GREEN HYGIENICS HOLDINGS INC. notified the SEC that its annual report would be filed late.
25 Oct 2019material agreement● NeutralMajor
On October 21, 2019 the company agreed to buy a commercial property in Poway, California for $4,000,000 as a head office and possible hemp/CBD manufacturing site; the seller may take up to $2,000,000 of the price in company stock at $1.88 per share, with closing expected within 90 days. The company also hired DelMorgan Group and Globalist Capital to advise on strategic alternatives and possible transactions, and the CEO's 250,000 shares of entitlement for services were assigned to a family member and a business associate.