Green Hygienics Holdings Acquires Castillo Seed Co. Assets
Green Hygienics Holdings Inc. has closed the acquisition of certain assets of Castillo Seed LLC., a pioneering hemp seed company with an extensive library of proven genetics backed by years of R&D efforts.
The assets include seed inventories, thousands of stock plants, an established genetics portfolio, and greenhouse and seed production equipment. All acquired assets will be moved to the company-owned property, Sol Valley Ranch, forming the basis for the company’s hemp genetics division. Sol Valley Ranch will have in-house compliance and full analytic testing capabilities after completing its field-side laboratory and will immediately begin developing some of the industry’s first USDA Certified Organic hemp seeds.
“We saw an opportunity to fast-track our genetics program by procuring a developed genetics portfolio which will not only save three to five years of R&D work but also allow the company to propagate proprietary USDA Certified Organic seeds as soon as July of this year. USDA stamped seeds are a rare find and it just reaffirms our goal to becoming one of the most highly certified Hemp companies on the planet,” said Kyle MacKinnon, COO. “Last year in 2020, we showed our ability to cultivate premium hemp and last week the Company acquired Primordia, which included 10,000 acres of legacy farming relationships and a multitude of other beneficial assets, including bulk wholesale finished product inventory. We are now entering a phase of rapid growth through acquisitions and continue to grow our own secure supply chain.”
Castillo operated over 1 million square feet of greenhouses under organic conditions and developed a deep portfolio of genetics for the purpose of selling seeds, seedlings and clones to various customers around the globe.
Green Hygienic Holdings Inc. is a California-based innovative, technology-driven enterprise focused on the high standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids. The company owns the largest single USDA Certified Organic hemp for CBD farm in North America with 824 acres and approx. 400,000 square feet of greenhouse.