- Global Hemp Group will employ joint ventures, partnerships, and acquisitions to capture cash flow, generate revenues and create value for its shareholders
- Global Hemp Group will be involved in the cultivation, processing and distribution of industrial hemp to domestic and international markets
- At the end of 2017, GHG issued its final report on the first year of its joint venture to produce industrial hemp on the Arcadian Peninsula of New Brunswick, Canada
Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) is focused on the vital role that industrial hemp will play in building a sustainable future. The company concentrates on the production and processing of hemp to produce raw and finished goods for domestic and international markets.
Through a series of partnerships, joint ventures and acquisitions, Global Hemp Group seeks to build a strategic portfolio of forward-thinking companies that also believe in the disruptive potential of the industrial hemp plant (http://cnw.fm/kd4OB). The company is headquartered in Vancouver, British Columbia, and is actively seeking additional projects in the hemp cultivation and cannabinoid extraction space in Canada and the United States.
Global Hemp Group, in partnership with Marijuana Company of America (OTC: MCOA), recently completed industrial hemp trials, in 2017, which marked the first hemp cultivation on the Arcadian Peninsula of New Brunswick, Canada in 20 years. The joint venture partners plan to begin commercial cultivation of industrial hemp in 2018, including plans to acquire equipment for the extraction of cannabinoids (CBD, CBG, CBN and CBC). Experienced hemp farmers have been recruited to grow on 125 acres in 2018, with plans to cultivate more than 1,000 acres by year three of the project. Global Hemp Group is to provide technical and management expertise to the joint venture.
What makes industrial hemp unique is its ample potential for aiding in the manufacture of thousands of sustainable products across a wide range of markets. To qualify as industrial hemp, regulation in the United States and Canada requires less than 0.3 percent Delta 9 Tetrahydrocannabinol (THC) content, the psychoactive ingredient in cannabis.
Hemp has tremendous value as an agricultural crop and industrial solution that can not only produce food and clothing on an industrial scale, but also has the potential to become the base product to develop, amongst other things, super-foods, textiles, building materials, bio-fuels and plant-based medicine. Oil-based products such as bio-plastics, cosmetics, sealants and cleaning products also provide an opportunity for hemp to find new global markets.
Industrial hemp plays a fundamental role in the development of sustainable industrial solutions. Global Hemp Group, with its knowledge and expertise, is building a strategic portfolio of companies with the objective of delivering shareholder value through joint ventures, partnerships and acquisitions.
For more information, visit the company’s website at www.GlobalHempGroup.com
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